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
Somtochukwu Maduagwu, Arise News Anchor Murder Suspects’ Hearing adjourn February 9-11
Aside from the killing of the Arise News Anchor, they are charged with armed robbery involving other residents at the estate where Somtochukwu was killed.
Photo: Somtochukwu Maduagwu, Arise News Anchor and lawyer
The FCT High Court Abuja has slated three days hearing for suspects that killed Somtochukwu Maduagwu, Arise News Anchor and lawyer.
Ohibaba.com learned that the matter is adjourned to 9, 10 and 12 February, 2026 for definite hearing.
The suspects were arraigned on amended Charges filed on 10th January before the FCT High Court.
Aside from the killing of the Arise News Anchor, they are charged with armed robbery involving other residents at the estate where Somtochukwu was killed.
All of them pleaded not guilty.
Defendants to be remanded in Kuje Correctional Facility.
News
Suicide bomber Kills Five Soldiers in Borno Waylaid
Security sources said that the attack occurred as troops were returning from a successful clearance operation that dislodged several insurgent camps and neutralised many fighters.
Five soldiers were killed while several others sustained injuries when a suicide bomber rammed an explosive-laden vehicle into a military convoy at the Timbuktu Triangle axis of Borno State.
Security sources said that the attack occurred Tuesday as troops were returning from a successful clearance operation that dislodged several insurgent camps and neutralised many fighters.
Two senior officers, a Major and a Lieutenant, were among those affected.
The military has yet to issue an official statement, as clearance operations are still ongoing in the area.
News
Ogun Govt Suspends Selection of New Awujale to prevent mayhems
Hon. Hamzat added that the decision was taken proactively to prevent any breakdown of law and order and to ensure that the eventual emergence of a new Awujale follows due process acceptable to all stakeholders.
The Ogun State Government has again suspended the ongoing process for the selection of a new Awujale of Ijebuland.
In a statement issued on behalf of the State government, the Honourable Commissioner for Local Government and Chieftaincy Affairs, Hon. Ganiyu Hamzat, said the decision became necessary following several complaints and intelligence reports received from security agencies and other key stakeholders involved in the selection process.
The government described the Awujale stool as one of the foremost and most prestigious traditional institutions in Yorubaland and Ogun State, noting that the stature of the immediate past Awujale, Oba Sikiru Kayode Adetona, who reigned for 65 years, further elevated the global prestige and reverence of the throne.
According to the commissioner, the prominence of the stool and the legacy of the late monarch have placed intense public attention and scrutiny on the emergence of the next Awujale, making it imperative for the state to act decisively to safeguard public order and uphold the dignity of the institution.
“The State Government has received several petitions, reports from security agencies and other key stakeholders in relation to the ongoing selection process.
In order to maintain public order, protect the integrity of the process and preserve the veneration of the stool, it has become imperative to halt the selection process at this time,” the statement read.
The government explained that its action was backed by the provisions of the Obas and Chiefs’ Law of Ogun State, 2021, which empowers the Executive Council to set aside an appointment if it is deemed necessary in the interest of peace, order and good governance.
Hon. Hamzat added that the decision was taken proactively to prevent any breakdown of law and order and to ensure that the eventual emergence of a new Awujale follows due process acceptable to all stakeholders.
Consequently, the state government directed that the decision be formally communicated to the Awujale Kingmakers Council and the Fusengbuwa Ruling House.
The ruling house was specifically advised to await further directives from the government regarding the continuation of the selection process.
The development has temporarily stalled the succession process to the highly respected Awujale throne, as the government reviews the situation to ensure a peaceful, transparent and credible outcome.
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