The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has said that the Federal Government has no immediate plan to implement the 5 per cent Petroleum Products Tax in the Tax Administration Act, 2025.
Edun described the surcharge as a long-standing provision introduced under the Federal Road Maintenance Agency (FERMA) Act 20-07 and not a new tax measure created by the Tinubu administration.
He calmed fears that the new tax laws which implementation has been scheduled to commence on January 1, 2026 would increase the suffering of Nigerians.
Meanwhile, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, says that the proposed fuel surcharge is intended to generate a dedicated fund for Nigeria’s deteriorating roads, not to add extra strain on households.