News
Nigerians groan over effects of 7.5% VAT on petrol prices
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
Okonjo-Iweala Decries Kidnappings of school children, teachers
As a mother I am greatly saddened by the kidnappings in our country, particularly of our children and teachers from places of learning.
The Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, has expressed worries over the escalating wave of kidnappings across Nigeria, particularly the abduction of schools children and teachers.
Okonjo-Iweala in a post on X said she was “greatly saddened” by the disturbing trend, stressing that the attacks on learning institutions have inflicted fear, trauma, and uncertainty on families nationwide.
“As a mother I am greatly saddened by the kidnappings in our country, particularly of our children and teachers from places of learning.
” My heart goes out to the children and all those kidnapped and to their families living in fear and uncertainty,” she said.
She prays for the safe return of all abductees and strength for parents and relatives enduring the ordeal.
“May those taken be found, rescued, and returned safely into the arms of those who love them.
We pray God for their protection and strength for every parent and relative waiting,” she added.
Her comments come amid a series of mass abductions targeting schools and farming communities in several states in Nigeria, which has led to renewed calls for urgent action to protect citizens and restore security nationwide.
News
Umahi Donates a speedboat for protecting federal Bridges in Lagos
Umahi emphasised that the donation of the speedboat would aid in monitoring activities along the marine corridor in Lagos, as well as serving as a morale booster for the gallant men who have been combating the activities of unscrupulous elements under the bridges.
The Minister of Works, David Umahi, weekend, donated a speedboat to the Marine and Infrastructure Protection Unit of the Lagos State Command of the Nigeria Security and Civil Defence Corps (NSCDC) to protect the Third Mainland Bridge and other federal bridges in the state.
Umahi, while presenting the speedboat, said that the donation aligned with his magnanimity and unwavering commitment to supporting the Corps in its duty of safeguarding vital public infrastructure.
Umahi emphasised that the donation of the speedboat would aid in monitoring activities along the marine corridor in Lagos, as well as serving as a morale booster for the gallant men who have been combating the activities of unscrupulous elements under the bridges.
The Commandant also extended thanks to the former Federal Controller of Works, Lagos, O.I. Kesha, for her diligent efforts in ensuring that the Corps receives all necessary logistical support to guarantee the protection of the integrity of the Third Mainland Bridge, other federal bridges, and critical national infrastructure in Lagos State.
News
Bauchi Students, Pupils Won’t Write First Term 2025 Exam Over Insecurity
The government is working closely with security agencies to address the concerns swiftly and comprehensively, ensuring that normal academic activities resume as soon as it is safe to do so.
The Bauchi State Government has announced the closure of all the public and privately owned primary, secondary, and tertiary institutions in the state with immediate effect.
In a statement on Monday, Jalaludeen Usman, Information and Public Relations Officer Bauchi State Ministry of Education, said that the decision, although difficult, was taken by the government in response to overwhelming security concerns affecting the safety of students, teachers, and school communities across the state.
“The government is fully aware of the inconvenience this may cause.
However, the protection of our children remains our highest moral responsibility. Every student in Bauchi State deserves to learn in an environment that is safe, stable, and free of fear.
We therefore call on parents, guardians, school proprietors, and all concerned stakeholders not to panic, but to remain calm and cooperative.
The government is working closely with security agencies to address the concerns swiftly and comprehensively, ensuring that normal academic activities resume as soon as it is safe to do so. We also urge citizens to remain vigilant.
If you see something, say something. Timely information from the public is crucial in safeguarding our communities.
The Bauchi State Government will continue to provide updates as the situation evolves.”
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