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 introduce, new taxes on telecommunications services and petroleum products following the publication of the International Monetary Fund, IMF, Article IV Consultation Report on Nigeria.

“The claims are inaccurate and do not reflect the position of the 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 government wishes to clarify that the IMF Article IV Consultation Report contains the Fund’s assessments and policy recommendations for consideration by the relevant country. 

“Such recommendations do not constitute decisions of the government of Nigeria, nor are they binding on the government. Policy decisions are introduced through established constitutional, legislative, and institutional processes, taking into account national priorities and prevailing economic conditions.

“With respect to petroleum products, the Value Added Tax (VAT) waiver currently applicable to fuel remains in place and has not been withdrawn. 

“Similarly, the fuel surcharge in the law requires a specific ministerial order and publication in the Official Gazette to be implemented. No such action is being contemplated at this time.

“The suspended taxes have helped to moderate domestic fuel prices below international averages and neighbouring countries serving as a cushion on the impact of global energy market disruption on Nigerian households and businesses.

“The Federal Government also wishes to clarify that the telecommunications excise duty introduced prior to 2023 has been repealed under the new tax laws and is therefore no longer applicable.

“Accordingly, the public, media organisations, businesses, and other stakeholders are advised to disregard reports suggesting that the government intends to introduce new taxes on telecommunications services or petroleum products.

“The government remains committed to a tax policy framework that is transparent, growth-oriented, and supportive of economic stability. 

“Consistent with the objectives of the ongoing fiscal and tax reforms, the focus remains on improving revenue administration, expanding economic activity, eliminating inefficiencies, and creating a more competitive environment for investment and job creation, rather than increasing the tax burden on citizens.

“Any future tax policy changes, where necessary, will be communicated through official channels and implemented strictly in accordance with the law and due process,” the statement added.

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