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Nigerians groan over effects of 7.5% VAT on petrol prices

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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.

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Senate Fails to Meet Quorum Again as Akpabio Warns on 2027 Campaigns

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For the second time in one week, Senate proceedings suffered a delayed start after lawmakers failed to assemble in the numbers required to form a constitutional quorum.

The development has renewed concerns over legislative attendance. Senate President Godswill Akpabio warned senators against allowing political activities ahead of the 2027 general elections to undermine their parliamentary responsibilities.

The plenary, scheduled to begin at 11 a.m., did not commence until 12:19 p.m., after the arrival of Senator Abdul Ningi brought the number of lawmakers to the constitutionally required quorum.

Under Section 54(1) of the 1999 Constitution, the quorum for either chamber of the National Assembly is one-third of all its members.

With the quorum secured, Akpabio urged lawmakers not to abandon their legislative duties under the guise of preparations for the 2027 elections.

He advised senators to use weekends to travel to their constituencies and engage in political campaigns without disrupting legislative business.

The Senate then proceeded with the adoption of the votes and proceedings of its previous sitting.

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Blackout: DisCos Apologise Over Weeks of Power Outages

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Electricity distribution companies have publicly apologised to Nigerians for the prolonged and erratic power outages that have plagued households and businesses across the country in recent weeks.

Sunday Oduntan, Managing Director and Chief Executive Officer of the Association of Nigerian Electricity Distributors (ANED), tendered the apology on Monday during an appearance on Channels Television’s Sunrise Daily.

“I’d like to first of all start by apologising to Nigerians. An apology is needed; it is essential because Nigerians have been taken through this problem over the past few weeks,” Oduntan said.

He acknowledged the hardship caused by the sustained blackouts and criticised a return to the “blame game” among operators in the power sector — a pattern last seen between 2016 and 2019, when DisCos, the Transmission Company of Nigeria (TCN), generation companies and gas suppliers routinely pointed fingers at one another instead of solving problems.

Oduntan specifically questioned conflicting explanations from the Nigerian Independent System Operator (NISO) and the Nigerian National Petroleum Company Limited (NNPC) over the causes of the shortfall. While NISO cited low water levels and inadequate gas supply, NNPC maintained that gas was available. He urged greater transparency on whether payment issues were affecting gas deliveries to power plants.

The ANED chief called on the Minister of Power, Joseph Tegbe, to convene all stakeholders to identify the real causes of the shortages and halt the cycle of mutual accusations.

The apology comes amid widespread frustration, with even Band A customers — who are supposed to receive a minimum of 20 hours of electricity daily — reporting inadequate supply. The situation has been made worse by intense dry-season heat.

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JAMB Issue Advisory For 2027 UTME Candidates

The board said the checklist was intended to help candidates stay organised, prepare effectively and avoid common mistakes during the registration and admission process.

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The Joint Admissions and Matriculation Board(JAMB) on Monday released six important steps prospective candidates should know ahead of the 2027 Unified Tertiary Matriculation Examination.

In a video shared on its official platforms on Monday, the board advised candidates to ensure their personal information with the NIMC was correct, obtain a registered phone number and maintain an active email address before beginning their UTME registration.

JAMB also urged prospective candidates to decide on their preferred courses and institutions and ensure they selected the appropriate subject combinations.

The board said the checklist was intended to help candidates stay organised, prepare effectively and avoid common mistakes during the registration and admission process

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