FG not considering new taxes on fuel, telecom services — Presidency

The Presidency has dismissed reports suggesting the Federal Government plans to introduce new taxes on petroleum products and telecommunications services.
The clarification followed recommendations by the International Monetary Fund (IMF), which advised Nigeria to expand Value Added Tax (VAT) to fuel products and introduce excise duties on telecom services to boost government revenue and support development spending.
The IMF, in its 2026 Article IV consultation report on Nigeria, said recent tax reforms may not be sufficient to sustain the government’s spending plans over the medium term.
However, the Federal Government said the recommendations do not amount to official policy.
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