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
BREAKING: Uche Nnaji Resigns as Tinubu’s Minister
In a letter thanking President Bola Tinubu for having allowed him to serve Nigeria, Nnaji said that he has been a target of blackmail by political opponents, citing some allegations against him.
Geoffrey Uche Nnaji resigned today as the Minister of Innovation, Science and Technology.
In a letter thanking President Bola Tinubu for having allowed him to serve Nigeria, Nnaji said that he has been a target of blackmail by political opponents, citing some allegations against him.
In a statement signed by Bayo Onanuga, Special Adviser to the President on Information and Strategy, dated October 7, 2025 ,President Tinubu has accepted Nnaji ‘s resignation , thanks him for his service to the nation and wished him well in future endeavors.
President Tinubu appointed Nnaji in August 2023.
News
President Tinubu Decorates INEC’s Mahmood Yakubu with “CON” National Honour
Yakubu was first appointed in November 2015 as the 14th chairman of the commission for an initial term of five years. The appointment, which was renewed in 2020, has now expired due to the passage of time.
President Bola Ahmed Tinubu on Tuesday conferred the honour of Commander of the Order of the Niger (CON) on Prof Mahmood Yakubu, the outgoing Chairman of the Independent National Electoral Commission (INEC), saying that the award was in recognition of Yakubu’s dedicated service to the nation.
Yakubu was first appointed in November 2015 as the 14th chairman of the commission for an initial term of five years. The appointment, which was renewed in 2020, has now expired due to the passage of time.
President Tinubu thanked Professor Yakubu for his services to the nation and his efforts to sustain Nigeria’s democracy, particularly through the organisation of free and fair elections throughout his two-term tenure.
Consequent upon this, President Tinubu also directed that Professor Yakubu should hand over to the most senior national commissioner, May Agbamuche-Mbu, who will direct the affairs of the commission until the completion of the process to appoint a successor.
In the letter dated October 3, 2025, Professor Yakubu thanked the President for the opportunity to serve the nation as chairman of the commission since 2015.
News
OpenAI’s Global Actors to Grace 2025 UNILAG International Week
Director of International Relations, Professor Ismail Ibraheem, emphasised the importance of the event in shaping Africa’s voice in the global tech space, stating that the week serves as a platform for practical collaborations between academia, industry, and government.
Prominent figures, including Emmanuel Lubanzadio from OpenAI, Yvonne Ike of Bank of America, Nigeria’s Minister of Communications Dr. Bosun Tijani, and entrepreneur Iyinoluwa Aboyeji, are set to participate in the 2025 University of Lagos (UNILAG) International Week.
The event, themed “Equitable Partnerships and the Future of AI in Africa,” will take place from October 13 to 17, 2025, at UNILAG’s Akoka campus.
The week-long program will bring together government officials, global partners, academics, and tech innovators to discuss artificial intelligence and collaboration.
Keynote speakers will include Dr. Tijani, Mr. Lubanzadio, and Ms. Ike, while sessions on digital governance will feature Nigeria’s BPP boss, Dr. Adedokun.
Young innovators like Adeleke Eniola, who developed an AI-powered malaria diagnostic tool, will also be highlighted.
Plenary sessions will cover topics such as ethical AI, data governance, and educational innovation, aiming for actionable outcomes like policy recommendations and investment linkages.
Director of International Relations, Professor Ismail Ibraheem, emphasised the importance of the event in shaping Africa’s voice in the global tech space, stating that the week serves as a platform for practical collaborations between academia, industry, and government.
UNILAG continues to strengthen its international partnerships for research and skills development, reinforcing its role in global engagement.
BREAKING: Uche Nnaji Resigns as Tinubu’s Minister
President Tinubu Decorates INEC’s Mahmood Yakubu with “CON” National Honour
OpenAI’s Global Actors to Grace 2025 UNILAG International Week
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