News

Nigerians groan over effects of 7.5% VAT on petrol prices

Published

2 years ago

June 19, 2023

181 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.

News

Insecurity: Lagos Will Remain Peaceful, says Sanwo-Olu

Published

11 hours ago

November 27, 2025

OCHEFA

27 Views

Lagos State Governor, Babajide Sanwo-Olu assures that the State will remain peaceful for residents and all visitors amidst the insecurity across the nation.

Sanwo- Olu gave the assurance on Thursday during a meeting of the Security Council.

In a statement, Gbenga Omotoso HC (Information & Strategy, disclosed that the state’s security Council, which comprises heads of Security agencies in the state, met at the State House, Marina.

At the routine meeting, which was chaired by Mr Sanwo-Olu, were the General Officer Commanding (GOC) 9 Brigade, Brig.-Gen. A.O. Owolabi, Group Capt. M.A. Imam, Commander 651 BSG, Nigerian Air Force, Commander NNS Beecroft Naval Base, Apapa, Commodore PP Nimmyel, Commissioner of Police Olohundare Moshood, representative of the Department State Services Director, A.B. Alade, Secretary to the State Government Barr. Abimbola Salu-Hundeyin, Chief of Staff to the Governor Tayo Ayinde, Chief Security Officer to the Governor CSP Fagbemi Adekunle, and Lagos State Security Trust Fund (LSSTF) Executive Secretary Ayo Ogunsan.

After being briefed by the security chiefs, Governor Sanwo- Olu expressed satisfaction with their reports and assured all Lagosians and visitors that the Yuletide will truly be a season of goodwill.

News

Police, PSC set up committee to recruit 30,000 new officers

The primary mandate of the Joint Ad-hoc Committee is to collaborate and brainstorm on creating a seamless, transparent, and efficient recruitment process.

Published

13 hours ago

November 27, 2025

OCHEFA

55 Views

• Police IGP, Kayode Egbetokun

The Police Service Commission (PSC) and the Nigeria Police Force (NPF) have set up a high-powered joint Ad-hoc Committee to drive the immediate commencement of the recruitment of 30,000 new officers.

The PSC disclosed this in a statement on Thursday, following the inauguration of the Ad-hoc Committee on Wednesday, 26th November, 2025 by the Chairman, Police Service Commission DIG Hashimu Salihu Argungu (rtd) at the Police Service Commission Corporate Headquarters, Jabi, Abuja.

The establishment of the committee followed the presidential directive to bolster the numerical strength of the NPF and enhance national security.

The primary mandate of the Joint Ad-hoc Committee is to collaborate and brainstorm on creating a seamless, transparent, and efficient recruitment process.

It added that the committee will work to ensure the exercise is conducted with the highest standards of integrity and merit.

News

US-Nigeria Security Joint Working Group (Full List)

Members of the Joint Working Group include the Minister of Foreign Affairs, Amb. Yusuf Maitama Tuggar, Minister of Defence, Mohammed Badaru Abubakar, Minister of Interior, Hon. Olubunmi Tunji-Ojo, Minister of Humanitarian Affairs, Dr Bernard M. Doro, Chief of Defence Staff, Gen. Olufemi Oluyede, Director-General of the National Intelligence Agency, Amb. Mohammed Mohammed and the Inspector General of the Nigeria Police Force, Mr Kayode Egbetokun.

Published

14 hours ago

November 27, 2025

OCHEFA

30 Views

President Bola Tinubu has approved the composition of the Nigerian side of the US-Nigeria Joint Working Group as part of steps to deepen collaboration in tackling security challenges in the country.

The composition of the Joint Working Group was part of the agreement reached during the recent trip to Washington, DC, by a high-level Nigerian delegation led by the National Security Adviser, Nuhu Ribadu.

Ribadu is to lead the Nigerian side of the Joint Working Group, supported by a multi-stakeholder team comprising senior officials from relevant government establishments.

Ms Idayat Hassan of the Office of the National Security Adviser (ONSA) and Mr Paul Alabi of the Embassy of Nigeria in the US will serve as the secretariat.

President Tinubu has urged members of the Joint Working Group to work assiduously with their US counterparts to ensure smooth operationalisation of all agreements across sectors.

Bayo OnanugaSpecial Adviser to the President(Information and Strategy)November 27, 2025