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
Tinubu, Shettima , Jonathan highlight political lessons from Gowon ‘s autobiography ‘My Life of Duty and Allegiance.’
Gowon, on his part, explained that he wrote the memoir to tell his truth rather than settle scores. “My story and that of Nigeria became intertwined,” he told the audience, describing the book as his “modest attempt to document the opportunity I had to serve Nigeria”.
Former Head of State Gen Yakubu Gowon (retd) on Tuesday launched an autobiography, titled ‘My Life of Duty and Allegiance.’
The book launch was graced by Former President Goodluck Jonathan ; Vice‑President Kashim Shettima, former Head of State Gen. Yakubu Gowon (rted) with his wife Victoria, Former Chief of Defence Staff, Gen. Martin Luther Agwai (rted) Sultan of Sokoto, Muhammadu Sa’ad Abubakar III , and former Head of State, Abdulsalami Abubakar, among other VIPs.
Speaking during the public presentation of the book at the Bola Ahmed Tinubu International Conference Centre, the president, who was represented by Vice-President Kashim Shettima, urged that the memoir be widely circulated to preserve historical memory and strengthen national unity.
President Tinubu emphasised that accounts from leaders who lived through defining moments are essential to deepening democratic stability.
“A nation that misplaces its memory soon begins to quarrel with its own reflection. A society without memory becomes an orphan in time,” he said.
Tinubu told the gathering that Gowon’s reflections arrive at a critical juncture for Nigeria and West Africa, where insecurity, economic pressure and social fragmentation persist.
He praised Gowon’s post-civil war reconciliatory stance, particularly the “No victor, no vanquished” declaration, as a principle that “helped preserve Nigeria’s unity after the civil war”.
Former President Goodluck Jonathan agreed to that Yakubu Gowon’s “No victor, no vanquished” declaration after the Nigerian civil war helped to create the basis for national healing across the country.
Jonathan lauded the former military head of state for his role in strengthening unity, promoting reconciliation and supporting youth development.
He described Gowon as a “living testimony” of leadership during one of Nigeria’s most consequential eras.
Gowon, on his part, explained that he wrote the memoir to tell his truth rather than settle scores. “My story and that of Nigeria became intertwined,” he told the audience, describing the book as his “modest attempt to document the opportunity I had to serve Nigeria”.
He cautioned Nigerians ahead of the 2027 election against listening to “naysayers”, insisting that the nation “did not fail under my watch” and “will never fail despite the country’s challenges”.
News
Nigeria-U.S kills 175 ISIS terrorists in fresh strikes – DHQ
The operations had also led to the destruction of terrorist checkpoints, weapons caches, logistics hubs, military equipment, and financial networks used to sustain insurgent activities.
•Director of Defence Information, Maj.-Gen Samaila Uba
The Defence Headquarters (DHQ) has announced that no fewer than 175 ISIS terrorists were killed on Tuesday in ongoing joint counterterrorism operations conducted by Nigerian troops and the United States Africa Command (AFRICOM) in Northeast Nigeria.
The military high command said that the coordinated operations, which commenced a few days ago, have continued to record significant successes against ISIS and ISWAP elements operating in the region.
This was contained in a statement issued by the Director of Defence Information, Maj.-Gen Samaila Uba.
According to the DHQ, the latest assessment as of May 19, 2026, showed that 175 ISIS militants had been eliminated from the battlefield through sustained ground and air assaults.
The statement noted that the operations had also led to the destruction of terrorist checkpoints, weapons caches, logistics hubs, military equipment, and financial networks used to sustain insurgent activities.
News
US Nigeria military eliminate more than 20 ISIS/ISWAP fighters in latest airstrike
Terrorists who threaten our citizens, communities and national stability will be located and defeated.
• US President Donald Trump
The United States Africa Command (AFRICOM) said Monday the U.S. and Nigerian forces carried out further strikes on ISIS targets on May 17, 2026 and eliminated more than 20 ISIS/ISWAP fighters in Nigeria’s North-East region.
In a statement posted on its official X handle on Monday, the combatant command said that the latest operation comes three days after had eliminated a senior ISIS commander and one of the world’s most wanted terrorists, Abu Bilal al-Minuki, during an operation conducted on Friday.
The statement reads:“On May 17, 2026, U.S. Africa Command, in coordination with the Government of Nigeria, conducted additional kinetic strikes against ISIS in Northeastern Nigeria.
“Intelligence confirmed the targets were ISIS militants. Complete assessments are ongoing. No U.S. or Nigerian forces were harmed.
“The removal of these terrorists diminishes the group’s capacity to plan attacks that threaten the safety and security of the U.S. and our partners.”
AFRICOM added that it remains committed to deploying specialised U.S. capabilities in support of partner nations to counter shared security threats and degrade terrorist networks operating across the region.
The Director Defence Information (DDI), Maj.-Gen. Samaila Uba, added that the multiple air strikes followed observed convergence and migration of terrorist elements, resulting in the elimination of more than 20 ISIS/ISWAP fighters.
“The Armed Forces of Nigeria will continue to aggressively defend the sovereignty, security and territorial integrity of the nation.
Terrorists who threaten our citizens, communities and national stability will be located and defeated.
“There will be no haven for all terrorists anywhere in Nigeria” the statement said.
-
News2 days agoAbu-Bilal al-Minuki: Deadly But Harmless Looking – Poison Dart Frog
-
Business2 days agoPenCom bracing up to invest in Dangote Refinery’s IPO, urges PFAs
-
News2 days agoSenate Rule Amendment: Debate Should Focus on Institutional Stability, Not Personalities – Eyiboh
-
Business2 days agoDangote expands Investment in Ethiopia to $4bn
-
Sports2 days agoAfrican Athletics Championship: Team Nigeria wins 12 medals
-
Business2 days ago63% of Nigerians want interest rates reduced – CBN
-
Politics2 days agoDesmond Elliot cries out, ‘My security taken away, what have I done?’
-
Business2 days agoBOI Secures $200m fresh Loan from AfDB
