Connect with us

News

Nigerians groan over effects of 7.5% VAT on petrol prices

Published

on

164 Views

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.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Insecurity: Plateau’s SUBEB Shuts Schools Over Safety Concerns

According to the directive, Government Junior Model Secondary Schools will shut down from Saturday, November 22, 2025, while Primary and Day Schools are to close from Monday, November 24, 2025.

Published

on

By

21 Views

The Plateau State Universal Basic Education Board has ordered the immediate closure of all basic schools across the state.

According to the directive, Government Junior Model Secondary Schools will shut down from Saturday, November 22, 2025, while Primary and Day Schools are to close from Monday, November 24, 2025.

The Board says the decision is a preventive measure, taken to address emerging concerns and reassure the public that the safety and wellbeing of learners remain a top priority.

Parents, guardians, school authorities, and community leaders have been urged to comply with the directive and stay vigilant.

Continue Reading

News

Abuja UN House Bombing : Court Fix December 5 for Continuation of Trials

The DSS accuse the five terror suspects led Al-Barnawi, of being the masterminds of the August 26, 2011, bombing of the United Nations Complex in Abuja.

Published

on

By

26 Views

UN Complex Bombing: Court Admits Evidence in DSS Case Against Al-Barnawi, Other Terror Suspects

A Federal High Court sitting in Abuja on Friday admitted in evidence three video clips supplied by the Department of State Services (DSS) to puncture claims of duress by five suspected masterminds of the 2011 bombing of the United Nations complex in Abuja facing trial.

The presiding judge, Justice Emeka Nwite, fixed December 5 for continuation of the trial-within-trial of five defendants, including Khalid Al‑Barnawi.

The trial -within – trial, will involve the playback of video clips in the courtroom to determine the veracity of claims by the defendants that they made their extra-judicial statements before the DSS under duress.

The DSS accuse the five terror suspects led Al-Barnawi, of being the masterminds of the August 26, 2011, bombing of the United Nations Complex in Abuja.

At least 20 people were killed and more than 70 others injured in the attack.Captured in 2016, Al-Barnawi is facing trial alongside four other terror suspects – Mohammed Bashir Saleh, Umar Mohammed Bello aka Datti, Mohammed Salisu, and Yakubu Nuhu aka Bello Maishayi.

The trial suffered several delays due to legal and procedural challenges thrown up by the defendants, including the absence of legal representation on several occasions the suspects were brought to court.

However, all that changed after Mr. Oluwatosin Ajayi’s appointment as Director – General, with him insisting on speedy trial for suspects he inherited as well as for those arrested under his watch.

The DSS recently requested the court to grant accelerated hearing in the case, a request Justice Nwite granted, same way judges trying DSS cases against terror suspects Mahmud Muhammad Usman aka Mahmuda, Muhammed Usman aka Abu Bara’a, as well as those standing trial in the Yelwata and Benue massacres, have obliged the DSS DG’s request for speedy trial.

Following the conclusion of playing back the video clip of the first defendant, Justice Nwite fixed December 5 for the commencement of playing back the video clips of the on other defendants.

Earlier on Friday, Justice Nwite had admitted the extra-judicial statements made by three other persons charged by the DSS for alleged terrorism.

The trio are being tried for allegedly spying on the US, and Israel s interests for certain individuals in Iran.

Haruna Ali Abbas, Ibrahim Hussaini Musa and Adam Sulaiman were accused of spying on the US, and Israel ‘s interests for individuals in Iran.

The case, which had been ongoing since 2014 and re-assigned multiple times, reached a point in August 2025 during a trial-within-trial to determine if the defendants’ alleged extra-judicial statements were made voluntarily or under duress.

While the defendants claimed that they were coerced, harassed and intimidated to make their statement, the prosecution held that the statements were made voluntarily.

The prosecution claimed that the accused persons read through the statements, through the cautionary words and signed, hence, should be admitted in evidence. Justice Nwite who ordered a trial within trial allowed both parties to call witnesses who gave evidence.

The prosecution who called three witnesses said they conducted their operations within the best standard procedure, as they paid attention to the welfare of suspects in their custody in terms of food and medication while also allowing them access to their families.

The defendants on the other hand recounted their alleged torture in the DSS facility, alleging that they were beaten and given inhuman treatment.

After hearing arguments from both the prosecution and defense counsel, Justice Nwite ruled that the defendants statements be admitted in evidence.

The Judge held that the prosecution through the witnesses proved to the court that they were not forced to make their statements.Justice Nwite after admitting the statements as exhibits adjourned the matter to January 22, 2026 for substantive hearing.

Continue Reading

News

VP Shettima Representing Nigeria At G20 Leaders’ Summit

President Tinubu would have been there in person for participation but shelved the plan owing to the recent abduction incidents in Kebbi, Kwara and Niger State.

Published

on

By

20 Views

Vice President Kashim Shettima departed Abuja today to represent President Bola Tinubu at the G20 Leaders’ Summit in Johannesburg, South Africa.

The Summit, scheduled to take place from Saturday, November 22nd, to Sunday, November 23rd, at the Johannesburg Expo Centre, brings together leaders from the world’s top 20 economies, including the European Union, the African Union, financial institutions, among others.

President Tinubu would have been there in person for participation but shelved the plan owing to the recent abduction incidents in Kebbi, Kwara and Niger State.

Stanley Nkwocha, Senior Special Assistant to the President on Media & Communications (Office of TheVice President), disclosed that President Cyril Ramaphosa, the South African leader who also serves as the current President of the G20 group had invited his Nigerian counterpart to participate in this year’s edition.

The Vice President will return to Nigeria at the end of the engagements.

Continue Reading

Trending