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
Lagos, FG Hold Stakeholders’ Meeting Over Coastal Highway Flooding
The Lagos State Government and the Federal Ministry of Works are meeting with key stakeholders today to address flooding concerns along the Lagos-Calabar Coastal Highway corridor.
The meeting, directed by President Bola Tinubu, brings together officials from the Lagos State Government, the National Assembly, the Federal Ministry of Environment and other stakeholders to agree on lasting solutions.
Minister of Works, Dave Umahi, says the coastal highway did not cause the flooding. Instead, he says the road’s culverts have improved the flow of stormwater, while existing drainage problems and poor waste disposal remain major causes of flooding in affected communities.
Umahi announced plans to build new drainage channels and service lanes, warning that some buildings will be demolished to make way for the project.
He also ordered stricter enforcement against illegal dumping, street trading and illegal parking along the corridor.
Chairman of the Senate Committee on Works, Allwell Heacho Onyesoh, backed the minister’s position, saying experts had shown lawmakers that flooding in Lagos predates the coastal highway.
The Federal Government says the meeting will produce a coordinated plan to improve drainage, protect infrastructure and reduce future flooding.
News
Senate hails Nigerian Army at 163
In a statement issued by the Chairman of the Senate Committee on Army, Senator Abdulaziz Musa Yar’Adua (APC, Katsina Central), said this year’s celebration marks 163 years of the Nigerian Army’s service to the nation.
The Senate on Monday congratulated the Chief of Army Staff, Lieutenant General Waidi Shaibu, officers, soldiers and veterans of the Nigerian Army on the occasion of the 2026 Nigerian Army Day Celebration, describing the anniversary as a significant milestone in the country’s military history.
In a statement issued by the Chairman of the Senate Committee on Army, Senator Abdulaziz Musa Yar’Adua (APC, Katsina Central), said this year’s celebration marks 163 years of the Nigerian Army’s service to the nation
The upper chamber also urged officers and soldiers to remain professional, steadfast and committed to their constitutional responsibilities, assuring them of the Senate’s continued support.
He noted that for more than a century, the Army has remained at the forefront of defending Nigeria’s sovereignty, territorial integrity and national security.
Commenting on the theme of the 2026 celebration, “Protecting the Nation and Serving the People: A Way Forward for the Nigerian Army,” Yar’Adua said it reflects the Army’s constitutional mandate and the importance of strengthening its relationship with the public.
News
NGE to host Lateef Jakande 2026 Memorial Lecture: “The Media, INEC, Voters and Path to Credible Elections.”
The Lateef Jakande Memorial Lecture is an annual lecture series instituted by the NGE in 2023 to honour the legacy of Alhaji Lateef Jakande, the late iconic journalist, who was one-time President of the Guild, former Lagos State Governor, and former Minister of Works.
Photo: Eze Anaba (President) NGE
The Nigerian Guild of Editors (NGE) will on July 23, 2026 host the 4th Lateef Jakande Memorial Lecture in Lagos.
The Lateef Jakande Memorial Lecture is an annual lecture series instituted by the NGE in 2023 to honour the legacy of Alhaji Lateef Jakande, the late iconic journalist, who was one-time President of the Guild, former Lagos State Governor, and former Minister of Works.
In a press statement signed by Eze Anaba (President) and Onuoha Ukeh (General Secretary), the lecture will holds at the Sheraton Hotel, Ikeja, Lagos, with theme: “The Media, INEC, Voters and Path to Credible Elections.” Time is 11am.
The Guild said that Prof Sylvester Odion Akhaine of the Department of Political Science, Lagos State University, will deliver the lecture, with former Governor of Ekiti State, Dr. Kayode Fayemi, as Chairman. Expected at the lecture is Lagos State Governor, Babajide Sanwo-Olu, who is the Chief Host and Special Guest of Honour; Minister of Information and National Orientation, Alhaji Mohammed Idris; elders of the Guild, including former Governor of Ogun State, Chief Segun Osoba and publisher of Vanguard group of newspapers, Uncle Sam Amuka; top government officials, managing directors and editors of print, electronic and online publications and civil society groups.
Also expected at the lecture are Mass Communication and Journalism lecturers and students of Caleb University, Ikorodu, Lagos; Lagos State University, Ojo, Lagos; Yaba College of Technology, Yaba, Lagos and Nigerian Institute of Journalism, Ogba, Lagos.
The statement said that the Lateef Jakande Memorial Lecture brings together media leaders, public officials, and civil society to reflect on nation-building, governance, and the role of the press, describing it as “a fitting tribute to Alhaji Jakande’s legacy, which embodies dedication to journalism, governance, and service to Nigeria.”
It added: “The Lateef Jakande Memorial Lecture continues to serve as a platform for thought leadership, policy debate, and national introspection, while keeping alive the standard Jakande set in journalism and public service.
“The Guild also said that University students are invited to the lecture every year for them “learn the value of service, excellence and dedication to journalism and public service as well as for them to connect with practising journalists who could serve as their role models in the profession.”
The Jakande Memorial Lecture started in 2023, with a lecture delivered by Chief Felix Adenaike, Fellow of the NGE.
In 2024, Prince Nduka Obaigbena, Chairman of ThisDay and Arise Mews TV, spoke on “Rapid Changing Media Landscape: Survival Strategies.”
The third edition last year had the theme: “Journalism and the Challenge of Nation-Building in a Multi-Ethnic Society” and delivered by Bauchi State Governor, His Excellency, Senator Bala Mohammed.
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