We have no immediate plans to implement 5% fuel tax- Federal Govt declares
We have no immediate plans to implement 5% fuel tax- Federal Govt declares
The Federal Government has no immediate plans to implement the five per cent fuel surcharge contained in the newly signed Tax Administration Act 2025.
Mr Wale Edun, the Minister of Finance and Coordinating Minister of the economy, said this at a news conference in Abuja on Tuesday
He said that the surcharge was a long-standing provision first introduced in 2007 under the Federal Road Maintenance Agency (FERMA) Act, and not a new tax measure created by President Bola Tinubu administration.
According to him, the surcharge’s inclusion in the 2025 Act is part of efforts to consolidate and harmonise existing laws for clarity and ease of compliance.
“It is important to make this distinction, the inclusion of the surcharge in the 2025 Nigeria Tax Administration Act does not mean an automatic introduction of new tax. It doesn’t mean fresh taxation automatically,” the minister said.
Edun said that the new law would not take effect until January 1, 2026, and even then, any implementation of the surcharge would require a formal commencement order by the minister of finance, published in an official gazette.
“There is a whole formal process involved, and as of today, no order has been issued, none is being prepared and there is no plan. There is no immediate plan to implement any surcharge,” he said.
According to him, government’s broader tax reform effort is a long-overdue overhaul of the country’s fragmented tax system.
Edun said that the Tax Administration Act is one of four legislative instruments passed to improve transparency, simplify compliance for individuals and businesses, and modernise revenue collection.
He said that the other laws include the Revenue Service Bill, the Joint Revenue Board Bill, and the overarching Tax Reform Bill.
“This is a transformational legal document.”
Edun said that the process of preparing the reforms followed years of consultation, technical work and collaboration.
The minister said that moving from legislation to implementation would also involve significant preparation, including institutional realignment, capacity building, and public sensitisation.
Edun said that amid heightened public scrutiny and economic pressure on households, the present administration remains committed to macroeconomic stability and private-sector-led growth.
He said that the goal of the tax reforms was not to impose new burdens on Nigerians, but to create a more transparent and effective tax system that curbs leakages, boosts efficiency, and fosters investor confidence.
“This government is fully aware of the economic pressures of the time and will not take decisions that will make things even more burdensome.
“Our priority is to strengthen tax governance, block revenue leakages, and improve efficiency rather than just levy new taxes, charges, and costs,” Edun said.
The minister said that the ongoing macroeconomic reforms has begun to yield results, improving investor sentiment and recent affirmations from development partners and international rating agencies.
He said that there would be the need for proper communication and implementation of the new tax framework in the months ahead.
“As you know with all policies, once the policy is passed into law, the next step is implementation.
“There will be publicity, sensitisation, education and information on the new tax law,” Edun said. (NAN)
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News
Man fakes his own Kidnapping, forces Brother to sell property for N12 million ransom
Man fakes his own Kidnapping, forces Brother to sell property for N12 million ransom
The Edo State Police Command has uncovered a staged kidnapping in Ekpoma, where a man allegedly faked his own abduction, forcing his brother to sell property to raise a ransom.
The incident was reported to the police on January 10, according to a statement issued by the state Police Public Relations Officer, SP Eno Ikoedem.
Investigations revealed that the supposed victim, identified as Idris Isiaka, a vulcanizer based on Balogun Street in the Emaudo community of Ekpoma, conspired with two accomplices to orchestrate the fake kidnap.
Police said Isiaka arranged for news of his “abduction” to be circulated on social media through a blogger and subsequently demanded a ransom of ₦12 million from his family.
Believing the story to be genuine, his brother reportedly sold a personal property in a desperate bid to secure his release.
However, detectives later uncovered the deception and arrested Isiaka along with his collaborators.
The police described the act as criminal and deceitful, warning members of the public against engaging in similar schemes.
The suspects are currently in custody and are expected to face prosecution once investigations are concluded.
