FG Denies Plans to Introduce New Fuel, Telecom Taxes

The Federal Government has denied reports suggesting it plans to introduce new taxes on telecommunications services and petroleum products.

In a statement issued by the Federal Ministry of Finance, the government described the reports as false and clarified that no new taxes are being considered for either sector.

The clarification follows public concerns sparked by recommendations contained in the International Monetary Fund (IMF) Article IV Consultation Report on Nigeria.

According to the ministry, the IMF report only contains policy recommendations and does not represent decisions taken by the Nigerian government.

“For the avoidance of doubt, the Federal Government is not considering the introduction of any new taxes on telecommunications services or petroleum products,” the statement said.

The government also reassured Nigerians that the Value Added Tax (VAT) waiver on fuel remains in place and has not been removed.

It further explained that although existing laws provide for a fuel surcharge, such a measure can only take effect through a ministerial order and publication in the Official Gazette. The ministry stressed that no such action is currently being considered.

On telecommunications services, the government noted that the excise duty introduced before 2023 has already been repealed under Nigeria’s new tax laws and is no longer applicable.

The ministry said the suspension of certain taxes has helped keep fuel prices lower than they would otherwise be and has provided some relief to households and businesses facing economic pressures.

It urged Nigerians, businesses, and media organisations to disregard reports claiming that new taxes are being planned for fuel or telecom services.

The government reaffirmed its commitment to economic reforms that promote growth, attract investment, create jobs, and improve revenue collection without placing additional tax burdens on citizens.