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.
A building has collapsed at 333 Borno Way, Alagomeji, in the Ebute Meta area of Lagos, Nigeria, sparking urgent rescue and emergency response efforts.
The incident occurred today, September 15 and emergency services have since been deployed to the scene. The exact cause of the collapse is still under investigation, and it remains unclear how many people may be trapped or injured.
Dr. Femi Osanyintolu, the Permanent Secretary of the Lagos State Emergency Management Agency (LASEMA), has urged members of the public and concerned relatives to contact him directly for verified information and updates regarding the ongoing situation.
Residents are strongly advised to steer clear of the area to allow emergency crews full access for rescue operations.
More details to follow as the story develops.
News
Abimbola Adebisi is new PPRO Lagos Command
Adebisi brings “a wealth of academic, professional, and operational experience” into her new role.
•Abimbola Adebisi
The Inspector-General of Police, Kayode Egbetokun, has approved the appointment of Superintendent of Police Abimbola Adebisi as the new Police Public Relations Officer for the Lagos State Command.
In a statement issued on Monday by the Deputy Police Public Relations Officer, Babasayi Oluseyi, on behalf of the Commissioner of Police, the Command said Adebisi brings “a wealth of academic, professional, and operational experience” into her new role.
The new PPRO holds a BA (Ed) in English Language and Literature from Tai Solarin University of Education, a Postgraduate Diploma in Peace Studies and Conflict Resolution, and a Master of Arts (MA) in English Language from the National Open University of Nigeria.
Her appointment comes after the previous spokesperson, Benjamin Hundeyin was promoted to the position of the Force Public Relations Officer.
The statement further noted her professional training, “She has a Certificate in Child Protection from the Kofi Annan International Peacekeeping Training Centre, Accra, Ghana, alongside certifications in Human Rights, Human Psychology, and Conflict Management.“
She has equally attended the Advanced Detective Course at the Police Staff College, Jos.”
Image credit : Reuters
Guinness World Record on Monday officially confirmed Nigerian celebrity chef Hilda Baci’s largest serving of Nigerian-style jollof rice, with a staggering total weight of 8,780 kilogrammes (19,356 lb 9 oz).
Announcing the confirmation via X (formerly Twitter), Guinness World Records wrote: “New record: Largest serving of Nigerian style jollof rice – 8,780 kg (19,356 lb 9 oz) achieved by Hilda Baci and Gino in Victoria Island, Lagos, Nigeria.
The feat was accomplished in partnership with food brand Gino at Victoria Island, Lagos, and has now been formally recognized by Guinness World Records.
Baci, who first rose to global fame with her headline-grabbing cook-a-thon in 2023, has once again placed Nigerian cuisine on the world stage with this remarkable achievement.
Ahead of the confirmation, Guinness World Records had sent her words of encouragement, reposting a video from the Friday event and writing:“What’s cookin’?
Best of luck to @hildabacicooks who’s attempting a new record for the largest serving of Nigerian-style jollof rice today.
The record-breaking cooking event was held at the Eko Hotel and Suites, attracting a massive crowd of supporters, celebrities, and food enthusiasts who gathered to witness history being made.
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