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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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BREAKING: Two-Storey Building Collapses in Ajuwon, Residents Feared Trapped

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A two-storey residential building has collapsed along Baale Road (also referred to as Baale Street) near Ajuwon Bus Stop in Ajuwon/Akute, Ifo Local Government Area of Ogun State, on Monday, 27 July 2026, leaving several occupants feared trapped under the rubble.

The incident, which occurred in the Lagos-Ogun border community, triggered panic among residents and passers-by as the structure gave way unexpectedly. Crowds quickly gathered at the scene while waiting for emergency responders. Eyewitnesses described chaotic scenes of people attempting to dig through the debris by hand.

According to one eyewitness identified as Anthony, only a single male occupant managed to escape before the building became completely inaccessible. The survivor reportedly told those at the scene that his wife and children remained trapped inside.

Preliminary reports indicate that at least three people — including a grandmother, her toddler grandchild, and another man — have been rescued from the rubble and taken to hospital. Several others are still feared trapped. The exact number of people affected, including any injuries or fatalities, has not been officially confirmed by authorities at the time of reporting.

The Executive Chairman of Ifo Local Government, Hon. Idris Kusimo, has arrived at the scene and is coordinating with residents and responders. Rescue operations involving locals and emergency personnel are ongoing.

Urgent Appeal
An urgent call has gone out to the Ogun State Government, Ogun State Emergency Management Agency, relevant state fire and rescue services, the National Emergency Management Agency (NEMA), and all other emergency responders to immediately mobilise fully equipped teams to the location to rescue those still trapped beneath the debris.

Further updates will follow as official information becomes available. Residents in the area are advised to stay clear of the site to allow unhindered access for rescue teams.

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TCN Foils Theft Attempt, Recovers Tower Members at Bauchi Substation

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The Transmission Company of Nigeria, TCN, foiled an attempted theft at its 330/132kV transmission substation in Bauchi on Friday, July 24, 2026, at about 9:34pm.

Security personnel at the substation intercepted suspected vandals attempting to remove critical tower members. The suspects fled the scene on sighting the guards.

An inspection of the area led to the recovery of 12 transmission tower angle irons, one heavy-duty metal measuring scale, and a white pickup truck believed to have been used for the operation.

The recovered items and the vehicle have been handed over to the Railway Division Police Station, Bauchi, for further investigation.

No equipment was carted away and no injuries were recorded during the incident.

TCN commends the prompt response of its security team, whose vigilance prevented the theft of or damage to critical transmission infrastructure.

TCN reiterates the need for host communities to report suspicious activities around power installations to security agencies or the nearest TCN office.

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ISWAP Finance Chief Surrender To Nigeria Military

The senior operative surrendered to troops of 3 Battalion under 24 Task Force Brigade at about 06:45 WAT on 25 July along the Ladari-Jegarawa-Tunokalia axis of the Gamboru-Wulgo Main Supply Route. He arrived with two male children, voluntarily laying down his arms before the troops.

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Credit: Operation HADIN KAI

Military authorities confirmed on Monday a senior Islamic State West Africa Province (ISWAP) finance operative, has surrendered to Operation HADIN KAI in Nigeria’s North-East.

Acting Military Information Officer, Headquarters Joint Task Force (North East) Operates HADIN KAI, Captain Mohammed Goni, disclosed this in a statement, emphasising that the surrender followed coordinated land and air offensives that have intensified pressure on terrorist enclaves, contributing to a growing wave of defections.

The senior operative surrendered to troops of 3 Battalion under 24 Task Force Brigade at about 06:45 WAT on 25 July along the Ladari-Jegarawa-Tunokalia axis of the Gamboru-Wulgo Main Supply Route.

He arrived with two male children, voluntarily laying down his arms before the troops.

Preliminary profiling by the Theatre Command identified the individual as the chief finance operative of the ISWAP enclave at Jubillaram, where he reportedly managed the terrorist group’s financial activities and logistics support.

Military authorities further disclosed that about 46 terrorists and their family members have voluntarily surrendered in recent days, suggesting that the combination of kinetic operations and intelligence-led campaigns is steadily weakening ISWAP’s cohesion and sustainment capabilities.

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