Fuel Tax Debate in Nigeria

The Nigerian government has dismissed claims of introducing a fuel tax, with Finance Minister Taiwo Oyedele stating the reports are misleading. He emphasized that such a tax is not on the government's agenda, especially amid ongoing economic challenges for Nigerians.

Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy, has dismissed reports of a potential fuel tax as fake news, asserting that the government has no plans to impose such a levy following the removal of the fuel subsidy.

The African Democratic Congress alleges that President Bola Tinubu may introduce a five per cent fuel tax after the 2027 election, potentially raising petrol prices above N1,500 per litre. The party warns this could worsen economic burdens on Nigerians.