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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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JUST IN: FG Vows Swift Rescue of Abducted Kebbi Schoolgirls, Reaffirms Duty to Protect Citizens

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The Federal Government has expressed deep concern over the abduction of female students from Government Girls Secondary School, Maga, in Danko/Wasagu Local Government Area of Kebbi State, assuring families of its unwavering commitment to securing the safe return of the victims.

In a statement on Monday, the government conveyed solidarity with the affected families, noting that it “shares in their pain” and is working urgently to bring the girls home.

President Bola Ahmed Tinubu reaffirmed that the protection of every Nigerian—especially schoolchildren—remains a paramount responsibility of the State. He condemned the attack, describing it as a “reprehensible assault on innocent students,” and mourned the school officials who were killed while performing their duties.

According to the statement, security and intelligence agencies have been issued strict directives to locate and rescue the abducted students and ensure that those responsible are brought to justice. The government pledged that it will not relent until the mission is accomplished.

The Federal Government also assured citizens that strengthening internal security remains a top priority, noting that efforts are underway to recalibrate the country’s military, policing, and intelligence architecture to better prevent and respond to threats.

Additionally, Nigeria is intensifying regional cooperation with ECOWAS, the African Union, and the Multinational Joint Task Force (MNJTF) to secure borders and disrupt terrorist and criminal networks.

The government urged the public to remain calm and confident as efforts to rescue the abducted students continue.

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Obasanjo, Fayose Trade Bitter Insults as Birthday Message Sparks Public Feud

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A heated exchange has erupted between former President Olusegun Obasanjo and former Ekiti State governor Ayodele Fayose after an explosive “thank you” message sent by Fayose triggered a public confrontation between the two political figures.

The rift stemmed from Obasanjo’s appearance at Fayose’s recent birthday celebration, during which the former governor claims the ex-president made “irresponsible comments.” In a sharply worded SMS released to journalists in Abeokuta on Monday by Obasanjo’s Special Assistant on Media, Kehinde Akinyemi, Fayose lashed out at the elder statesman, describing him in scathing terms.

In the message, Fayose wrote:
“Dear Baba Obasanjo, I trust this meets you well. Your coming to my birthday party, I appreciate, except for your very irresponsible comments at your age. You went so low but I am not surprised… someone once said you are supposed to be kept away in the zoo. Sincerely, that’s where you belong.”

Fayose added that he refrained from responding at the event “so that the world will know the difference between a sane and a mad man,” alleging that Obasanjo’s remarks reflected “heightened dementia.” He also demanded a refund of money he claimed to have given the former president, referencing Obasanjo’s public admission during the event.

Obasanjo responded curtly, saying Fayose’s message merely revealed “who and what you are, unchanged and unchangeable.” He confirmed he had returned the money through the individual who delivered it.

“Ayo, thanks for your ‘Thank You’ message… Your money has been sent back through Foluso Adeagbo who brought it and in the same bag as he brought it, unopened by me,” Obasanjo said.

The public spat has stirred widespread commentary, highlighting lingering tensions between the two outspoken political figures.

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BREAKING: Media Icon, Dan Agbese, passes on at 81

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A highly reverred media personality Dan Agbese is dead.According to a statement issued by the Agbese family of Ikpilogwu clan of Agila district, Ado Local Government Area of Benue State, he died on Monday.

“We hereby announce the passing away of our husband , father, grandfather, brother, uncle and mentor: Chief Dan Agbese, the Awan’Otun of Agila.

”“Chief Agbese transited to eternal glory this morning, Monday November 17, 2025. He was aged 81.“Burial arrangements would be announced by the family in due course.

“Born May 12, 1944 in Agila, Chief Agbese was a renowned journalist and author, famous for his seminal contributions to journalism practice in Nigeria and renowned for his satirical columns.

He was editor of The Nigeria Standard and New Nigerian newspapers, and General Manager of Radio Benue, Makurdi.“Chief Agbese was one of the founders of the trail-blazing Newswatch magazine and was until April 2010 its Editor-in-Chief.

“Before his passing, he wrote several books and maintained weekly columns in notable newspapers including the Daily Trust and The Guardian, while running a media consultancy with his friends and colleagues, Ray Ekpu, Yakubu Muhammed and Soji Akinrinade.

“He is survived by his wife , Chief Rose Agbese six children, and seven grandchildren.”

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