Federal government denies plans to implement five percent tax on fuel

The federal government says it has no plans to immediately implement the five percent tax on fuel captured in the new tax reforms law.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun made the clarification at a press conference in Abuja.

The minister also clarified that the fuel tax will not be implemented in January 2026 like other taxes contained in the new tax reforms law.

The Minister noted that the tax was not new but simply harmonized in the ongoing tax reform exercise of the federal government.

Edun said the government would have to engage and consult with stakeholders to create awareness before its implementation.

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