FG Denies Plans for New Telecoms and Fuel Taxes.

Government Says IMF Recommendations Are Not Binding

The Federal Government has firmly rejected reports that it intends to introduce new taxes on telecommunications services and petroleum products, labeling the claims as completely false.

In a statement released Wednesday by the Federal Ministry of Finance, officials made it clear that Nigerians have nothing to worry about regarding new taxes on their phone calls, data, or fuel purchases.

"These reports are misleading and do not reflect the government's position," the statement read, addressing rumors that had been circulating about proposed taxes linked to the International Monetary Fund's recent consultation with Nigeria.

What You Need to Know:

The government explained that recommendations from the IMF are simply advisory in nature and do not represent binding policy decisions for Nigeria. Essentially, just because the IMF suggests something doesn't mean Nigeria has to do it.

Regarding fuel, the government confirmed that the current tax arrangements remain unchanged. The Value Added Tax (VAT) waiver on fuel is still in place, and any potential fuel surcharge would require a formal ministerial order published in the Official Gazette something the government says is not even being considered.

As for telecoms, officials clarified that the excise duty introduced before 2023 has already been scrapped under Nigeria's new tax laws and is no longer in effect.

A Reassuring Message:

The ministry used the opportunity to assure Nigerians that the government's tax policy focuses on improving revenue collection and supporting economic growth, not on burdening citizens with additional taxes. They also promised that any future tax changes would be communicated through proper official channels.

The government urged Nigerians, media organizations, and businesses to disregard the rumors and rest assured that no new telecoms or fuel taxes are on the horizon.