The Federal Government has dismissed reports suggesting it intends to introduce new taxes on telecommunications services and petroleum products, describing the claims as inaccurate and inconsistent with its current economic policy direction.
The clarification follows media reports linking possible tax measures to recommendations contained in the International Monetary Fund (IMF) Article IV Consultation Report on Nigeria.
Government Rejects Tax Claims
In a statement issued on Tuesday, the government said reports alleging plans to impose additional taxes on fuel and telecommunications services do not reflect its official position.
The statement, signed by Maryann Duke, Senior Special Assistant on Communications and Press Secretary to the Minister of Finance and Coordinating Minister of the Economy, emphasized that no such proposals are currently under consideration.
According to the government, recent reports misinterpreted recommendations contained in the IMF report and wrongly presented them as policy decisions.
IMF Recommendations Not Binding
The government explained that the IMF Article IV Consultation Report contains policy assessments and recommendations intended for consideration by member countries.
It stressed that such recommendations do not automatically translate into government policy or binding decisions.
Officials noted that all fiscal and taxation policies in Nigeria must undergo established constitutional, legislative, and institutional processes before implementation.
The government further stated that any future policy decisions would be guided by national priorities and prevailing economic realities.
VAT Waiver on Fuel Remains in Place
Addressing concerns over fuel taxation, the government confirmed that the existing Value Added Tax (VAT) waiver on petroleum products remains fully operational.
According to the statement, there has been no decision to withdraw the waiver or impose new taxes on fuel products.
The government also clarified that while current legislation provides for the possibility of a fuel surcharge, such a measure can only be activated through a specific ministerial order and publication in the Official Gazette.
It emphasized that no such action is currently being considered.
Fuel Tax Not Under Consideration
Officials noted that maintaining the suspension of certain fuel-related taxes has contributed to stabilizing domestic fuel prices.
According to the government, this policy has helped shield households and businesses from the effects of volatility in global energy markets.
The statement reaffirmed the administration’s commitment to measures that reduce economic pressure on citizens while supporting sustainable growth.
Telecom Excise Duty Already Repealed
On telecommunications services, the government clarified that the telecommunications excise duty introduced before 2023 is no longer in effect.
It explained that the tax was repealed under Nigeria’s new tax laws and is therefore no longer applicable to telecom operators or consumers.
The government urged the public to disregard reports suggesting that a new telecom tax is being planned.
Focus Remains on Economic Growth
Rather than increasing the tax burden on citizens, the government said its priority remains improving revenue administration and expanding economic activity.
Officials stated that ongoing reforms are aimed at reducing inefficiencies, strengthening public finances, attracting investment, and creating employment opportunities.
The administration also reiterated its commitment to creating a more business-friendly environment capable of supporting long-term economic growth and development.
Public Advised to Ignore Misleading Reports
The government called on citizens, businesses, media organizations, and stakeholders to rely on official channels for information regarding fiscal and economic policies.
It urged the public to disregard reports claiming that new taxes on fuel and telecommunications services are imminent, maintaining that no such measures are currently under consideration.