Finance Minister Oyedele Refutes Fuel Tax Claims

Taiwo Oyedele, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, denied reports suggesting that the Federal Government plans to introduce a fuel tax when the economy stabilizes. This clarification was made in a statement on his official X account on October 20, 2026.

Oyedele described the headlines as misleading and asserted that the reports misrepresented his comments during an interview on Arise News. He emphasized that the idea of a fuel tax is not being considered by the government and labeled the claims as fake news.

The minister's statement aims to address public concerns and misinformation regarding potential taxation on fuel in Nigeria.