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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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I did not authorise manhandling of Obaseki, says Oba of Benin

The Benin monarch, who spoke in a statement signed by Secretary to the Benin Traditional Council, Frank Irabor, advised youth not to take the laws into their hands on any issue no matter the degree of provocation.

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The Benin monarch, Oba Ewuare II, has said that he never authorised the manhandling of a former Managing Director of Daar Communication, Dr. Pedro Obaseki.Oba Ewuare II said he remained a father of all.

The former Daar Communication boss was, last Sunday, abducted where he was playing football by suspected thugs.

He was beaten, stripped naked and paraded through the streets of Benin City on allegation of being an ‘Oghionba’ (enemy of the Oba).

Obaseki was taken to the Oba’s Palace from where he was taken to the police station.

He was beaten, stripped naked and paraded through the streets of Benin City on allegation of being an ‘Oghionba’ (enemy of the Oba).Obaseki was taken to the Oba’s Palace from where he was taken to the police station.

But the Benin monarch, who spoke in a statement signed by Secretary to the Benin Traditional Council, Frank Irabor, advised youth not to take the laws into their hands on any issue no matter the degree of provocation.

In the statement, “The Benin Traditional Council use this medium to inform the general public that the unfortunate incidence in which Pedro Obaseki was manhandled was not authorized by the Oba of Benin.

And it cannot be authorized because it is not in the character of our revered monarch to do so. The Oba of Benin is a peace-loving father to all.

“The Benin Traditional Council also wish to advice our youth not to take the laws into their hands on any issue no matter the degree of provocation.

They should always respect the laws of the land in all actions and utterances and allow appropriate Security Agencies handle all matters.

“Social media users should equally endeavour to cross-check information appropriately before posting.”

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Police arrests Kidnappers in “Love Nwantiti” with victims

During their captivity, the women reportedly pretended to reciprocate the suspects’ affections to survive, even exchanging phone numbers.

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Kaduna police have arrested two suspected kidnappers who allegedly developed romantic feelings for the women they abducted.

The suspects are accused of abducting and sexually assaulting two married women.

During their captivity, the women reportedly pretended to reciprocate the suspects’ affections to survive, even exchanging phone numbers.

Acting on intelligence, police intercepted and arrested the suspects at the meeting location on Tuesday.

After being released, the women continued communication with the suspects and arranged a meeting under the pretense of a romantic encounter.

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BREAKING: Kebbi Rice Mill Collapse , one dead, 5 trapped

The Kebbi State Government has expressed deep sympathy to the management and staff of NIA-AGRI following the partial collapse of a section of its rice mill in the state capital.

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Photo: Deputy Governor, Senator Umar Abubakar Tafida, who led a high-powered delegation on an on-the-spot assessment visit to the facility…

A tragedy has struck in Kebbi State as a private Rice Milks Located in Birnin Kebbi metropolis has collapsed causing the death of a staff member while five other persons were trapped under the metal wreckage of the facility.

Kebbi State Deputy Governor, Umar Tafida has visited the site, where rescue efforts are still ongoing to save the five trapped victims.

The Kebbi State Government has expressed deep sympathy to the management and staff of NIA-AGRI following the partial collapse of a section of its rice mill in the state capital.

Deputy Governor, Senator Umar Abubakar Tafida, who led a high-powered delegation on an on-the-spot assessment visit to the facility on Tuesday evening, said the visit was aimed at ascertaining the extent of the damage and overseeing the emergency response.

Tragically, the delegation was informed at the site by the Project Engineer that the incident had resulted in at least one fatality.

It was further reported that five other individuals remained trapped under the rubble as of the time of the visit, with intensive rescue operations ongoing.

A combined team of the State Fire Service and Government Emergency Response workers has been engaged in continuous efforts to locate and rescue the trapped workers.

The cause of the collapse is yet to be determined.

The Deputy Governor indicated that a full investigation would be launched once the rescue phase is concluded.

The Kebbi State Government has pledged to continue supporting the rescue operation until all affected individuals are accounted for.

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