The Federal Government has ruled out the introduction of new taxes on telecommunications services and petroleum products, describing reports suggesting otherwise as inaccurate and contrary to its current policy direction.
In a statement issued by Maryann Duke, Senior Special Assistant on Communications and Press Secretary to the Minister of Finance and Coordinating Minister of the Economy, the government said recent interpretations of the International Monetary Fund (IMF) Article IV Consultation Report had wrongly suggested that fresh taxes were under consideration.
The government clarified that recommendations contained in IMF reports do not automatically become government policy and are not binding on Nigeria.
According to the statement, policy decisions can only be adopted through constitutional, legislative and institutional processes, while taking into account the country’s economic realities and national priorities.
“The Federal Government is not considering the introduction of any new taxes on telecommunications services or petroleum products,” the statement said.
On petroleum products, the government explained that the Value Added Tax (VAT) waiver currently applicable to fuel remains in place and has not been withdrawn.
It added that although existing laws make provision for a fuel surcharge, such a measure can only be implemented through a ministerial order and publication in the Official Gazette, noting that no such move is being considered.
The government said the continued suspension of certain taxes has helped reduce the impact of global energy market fluctuations on households and businesses by keeping domestic fuel prices below international and regional levels.
It also clarified that the telecommunications excise duty introduced before 2023 has been repealed under the country’s new tax laws and no longer applies.
“The telecommunications excise duty introduced prior to 2023 has been repealed under the new tax laws and is therefore no longer applicable,” the statement added.
The Federal Government urged the public, businesses, media organisations and other stakeholders to disregard reports claiming that fresh taxes would be imposed on telecom services or petroleum products.
It reaffirmed its commitment to a transparent, growth-oriented tax system designed to strengthen revenue administration, stimulate economic activity, reduce inefficiencies and create a more attractive environment for investment and job creation.
The statement added that ongoing fiscal and tax reforms are focused on expanding economic opportunities rather than increasing the tax burden on Nigerians.
The government assured that any future tax policy changes, if necessary, would be communicated through official channels and implemented in line with due process and the law.