5% fuel tax

  1. No Immediate Plan to Enforce 5% Petroleum Tax - FG

    Nigeria No Immediate Plan to Enforce 5% Petroleum Tax - FG

    The Digest: The Federal Government has suspended plans to implement a controversial 5% Petroleum Products Tax, following intense public backlash and threats of industrial action from organised labour. Finance Minister Wale Edun confirmed the decision, emphasizing that there is no immediate...
    • Nigeria News
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    • 1 min read
    • 5% fuel tax fossil fuel tax wale edun
    • Category: Business
  2. Presidential Tax Committee Defends 5% Fuel Surcharge, Clarifies Exemptions

    Nigeria Presidential Tax Committee Defends 5% Fuel Surcharge, Clarifies Exemptions

    The Digest: The Presidential Fiscal Policy and Tax Reforms Committee has responded to concerns about the new 5% fuel surcharge, clarifying that it’s not a new levy but a restatement of an existing tax. The surcharge will only apply to fossil fuels and excludes kerosene, cooking gas, and...
  3. [VIDEO] No 5% Fuel Surcharge Until Ministerial Approval, Says Tax Chairman Oyedele

    Nigeria [VIDEO] No 5% Fuel Surcharge Until Ministerial Approval, Says Tax Chairman Oyedele

    The Digest: Amid growing public anxiety over new taxes, the Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has clarified that the controversial five percent fuel surcharge will not take effect in January 2026. His statement aims to quell fears that the levy would worsen...
    • Nigeria News
    • Article
    • 1 min read
    • 5% fuel tax fossil fuel tax fuel surcharge taiwo oyedele
    • Category: Business
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