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
Alcohol Manufacturers Seek Tinubu’s Intervention as Tension Persists with NAFDAC
“We are not criminals. We are workers. We are producers. We are taxpayers. We are Nigerians.”
SACHETS alcohol manufacturers have again confronted the NAFDAC Lagos Office demanding that the agency reopen their sealed warehouses, indigenous factories and depots across the country.
Chanting “No Work for Us, No Work for You”, and “We are not criminals. We are workers. We are producers. We are taxpayers. We are Nigerians ,” the workers accused the agency, under the leadership of Mojisola Adeyeye, of shutting down entire manufacturing facilities instead of applying what the union termed “controlled and targeted regulation.”
They called for urgent intervention from Bola Ahmed Tinubu, the Senate, the House of Representatives, governors, traditional rulers, religious leaders, and civil society groups.
During the protest on Wednesday, Comrade Anthony Oyaga, Secretary of the Food, Beverage and Tobacco Senior Staff Association (FOBTOB), described the situation as one marked by “deep pain, growing fear, and a heavy sense of injustice.
According to the FOBTOB, multiple facilities producing sachet products and 10cl PET bottled beverages have been sealed nationwide, including warehouses containing other lawful products unrelated to the targeted items.
“This is not regulation; this is calculated economic suffocation,” said the union, adding that factories are not just buildings; they are ecosystems.”
The statement emphasised, listing transporters, raw material suppliers, distributors, retailers, market women, warehouse operators, artisans, and logistics workers as part of the affected chain.
News
Senate demands sack of CAC boss, over defiance of summons
…The CAC head had never personally appeared before the committee, often citing official engagements or foreign trips as reasons for his absence.
The Senate Committee on Finance on Thursday called on President Bola Tinubu to sack Hussaini Magaji, the Registrar-General of the Corporate Affairs Commission (CAC), over what the lawmakers described as his persistent refusal to honour invitations to appear before the panel.
The committee made the recommendation citing Magaji’s repeated absence from its sessions, where he was expected to provide explanations on the commission’s revenue profile and operational performance since he took over the office.
The lawmakers noted that despite several summons, the CAC boss has consistently failed to show up in person.
Sani Musa, the Committee Chairman, announced the resolution during a budget defence session attended by Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, and Atiku Bagudu, the Minister of Budget and Economic Planning, who appeared before the panel to present their proposals for the 2026 fiscal year.
Other chief executives under the committee’s supervision, including representatives of the Nigeria Revenue Service, the Tax Ombudsman Office, the Nigerian Customs Service and the Office of the Attorney-General of the Federation were present at the hearing.
However, the CAC Registrar-General did not attend and instead delegated a subordinate officer to represent the commission.
The recommendation for Magaji’s removal was moved by Orji Kalu, representing Abia North.
The former Abia State governor expressed frustration over what he described as the registrar-general’s consistent disregard for the committee’s invitations.
Kalu argued that if cabinet ministers, who occupy higher constitutional offices, could respond to legislative summons, there was no justification for the CAC chief to repeatedly decline appearances.
“This man is not above the law,” Kalu said during the session.
“The ministers of finance and budget are here because we invited them. Yet this registrar-general believes he is bigger than the Senate. That cannot continue.”
He further said that since his return to the Senate, the CAC head had never personally appeared before the committee, often citing official engagements or foreign trips as reasons for his absence.
News
Oluremi Tinubu Bags Warri Traditional Title ‘Utukpa-Oritse of Warri Kingdom’
The First Lady of Nigeria Senator Oluremi Tinubu whose mother hails from Warri in Delta State was conferred with the traditional title of Utukpa-Oritse of Warri Kingdom alias Ugbone meaning the Light of God.
Nigeria’s First Lady, Senator Oluremi Tinubu has been conferred with the title, Utukpa-Oritse of Warri Kingdom, by Olu of Warri Ogiame Atunwatse III.
Busola Kukoyi, SSA Media to the First Lady of the Federal Republic of Nigeria, said that the title was conferred on the First Lady during her homecoming to Warri Kingdom in Delta State where she was received by the paramount ruler of the Kingdom, Olu of Warri Ogiame Atunwatse III.
“The Olu of Warri, Ogiame Atunwatse III in his remarks urged everyone that by doing away with past hurts and grievances, there would be peace, progress and prosperity.
The monarch stated that the entire kingdom is proud of the First Lady of Nigeria.
He said:
“We are proud of who you are, who you have become.
Our women know how to take very good care of their husbands. Thank you for being a very good example to our girls and women”.
The First Lady of Nigeria Senator Oluremi Tinubu whose mother hails from Warri in Delta State was conferred with the traditional title of Utukpa-Oritse of Warri Kingdom alias Ugbone meaning the Light of God.

In Picture: L-R Former Governor of Delta State, Dr Ifeanyi Okowa, First Lady of Delta State Deaconess Tobore Oborevwori, the Olu of Warri Kingdom, Ogiame Atunwatse III, First Lady of Nigeria Senator Oluremi Tinubu and the Delta State Governor, Rt Hon Sheriff Oborevwori during Senator Tinubu’s conferment with the title,Utukpa-Oritse of Warri Kingdom by the Olu of Warri Kingdom on Thursday 26th February 2026.
In her remarks, Senator Oluremi Tinubu called for more unity across the nation among citizens
The First Lady specifically appealed to the people of the kingdom to come together, irrespective of their differences.“the bible tells us in Psalm 133 verse 1 to 3 that it is pleasant to dwell together in unity, for there is where God commanded blessings”.
She assured the people who turned out in their numbers of continued support and commitment of government, noting that the state governor had been doing a good job so far in the State.
Senator Oluremi Tinubu once again, on behalf of the Renewed Hope Initiative RHI donated a sum of fifty million naira to 1000 women petty traders.
Earlier, the State Governor Rt Hon Sheriff Oborevwori explained that the First Lady who had visited the state three times, and twice when he was still in another political party and now when he had crossed over to APC, had shown tremendous love and sincerity in the care of Nigerians by this.“
She has a large heart and those visits where she flagged off the women petty traders empowerment and the launch of the free to shine campaign encouraged me to make up my mind.
May God continue to empower you to continue to put smiles on the faces of more Nigerians.”
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