News
Nigerians groan over effects of 7.5% VAT on petrol prices

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
President Tinubu’s reforms push customs revenue to ₦1.3 Trillion in Q1 2025 — CG Adeniyi

The Nigeria Customs Service (NCS) has recorded an unprecedented revenue of ₦1.3 trillion in the first quarter of 2025, more than double the ₦600 billion collected during the same period in 2023.
In a statement released on Saturday, May 24, 2025, by Bayo Onanuga, the Special Adviser to the President on Information & Strategy, the Comptroller-General of Customs Bashir Adewale Adeniyi attributed this remarkable growth to transformative reforms under President Bola Tinubu’s Renewed Hope Agenda, as revealed in an upcoming State House documentary marking the President’s second anniversary.
Adeniyi highlighted that the revenue surge emanated from improved technological deployment, enhanced port operations, tightened enforcement on revenue leakages, and a renewed culture of accountability across Customs commands.
“We collected ₦1.3 trillion in Q1 2025 alone. This is not due to higher import volumes. Imports have dropped due to foreign exchange constraints.
“What has changed is efficiency, transparency, and enforcement,” the Comptroller-General said.
He disclosed that the Service is preparing to launch the E-Customs Modernisation Project.
This $3.2 billion initiative will digitise cargo processing, surveillance, and payment systems across Nigeria’s ports and borders.
“We’re laying the foundation to move from a manual, paper-based system to a fully digital service. The E-Customs Project is central to our future. Once fully deployed, we project it will add $250 billion in cumulative revenue over 20 years,” he said.
Adeniyi added that the newly launched Authorised Economic Operator (AEO) Programme is now onboarding pre-vetted importers, allowing compliant businesses faster processing and reducing port congestion.
“It’s about trust and efficiency. If you’re compliant, you get green-lane treatment. This is how modern customs systems work globally,” he said.
The Customs CG confirmed that the Service has intensified its anti-smuggling operations and closed long-standing revenue leakages.
He said over ₦64 billion was recovered from previously under-assessed or undervalued imports in the last nine months, and major smuggling rings at the Seme, Idiroko, Katsina, and Sokoto borders have been dismantled.
He said the new joint border patrol task forces established in coordination with the Nigerian Army, DSS, and Police have also yielded positive results.
“We’re no longer just chasing smugglers in the bush. We’re using data, surveillance drones, and port intelligence to act in real-time. Once systemic leakages are now being plugged,” ” Adeniyi said.
To ease trade and reduce business costs, Adeniyi disclosed that NCS is fast-tracking the roll-out of the National Single Window.
This digital portal will integrate all government agencies involved in cargo clearance.
“Right now, you deal with up to 15 agencies manually. With the Single Window, you’ll do it all online, in one place. This will slash clearance time and costs,” the CG explained, adding that clearance timelines at Apapa and Tin Can Ports have already dropped from 21 days to 7–10 days for compliant importers.
The Comptroller-General said the agency has introduced fast-track lanes for agro-exports and is working with the Nigerian Export Promotion Council (NEPC) to streamline outbound cargo processes in line with the government’s push for non-oil exports.
“We’re promoting exports aggressively. Last year, Nigeria exported over ₦340 billion worth of solid minerals and agro commodities through formal channels, up by 38%. We’re targeting even more in 2025,” he said.
He stated that the Customs Service is also undergoing internal transformation, with over 1,800 officers trained in advanced data analytics, risk profiling, and artificial intelligence.
“Customs is no longer just about physical inspection. We are becoming an intelligence-led organisation, and our officers are being retrained to match global standards,” Adeniyi said.
“The President gave us a clear directive: block leakages, facilitate trade, and raise revenue without burdening Nigerians. That is what we are doing. And the results are beginning to speak for themselves.”
News
Tinubu Appoints Philip Shaibu, Anyim Pius and others into 20 Fed Agencies

President Bola Tinubu has approved a fresh round of appointments into more than 20 federal agencies in a move that sees several high-profile figures return to public service.
Among the appointees is former Edo State Deputy Governor Philip Shaibu, named Director-General of the Nigerian Institute of Sports, while former Katsina Governor Ibrahim Shema is the new Chairman of the Federal Capital Development Authority.
The appointments, announced via the official X account of presidential adviser Bayo Onanuga, reflect a spread across Nigeria’s geo-political zones.
Former Senate Presidents Ken Nnamani and Anyim Pius Anyim return as chairmen of the Nigerian Institute for Policy and Strategic Studies and the National Merit Award Committee, respectively.
Labour activist Isa Aremu now heads the Michael Imoudu National Institute for Labour Studies.
Also on the list are Asabe Vilita Bashir is appointed Director-General of the National Centre for Women Development.
President Tinubu also approved new commissioners for the National Population Commission, alongside new leadership for the Nigerian Agricultural Insurance Corporation, the Federal Mortgage Bank, and the Nigeria–São Tomé Joint Development Authority.
News
Dangote Attends Time 100 Impact Dinner in New York
The renowned industrialist was named among the top 100 philanthropists listed in an inaugural list released by TIME Magazine on 22 May.

L-R: Chief Executive Officer, TIME, Jessica Sibley, President/CE, Dangote Industries Limited (DIL), Aliko Dangote, Group Executive Director, Commercial Operations (DIL), Fatima Aliko Dangote and Managing Director/CEO, Aliko Dangote Foundation, Zouera Youssoufou, attending TIME100 Impact Dinner, at One World Observatory in New York City.
The Chairman of Aliko Dangote Foundation, Aliko Dangote, has pledged to invest greater funds in the upliftment of vulnerable populations across Nigeria and Africa, as part of his philanthropic efforts to give back to the society.
Dangote spoke on the sidelines of the TIME100 Impact Dinner held at ASPIRE at the One World Observatory in New York City, USA.
The renowned industrialist was named among the top 100 philanthropists listed in an inaugural list released by TIME Magazine on 22 May, alongside other global personalities such as Michael Bloomberg, football icon David Beckham, NBA star Stephen Curry, Melinda Gates and Oprah Winfrey.
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