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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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HAPPENING NOW: Blackout hits Abuja, Embassies affected

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The Abuja Electricity Distribution Company (AEDC) has announced power outage in various parts of Abuja including hotels and diplomatic buildings.

The AEDC made the announcement in its verified X handle today.

It said the blackout also affected Bolingo Hotel, Wada Maida Building, which houses the headquarters of Sudan, Egypt embassies, Envoy Hotel, the European Union embassy, among others.

The other places affected by the blackout are the National Planning Commission (NPC), the National Hospital, and the Turkish, Pakistani, and Indian embassies.

“Also, Garki Area One, Two, Three, Seven and Eight; Garki village; Garki market; Ubiaja Street; Kaltungo Street; and Lagos Street have been affected.

“Also affected are Oka Akoko Street, Treasury House, Karibu Hotel, and part of Asokoro, such as Yakubu Gowon Street.

“Similarly, Imo Government Lodges, Gado Nasko Street, Justice Sowemimo, Hassan Musa Katsina Streets, part of Jasse Martin, NIA, and TY Danjuma Street are without power supply.

“It said also affected are Lugbe, Jedo, Forte Royal, Back Of Dunamics, Customs Quarters, Aviation Village Piwoye Kapwa Ok Water, Nicomsat, Korean School and Nnamdi Azikiwe International Airport,”.

It attributed the power outage to a technical fault.

“The technical team of the Transmission Company of Nigeria (TCN) is currently working to restore the power supply.

“We regret the inconvenience this may cause and appreciate your patience and understanding,” AEDC said.

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Burial begins for Oyo school teacher killed by JAS terrorist group

The deceased teacher is expected to be buried at his residence in the Owolake area of Ogbomoso.

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The burial arrangements for Adesiyan Adegboye, the teacher killed during last Friday’s coordinated attack on three schools in Oriire Local Government Area of Oyo State, began on Friday at Ayegun Baptist Church, Ogbomoso.

Adegboye, 49, was shot dead during the invasion carried out by armed bandits at Baptist Nursery and Primary School, Yawota, Community Grammar School, and L.A. Primary School, Esiele.

The deceased teacher is expected to be buried at his residence in the Owolake area of Ogbomoso.

The attackers reportedly stormed the schools around 9:30am, abducting several teachers and students during the operation that threw the communities into panic.

Following the incident, the Inspector-General of Police, Olatunji Disu, visited the affected area on Saturday and ordered the deployment of additional detectives from the Force Headquarters in Abuja to support ongoing rescue efforts.

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FG launches GovGuideNigeria to boost citizens governance access

GovGuideNigeria platform is accessible through WhatsApp and the web, and is available in English, Hausa, Igbo, and Yoruba to ensure wider accessibility for citizens across different linguistic backgrounds.

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The Minister of Communications, Innovation, and Digital Economy, Dr Bosun Tijan, has said that Nigerians can now access the government information and services through the newly launched GovGuideNigeria.

The artificial intelligence-powered platform was launched on May 21 by the government in collaboration with Meta, the National Centre for Artificial Intelligence and Robotics (NCAIR), and local developer partner Publica AI.

According to the Minister, the platform is accessible through WhatsApp and the web, and is available in English, Hausa, Igbo, and Yoruba to ensure wider accessibility for citizens across different linguistic backgrounds.

Tijani stated that the platform provides users with easy access to information from more than 35 federal ministries and over 60 government agencies.

He described the initiative as part of the government’s efforts to improve public service delivery through technology and digital innovation.

Sade Dada, Head of Public Policy, Meta, said during the launch “Meta’s open-source AI is critical to economic growth and productivity — and GovGuide Nigeria, is a clear example of what this looks like in practice.

Ignatius Willie, CEO, Publica AI said, “Today is not just a product launch. It is a step towards democratising how Nigerians engage with their government. With GovGuide Nigeria, we are not simply digitising access to public services; we are making them conversational, multilingual, and available on the channels Nigerians already use every day.

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