FG Denies Plans to Introduce New Telecoms, Fuel Taxes

The Federal Government has dismissed reports claiming it plans to introduce new taxes on telecommunications services and petroleum products following recommendations in the latest International Monetary Fund (IMF) Article IV Consultation Report on Nigeria.

In a statement issued by the Federal Ministry of Finance, the government said the reports misrepresented the IMF’s recommendations and did not reflect official policy.

According to the ministry, recommendations contained in the IMF report are advisory and not binding on Nigeria, stressing that decisions on taxation are made through established constitutional and legislative processes.

The government clarified that no new taxes are being considered for either the telecommunications or petroleum sectors.

It also stated that the Value Added Tax (VAT) waiver on petroleum products remains in force and has not been withdrawn. While existing laws provide for a fuel surcharge, the ministry noted that such a measure can only take effect through a ministerial order and publication in the Official Gazette, adding that no such process is currently under consideration.

On telecommunications services, the government explained that the excise duty introduced before 2023 has already been repealed under the country’s new tax laws and is no longer applicable.

The ministry urged Nigerians to disregard reports suggesting that fresh taxes are being proposed, reiterating that its focus remains on economic reforms, improved revenue administration, investment attraction, and job creation rather than imposing additional tax burdens on citizens.

The government also assured the public that any future tax measures would be communicated through official channels and implemented in accordance with the law.