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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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FG to reopen Enugu–Onitsha expressway March 31

Once regarded as one of the region’s most dangerous highways, the Enugu–Onitsha Road had long been plagued by tanker explosions, fatal accidents, and economic disruptions. Umahi said decisive intervention by the Tinubu administration has changed the trajectory.

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The federal government directed that the Enugu–Onitsha Expressway be reopened for public use on or before March 31.

Minister of Works, Senator David Umahi, declared during an inspection of ongoing projects in Enugu, including the Enugu–Onitsha Expressway and the Eke-Obinagu Flyover.

Umahi said :

“I have given the controller the authority. By the 31st or before, he should call the press to open this road.

Call the people of South-East, let them know that this road is open for travel, and that will be our Easter celebration.”

Umahi expressed confidence that the era of frequent fatal accidents, endless traffic, and public frustration along the expressway is coming to an end.

“I’m going around the six geopolitical zones assessing what is possibly to be commissioned before May 29 by the president. There are mega projects that the president will be available for before May 29, and we mean it,” he said.

Once regarded as one of the region’s most dangerous highways, the Enugu–Onitsha Road had long been plagued by tanker explosions, fatal accidents, and economic disruptions. Umahi said decisive intervention by the Tinubu administration has changed the trajectory.

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Nigeria partner Japan to redevelop Abuja Master Plan

It is very key for us because I know the design of Abuja was done by Japan, and now they need to look at it again in order to carry out further structural development.

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The Minister of the Federal Capital Territory (FCT), Nyesom Wike, announced a strategic partnership with the Government of Japan to change the 1979 Abuja Master Plan.

The move, aimed at aligning the city’s growth with modern realities through the year 2050, was the highlight of a courtesy visit by a high-level Japanese delegation to the FCT Ministry on Tuesday.

The delegation was led by the Japanese Ambassador to Nigeria, Mr. Suzuki Hideo, and the Chief Representative of the Japan International Cooperation Agency (JICA) Nigeria, Mr. Ishigame Keiji.

During the meeting, Barrister Wike expressed profound appreciation for Japan’s historical and technical contributions to Nigeria.

He emphasised that the original blueprint of the FCT owes much to Japanese expertise.

“On behalf of the FCT Administration, I appreciate the relationship between Nigeria and Japan,” Wike said.

“I am fully aware of the projects through JICA. It is very key for us because I know the design of Abuja was done by Japan, and now they need to look at it again in order to carry out further structural development.”

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Minister of Power Apologise To Nigerians Over Blackouts

“I can tell you, with the committee that we have set up, and commitments from gas suppliers, and the timeline for repair of the gas pipelines, two weeks from now, we should start seeing improvements in supply. Two weeks,” Adelabu said.

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The Minister of Power, Adebayo Adelabu, has apologised to Nigerians over the prolonged and severe electricity outages recorded in recent weeks across the country.

He acknowledged the strain the outages have caused on households and businesses in key sectors of the economy.

“I want to apologise to Nigerians, officially now, coming from me as the Minister of Power, for this temporary issue that is leading to hardship being experienced, especially during this dry season, where there is so much heat everywhere,” Adelabu said at a press briefing in Abuja on Tuesday

He admitted that the ongoing blackouts has worsened living conditions, particularly during the intense dry-season heat.

“Businesses are being affected, schools have been affected, and industries have been affected. It is not our wish to find ourselves in this situation, but it is due to some factors that are actually beyond our control, ”said Adelabu.

Despite the disruptions, Adelabu assured citizens that the situation would soon improve, offering a clear timeline for restoration of better power supply.

“I can tell you, with the committee that we have set up, and commitments from gas suppliers, and the timeline for repair of the gas pipelines, two weeks from now, we should start seeing improvements in supply. Two weeks,” Adelabu said.

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