The Federal Government has dismissed reports alleging plans to introduce new taxes on telecommunications services and petroleum products, describing the claims as false and inconsistent with its current policy direction. In a statement issued on Tuesday by Maryann Duke, Senior Special Assistant on Communications and Press Secretary to the Minister of Finance and Coordinating Minister of the Economy, the government clarified that recent discussions stemming from the International Monetary Fund (IMF) Article IV Consultation Report have been widely misinterpreted.
According to the statement, recommendations contained in the IMF report are advisory in nature and do not constitute government policy or binding commitments. The government stressed that all fiscal and tax measures are developed through established constitutional and legislative processes, guided by national priorities and prevailing economic realities. It therefore stated unequivocally that there are no plans to impose new taxes on telecommunications services or petroleum products.
Addressing concerns over fuel taxation, the government noted that the Value Added Tax (VAT) waiver on petroleum products remains in place and has not been withdrawn. It further explained that any fuel surcharge permitted under existing laws would require a formal ministerial order and publication in the Official Gazette before taking effect, adding that no such measure is being considered. On telecommunications, the government clarified that the excise duty introduced before 2023 has already been repealed under the new tax regime and is no longer applicable.
The Federal Government urged the public, businesses, and media organisations to disregard reports suggesting fresh taxes are imminent. Reaffirming its commitment to economic stability and growth, it said its focus remains on strengthening revenue administration, expanding economic activity, eliminating inefficiencies, and fostering a more competitive environment for investment and job creation. The government added that any future tax policy changes would be communicated transparently through official channels and implemented strictly in line with due process and the law.
Elijah Adeyemi
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