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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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NDLEA Arrests Wanted Drug Baron, Seizes Tons of Skunk in Raids

NDLEA further confirmed that it seized $11,600; ⁠2,000 British Pounds; 2,200 Euros and 50 Canadian dollars all in cash from the suspect at the point of his arrest.

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The National Drug Law Enforcement Agency (NDLEA) has arrested a wanted drug baron, Frank Ibemesi, alias Chisco Bee.

NDLEA spokesman, Femi Babafemi, disclosed that Chisco Bee who operates under the cover of being a businessman and hotelier, is the MD/CEO of Franc CJ Ibemesi Nig Ltd.

Babafemi disclosed that Chisco Bee was arrested at his Daisy Garden Hotel, in Ago palace way, Isolo Lagos.

He was then taken to his warehouse where 42 jumbo bags and four cartoons of Loud were recovered.

NDLEA further confirmed that it seized $11,600; ⁠2,000 British Pounds; 2,200 Euros and 50 Canadian dollars all in cash from the suspect at the point of his arrest.

NDLEA also confirmed that operatives foiled attempt by a drug syndicate in Osun state to load and distribute large quantities of processed skunk, across the country.

Two trucks used to transport the illicit consignment were seized and seven suspects arrested.

The peddlers are Lucky Abiodun; Julius Amos; Victor Ngbikili; Sunday Oduegwu; Ibrahim Akanni; Eze Godstime; and Fred Ifeanyichukwu.In Edo State, NDLEA said it recovered a total of 1,902.1 kilograms of skunk.

While 184.1kg was recovered along a bush path in Igbanke, in Orhionmwon LGA , 672kg was evacuated from Utese forest, Ovia North East LGA with 494kg recovered along Benin-Akure road where a suspect, 45 year old Felix Edah was arrested.

The NDLEA also confirmed the arrest of four suspects: Micheal Okoh; Offor Agada; Raphael Nkemjika and Nwabueze Franklin for being in possession of 68kg skunk and 3.150kg methamphetamine.

They were arrested along Ijebu-Ode expressway in Ogun state just as Danjuma Tukura, was nabbed with 172kg skunk at Sunkani area of Ardo Kola LGA, of Taraba state and Wisdom Titus was nabbed with 84kg of same substance at Takum area of the state.

NDLEA made several other similar arrests in Adamawa, Kwara States even as it intensified its fight against drug crime in Nigeria.

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Crime

DSS Cracks Down on Plateau Violence, Arms Recovery

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The Department of State Services has recorded another breakthrough, arresting a man believed to be a major supplier of weapons to armed groups.

This comes Three months after arraigning suspects in the Yelwata and Plateau massacres.

In a significant breakthrough, operatives of the Department of State Services (DSS) arrested Musa Abubakar, a suspected arms manufacturer, in a targeted raid on November 12th.

The operation took place at his workshop in Mista Ali, Bassa Local Government Area of Plateau State.

The arrest followed weeks of meticulous surveillance and the gathering of credible intelligence.

According to investigators, Abubakar confessed to manufacturing and distributing high-caliber weapons and ammunition.

These weapons were allegedly supplied to groups responsible for the recent violent attacks in Plateau State and other northern states.

Authorities seized a cache of evidence during the raid, including components of improvised explosive devices, various chemicals, and equipment used in the manufacturing process.

The DSS is continuing its investigation, aiming to identify and apprehend other individuals involved in the arms supply chain and bring them to justice.

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JUST IN: Governor Mutfwang Disassociate Self From Motion Expelling Wike, Fayose, Anyanwu, others From the PDP

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….Fintiri Abandons Convention after Wike’s Expulsion

The Executive Governor of Plateau State, His Excellency Barr. Caleb Manasseh Mutfwang, has formally distanced himself from the expulsion of the Minister of the Federal Capital Territory (FCT) and former Governor of Rivers State, Barr. Nyesom Wike; former governor of Ekiti State, Ayodele Fayose; Samuel Anyanwu alongside other leaders of the People’s Democratic Party (PDP).

In a press statement, Governor Mutfwang clarified that the subject was neither discussed by Governors Forum nor at NEC before the motion was presented. He emphasized that the proposal does not reflect his position on the matter.

Governor Mutfwang further noted that expelling the party leaders at this crucial time is not a strategic step toward resolving the internal challenges currently confronting the PDP.

He reiterated the need for unity, dialogue, and collective effort in rebuilding and repositioning the party.

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