News

Nigerians groan over effects of 7.5% VAT on petrol prices

Published

2 years ago

June 19, 2023

166 Views

Nigerians have begun to lament the effects of the introduction of a 7.5 per cent Value-Added Tax on the price of premium motor spirit, otherwise known as petrol.

This comes barely a month after President Bola Tinubu removed the subsidy on petrol during his inaugural speech on May 29, raising the price of PMS from N188 to about N580 in different states of the federation.

Recall that the Minister of Finance, Budget and National Planning, Zainab Ahmed, announced that the Finance Act 2020 raised the previous 5 per cent VAT of the country to 7.5 per cent on commodities including automobile gas oil and it was implemented on February 20, 2020.

But the VAT-exempt items include honey, bread, cereals, cooking oils, culinary herbs, fish, flour, starch, fruits, meat, poultry, milk, nuts, pulses, roots, salt, vegetables, water, sanitary pads, tampons, tertiary, secondary, primary and nursery tuition.

While other commodities have been VAT-compliant, PMS was not until recently because it was being subsidised by the Federal Government.

However, the new development has hit Nigerians hard, as many have called for an utmost review of it, especially because of the recent removal of fuel subsidies.

See reactions below:

A user, Ingawa said, “That means for every litre of AGO you will buy, you have to pay 7.5% Consumer Tax (VAT) of the Pump Price. For example; If 1 litre of AGO is N650 at the filling station, then you have to pay an additional N48.75 being payment for 7.5% VAT. The total price per litre will be N698.75 per litre.”

Another user, Angry Non-Nigerian, said, “When Tinubu said ‘widen the tax net, you people thought he was joking. The only thing that man knows is tax, tax and tax. As Lagosians.”

One Oyo said, “The Citizens will be the main IGR for this government. There is no single move to cut the cost of government from the Senate to the House to other departments. They went to education first by trying to add tuition fees, now 7.5% VAT on PMS. Everything directly to the common man.”

Akwa Ibom 1st son opined, “So after the removal of subsidy and the price of fuel jumped to 530, they’ve now decided to add 7.5%. VAT on AGO. In all of these, what are the politicians losing, and what are they sacrificing?”

“7.5% VAT on diesel after subsidy on petrol was removed? They will show you people shege banza pro max air 2. The government is after our lives bro!.

“Even those that were shouting ‘Akanbi’ will not be left out. They might even end up being the most affected. The evil will go round. I swear!

“Good governance is not attained by wishful thoughts, things don’t work that way. Now, Tinubu is going for a check-up after ruining the economy with senseless policies.

“His supporters have been crying since last week because the pressure is going around. We must all learn a lesson,” Madu Obi wrote.

News

Insecurity: Kebbi Shutdowns Tertiary Institutions Untill Further Notice

Consequently, all the students and staff on the campuses and off-campuses have been directed to vacate the campuses with immediate effect till further notice.

Published

6 hours ago

November 22, 2025

OCHEFA

21 Views

•Governor of Kebbi State, Dr. Nasir Idris

The Governor of Kebbi State, Dr. Nasir Idris , has ordered the immediate closure of all tertiary institutions in the state as a proactive measure to safeguard students in the institutions.

This is sequel to the spate of insecurity challenges in the state and some parts of the country .

Consequently, all the students and staff on the campuses and off-campuses have been directed to vacate the campuses with immediate effect till further notice.

News

Zamfara Police Gallantly Rescues 25 Abduct By Bandits

During the attack, the assailants abducted ten (10) women along with fifteen (15) of their children, all residents of the community.

Published

6 hours ago

November 22, 2025

OCHEFA

17 Views

• Victims reunite with families

Zamfara State Police Command has rescued 25 abducted victims abducted by bandits at Kuraje village in the Damba area of Gusau LGA .

DSP Yazid Abubakar, Police Public Relations Officer, confirmed the development to our reporter: “During the attack, the assailants abducted ten (10) women along with fifteen (15) of their children, all residents of the community.”

He said : ” On 21st November 2025 at about 2145hrs, a group of armed bandits in large numbers, wielding dangerous weapons and firing sporadically, attacked

Upon receiving the distress report, joint Police patrol teams from Damba Division and the Department of Operations, Gusau—working in collaboration with the Community Protection Guards (CPG)—swiftly mobilized to the scene.

The team confirmed the incident, pursued the fleeing bandits, and engaged them in a coordinated and strategic operation.

Thanks to the professionalism, gallantry, and swift response of the operatives, all twenty-five (25) abducted victims were successfully rescued unhurt.

They were immediately relocated to Sabongari Damba for safety and proper profiling.

The rescued women and children have since been reunited with their families.

The Commissioner of Police, Zamfara State Command, CP Ibrahim Balarabe Maikaba, commends the bravery and dedication of the officers involved in the operation.

He reassures the public of the Command’s commitment to safeguarding lives and property across the state.”

News

Nationwide School- Closure Message is Fake – FG

“The information did not originate from the Federal Government, the Federal Ministry of Education, any State Ministry of Education or any recognised security agency.”

Published

7 hours ago

November 22, 2025

OCHEFA

17 Views

The Federal Ministry of Education says that a message currently circulating on social media platforms, alleging that schools nationwide have been directed to close from 24th November 2025, is false and misleading.

Folasade Boriowo Director, Press & Public Relations, in a statement on Saturday, urged public to disregard the fake news , emphasising : “The information did not originate from the Federal Government, the Federal Ministry of Education, any State Ministry of Education or any recognised security agency.”

The statement reads:

” The public is strongly advised to rely strictly on verified information issued through the following official channels:

The Federal Government, the Federal Ministry of Education; State Governments and State Ministries of Education including recognised security agencies.

Any announcement, advisory, or notice coming from unofficial or unverified sources should be ignored and not shared.

Members of the public are urged to always verify the authenticity of information before circulating it in order to curb the spread of misinformation.”