Nigerian Government’s proposed 5% fuel tax angers citizens
The Federal Government’s proposal to introduce a five percent fuel tax has sparked outrage across the country. Finance Minister Wale Edun explained last week that the surcharge was not a new levy, but an old provision under the 2007 Federal Road Maintenance Agency (FERMA) Act, now being included in the 2025 Tax Administration Act for […]
Fuel tax not starting in January 2026 but on a later date – Tax Reform Chairman, Taiwo Oyedele
The Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has said that the proposed N500 tax on every N10,000 worth of fuel will not begin in January 2026 as many people believe. He explained that the actual start date will be announced later by the Minister of Finance. Many Nigerians have already condemned the […]
Nigerian govt to earn N796bn yearly from 5% petrol surcharge
The Nigerian government is projected to make about N796 billion each year through a new 5% surcharge on both locally made and imported petrol. This tax will become active starting January 1, 2026, following the introduction of new tax laws. President Bola Tinubu approved four new tax laws on June 26, 2025. One of these […]