No plans to introduce new telecoms, fuel taxes ― FG

The Federal Government has dismissed a report suggesting that it was considering new taxes on telecommunications services and petroleum products.

The Head of Information and Public Relations, Federal Ministry of Finance, Efe Ovuakporie, made this known in a statement issued on Wednesday, June 17, 2026.

Ovuakporie noted that the reports misrepresented recommendations contained in the International Monetary Fund (IMF) Article IV Consultation Report on Nigeria.

Ovuakporie explained that IMF recommendations were advisory and do not constitute government policy or binding obligations on Nigeria.

“The tax decisions in Nigeria are made through constitutional and legislative processes, guided by national priorities and economic realities,” he stated.

The ministry spokesman said the Value Added Tax (VAT) waiver on petroleum products, remains in force and has not been withdrawn.

Ovuakporie added: “No process is underway to activate any fuel surcharge provided for under existing legislation.

“Any such surcharge will require a ministerial order and publication in the Official Gazette before implementation.

“The suspension of such charges has helped shield households and businesses from global energy price shocks.”

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Ovuakporie said domestic fuel prices have remained relatively stable due to the continued waiver and suspension measures, adding that the telecommunications excise duty introduced before 2023 had been repealed under new tax laws.

He said the excise duty was no longer applicable, contrary to claims circulating in some reports.

Ovuakporie reaffirmed the federal government’s commitment to reforms that support economic growth, improve revenue administration and attract investment.

The ministry spokesperson said future tax measures, if any, would be announced through official channels and implemented in accordance with the law.