Fuel 5% Tax Postponed Beyond January 2026 - Taiwo Oyedele

[NigerianEye - Nigeria] - 5/09/2025
Taiwo Oyedele, chairman of the Presidential Tax Reform Committee, has debunked rumors that a proposed N500 tax on every N10,000 fuel purchase will begin in January 2026. In a video released on Friday, September 5, 2025, Oyedele clarified that the surcharge, part of a provision in the new tax law and originally enacted under the FERMA Act, will take effect on a future date to be announced by the Minister of Finance. He emphasized the Minister’s responsibility to determine an appropriate start date.Addressing public concerns and calls to suspend the policy, Oyedele explained that the revenue (…)
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