FG Dismisses Reports of New Telecoms, Fuel Taxes
The finance ministry said the telecom excise duty was repealed and the fuel value added tax waiver remains active, rejecting IMF-linked reports.
- On Wednesday, the Federal Government dismissed reports suggesting plans to introduce new taxes on telecommunications services and petroleum products, describing the claims as inaccurate.
- Reports linking proposed taxes to the International Monetary Fund Article IV Consultation do not reflect government policy; IMF recommendations are advisory and not binding obligations on Nigeria.
- The Federal Ministry of Finance clarified that the telecommunications excise duty introduced prior to 2023 was repealed under new tax laws and is no longer applicable.
- Fuel tax rules remain unchanged, and the Value Added Tax waiver on fuel remains active to cushion Nigerian households from global price fluctuations.
- Nigeria's tax policy prioritizes revenue collection and economic growth over increasing the tax burden, with any future changes requiring a ministerial order and publication in the Official Gazette.
24 Articles
24 Articles
FG Dismisses reports on New Fuel, Telecoms Tax
The Federal Government has dismissed reports suggesting that it has adopted or is considering new taxes on telecommunications services and petroleum products. The reports started gaining grounds after the publication of the International Monetary Fund (IMF) Article IV Consultation Report on Nigeria. In a statement on Wednesday, head of information and public relations at the Ministry of Finance, Efe, Ovuakporie, said the reports misrepresent the…
No plans to introduce telecoms, fuel taxes – FG
By Innocent Anaba The Federal Government, Tuesday, said there are no plans to introduce, new taxes on telecommunications services and petroleum products. Senior Special Assistant, Communications and Press Secretary to the Minister of Finance and Coordinating Minister of the Economy, Maryann Duke, in a statement, said: “The Federal Government has noted recent media reports and public commentary suggesting that Nigeria has adopted, or plans to in…
FG Rules Out Fresh Taxes for Fuel, Telecom Sector - Economi Confidential
FG Rules Out Fresh Taxes for Fuel, Telecom Sector The Federal Government on Wednesday dismissed reports suggesting it had adopted or was considering the introduction of new taxes on telecommunications services and petroleum products following recommendations contained in the latest IMF Article IV Consultation Report on Nigeria. The government said the reports misrepresented the […] The post FG Rules Out Fresh Taxes for Fuel, Telecom Sector app…
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