FG Rules Out New Telecoms Tax, Reaffirms VAT Waiver On Fuel

The federal government on Wednesday flatly rejected reports that it was planning to introduce new taxes on telecommunications services or petroleum products, describing the claims as factually incorrect and a misrepresentation of recommendations contained in a recent International Monetary Fund report on Nigeria’s economy.
In a statement issued by the Federal Ministry of Finance, the government also confirmed that the existing Value Added Tax (VAT) waiver on petroleum products has not been withdrawn and remains in full effect, providing continued relief to households and businesses against global energy price volatility.
The clarification comes amid public concern triggered by the pub...