Latest
Some People Are Misleading You – FG Explains Truth Behind ₦500 Fuel Tax
The federal government has clarified that circulating reports claiming Nigerians will pay a ₦500 fuel surcharge on every ₦10,000 worth of fuel starting January 2026 are false and misleading.....KINDLY READ THE FULL STORY HERE▶
While the new tax law includes a fuel surcharge under the Federal Emergency Management Agency (FEMA) Act, the provision has not yet been implemented. The government emphasized that the surcharge will only come into effect following an official directive from the Minister of Finance.
The clarification was made in a video by Taiwo Oyedele, Chairman of the Presidential Tax Reform Committee, and shared by the State House.
Oyedele stated, “There is a law enacted years ago that includes a surcharge on fuel under the FEMA Act, now incorporated into the new tax law. This provision will not take effect in January 2026. Some people have been spreading incorrect information. The surcharge will only be implemented at a future date, as announced by the Minister of Finance, who will determine the appropriate timing.”
He added that the surcharge aims to fund transport infrastructure projects, which are expected to reduce logistics costs, ease commuting, and help lower inflation for ordinary Nigerians.