The PPRO explained that the suspect “immediately engineered the circulation of his kidnap on social media through a blogger and demanded a ransom of Twelve Million Naira.
“His family in Kogi State was further contacted, threatening that he would be killed if the ransom was not paid”.
He said the brother, however, “sold his property and paid part of the ransom money which was shared with his accomplices, one Mohammed Saliu and Godwin Mohammed, both of whom are currently at large.
“The suspect has confessed to the crime. He will be arraigned in court after investigation”.
News
Kwankwaso sets tough conditions for possible APC defection
Kwankwaso sets tough conditions for possible APC defection
Former Kano State Governor and National Leader of the New Nigeria Peoples Party (NNPP), Senator Rabiu Musa Kwankwaso, has indicated that any move toward the All Progressives Congress (APC) would depend on firm guarantees regarding political control in Kano and the protection of his supporters.
He made this known on Wednesday at his Miller Road home in Kano while receiving party leaders and loyalists from Rano and Dawakin Tofa Local Government Areas, as well as members of various Kwankwasiyya groups who used the visit to restate their allegiance to the NNPP.
“I didn’t say I won’t join APC, but we must first be clearly assured of the future of the Kano State government before we join the APC. What will be the fate of our lawmakers and other supporters before we agree to defect?” Kwankwaso said.
Reflecting on previous political alliances, the former governor warned against repeating past mistakes, recalling how his political bloc once helped to build a government but was later marginalized.
“In the past, we joined and contributed to forming the government, but later we were abandoned. That was why we left the party. Have they now changed their position toward us? Everyone knows the role we played at that time,” he added.
Kwankwaso emphasised that discussions about defection remain premature, insisting that no concrete commitments have been offered to safeguard the NNPP’s hold on power or its organizational framework in the state.
“Up till now, no one has given me a clear assurance that we will be allowed to retain our government and continue with our political structure. I need to know where I stand,” he said.
The gathering drew several senior government and party figures, including Deputy Governor Comrade Aminu Abdussalam Gwarzo, Commissioner for Science and Technology Yusuf Kofar Mata, NNPP state chairman Hon. Hashim Sulaiman Dungurawa, and other prominent officials. All openly reaffirmed their loyalty to Kwankwaso and the Kwankwasiyya Movement.
Political watchers noted that the visible solidarity from top officials points to growing internal tensions and further underscores Kwankwaso’s strong grip on the party, especially amid rumors surrounding a possible defection of Governor Abba Kabir Yusuf to the APC.
Analysts believe Kwankwaso’s measured position reflects a broader strategy to secure political structures and protect loyalists as preparations gradually shift toward the 2027 general elections.
News
Suspected notorious kidnapper linked to multiple kidnappings arrested by Police
Suspected notorious kidnapper linked to multiple kidnappings arrested by Police
The Police Command in Rivers on Wednesday, said it has arrested an alleged notorious kidnapper linked to multiple kidnapping incidents in the state.
The Command’s spokesperson, CSP Grace Iringe-Koko, disclosed this to journalists in Port Harcourt, stating that the suspect was arrested on Jan. 10.
She said that the suspect aged 30, was identified as the ringleader of a notorious kidnapping syndicate, that coordinated several abductions for ransom across the state.
According to her, the suspect who is responsible for multiple kidnappings along the Port Harcourt International Airport Road, Omagwa, was apprehended by operatives of the Command’s Anti-Cultism Unit.
“The suspect was planning to relocate his operational armoury and camp to Agbonchia/Oyigbo Road in Eleme Local Government Area before his arrest,” she said.
She said that the recovered items include an AK-47 rifle with breach number 2125 and two magazines loaded with 36 rounds of 7.62 x 39mm live ammunition.
The spokesperson said that during preliminary investigations, the suspect voluntarily confessed to being the ringleader of the kidnapping syndicate.
According to her, the suspect and exhibits are currently in police custody, while efforts are ongoing to apprehend other fleeing members of the gang. (NAN)
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