The Federal Government has assured Nigerians that there are no plans to introduce new taxes on petroleum products or telecommunications services, dismissing widespread reports suggesting fresh tax measures are being considered as inaccurate and misleading.
In a statement issued on Tuesday by the Senior Special Assistant on Communications and Press Secretary to the Minister of Finance and Coordinating Minister of the Economy, Maryann Duke, the government said recent interpretations of the latest International Monetary Fund (IMF) Article IV Consultation Report had wrongly created the impression that new taxes were being proposed.
According to the statement, recommendations contained in IMF consultation reports do not automatically translate into government policy and are not binding on Nigeria, stressing that the country remains fully responsible for determining its own economic and fiscal priorities.
The government explained that all policy decisions relating to taxation and fiscal reforms are only adopted through constitutionally recognised legislative, institutional and executive processes, taking into account prevailing economic realities and the country’s broader national development agenda.
“The Federal Government is not considering the introduction of any new taxes on telecommunications services or petroleum products”, the statement read.
Addressing concerns over fuel pricing, the government clarified that the existing Value Added Tax (VAT) waiver currently applicable to petroleum products remains fully in place and has not been withdrawn.
It further explained that while current legislation contains provisions for the possible introduction of a fuel surcharge, such a measure can only take effect through a formal ministerial order and publication in the Official Gazette, stressing that no such action is under consideration.
According to the government, the continued suspension of certain taxes on petroleum products has played a crucial role in cushioning the effects of volatility in global energy markets, helping to keep domestic fuel prices below international and regional averages while easing pressure on households and businesses.
On telecommunications services, the government also clarified that the excise duty previously introduced on the sector before 2023 has since been repealed under Nigeria’s revised tax laws and is no longer applicable.
“The telecommunications excise duty introduced prior to 2023 has been repealed under the new tax laws and is therefore no longer applicable”, the statement added.
The Federal Government urged Nigerians, businesses, media organisations and other stakeholders to disregard reports claiming that fresh taxes are being planned for telecom services or petroleum products.
Reaffirming its commitment to economic reform, the government said its ongoing fiscal and tax reforms are focused on building a transparent, growth-driven tax system to strengthen revenue administration, reduce inefficiencies, stimulate business activity and attract greater investment into the economy.
It stressed that current reforms are designed to expand economic opportunities and improve the business environment rather than impose additional financial burdens on citizens.
The government further assured that any future tax policy adjustments, where necessary, would be officially communicated through appropriate government channels and implemented strictly in line with due process and existing laws.
