5% fuel tax should be introduced when naira appreciates or oil price declines - Taiwo Oyedele
[NigerianEye - Nigeria] - 16/09/2025
Taiwo Oyedele, chairman of the presidential fiscal policy and tax reforms committee, has clarified the context around the proposed 5 percent fuel tax, stressing that any such levy should only be introduced when the naira appreciates or global crude oil prices fall. Speaking during an interview on Arise TV on Monday, Oyedele said the right approach is to consider introducing the tax only when it can be implemented without negatively affecting Nigerians. “For me, and this is speaking for myself, the appropriate time to consider a tax like that would be, number one, when you have an (…)
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