FG to introduce fuel tax when incomes improve

•Says proceeds’ll fund roads, cushion price shocks

The Federal Government said it would introduce a fuel tax when the economy stabilises and Nigerians’ incomes improve sufficiently to accommodate the additional cost.
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, who made the disclosure, said revenue from the levy would support road infrastructure and the development of a fuel reserve to cushion future price shocks, stressing that implementation would require a ministerial order published in the Official Gazette.
Oyedele spoke during an interview on the sidelines of the 2026 International Monetary Fund and World Bank annual meetings in Bangkok, Thai...