The Federal Government has dismissed reports suggesting it plans to introduce new taxes on telecommunications services and petroleum products, insisting that no such measures are under consideration.
The clarification follows widespread media reports and public commentary linking the proposed taxes to recommendations contained in the International Monetary Fund’s (IMF) Article IV Consultation Report on Nigeria.
In a statement issued on Tuesday by the Federal Ministry of Finance, the government described the reports as inaccurate, stressing that the IMF’s recommendations do not amount to government policy and are not binding on Nigeria.
“The Federal Government is not considering the introduction of any new taxes on telecommunications services or petroleum products,” the ministry said.
It explained that the IMF’s Article IV Consultation Report reflects the Fund’s assessments and policy recommendations for member countries, adding that any fiscal policy decision by the Nigerian government must pass through established constitutional, legislative and institutional processes while taking into account national priorities and prevailing economic realities.
The ministry also clarified that the Value Added Tax (VAT) waiver currently applicable to petroleum products remains in force and has not been withdrawn.
On the issue of a fuel surcharge, it stated that although the law provides for such a measure, implementation would require a specific ministerial order and publication in the Official Gazette, noting that no such action is being contemplated.
According to the ministry, maintaining the suspension of those taxes has helped keep domestic fuel prices below international levels and those of neighbouring countries, thereby cushioning households and businesses from the impact of global energy market disruptions.
The government further clarified that the telecommunications excise duty introduced before 2023 has been repealed under the country’s new tax laws and is no longer applicable.
The Federal Government urged the public, businesses, media organisations and other stakeholders to disregard reports suggesting that new taxes on telecommunications services or petroleum products are imminent.
It reaffirmed its commitment to a transparent and growth-oriented tax policy, saying ongoing fiscal reforms are focused 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 Nigerians.
The ministry added that any future tax policy changes, where necessary, would be communicated through official channels and implemented strictly in accordance with the law and due process.
