ABUJA, Nigeria (AP) — Nigeria’s federal government has denied reports that it is considering new taxes on telecommunications services and petroleum products, saying the claims misrepresented recommendations from the International Monetary Fund (IMF).
In a statement Monday, Efe Ovuakporie, Head of Information and Public Relations at the Ministry of Finance, said IMF Article IV Consultation reports are advisory and do not constitute binding policy. “Tax decisions in Nigeria are made through constitutional and legislative processes, guided by national priorities and economic realities,” the government said.
Officials stressed that the Value Added Tax (VAT) waiver on petroleum products remains in place and has not been withdrawn. They added that no process is underway to activate any fuel surcharge provided for under existing legislation. Such a measure, they explained, would require a ministerial order and publication in the Official Gazette before implementation.
The government said the suspension of surcharges has helped shield households and businesses from global energy price shocks, keeping domestic fuel prices relatively stable.
On telecommunications, authorities clarified that the excise duty introduced before 2023 had already been repealed under new tax laws. “The excise duty is no longer applicable, contrary to claims circulating in some reports,” the statement said.
Nigeria has faced mounting fiscal pressures in recent years, with international lenders including the IMF urging reforms to boost revenue. However, the government reaffirmed its commitment to reforms that support economic growth, improve revenue administration, and attract investment, while insisting that any future tax measures would be announced through official channels and implemented in accordance with the law.
Economists note that Nigeria’s rejection of new taxes reflects the government’s sensitivity to public concerns over rising living costs. Inflation has eroded household incomes, while fuel and telecom services remain essential to daily life. Analysts say any new levies could worsen economic hardship and trigger public backlash.
Globally, Nigeria’s stance highlights the tension between IMF recommendations and domestic realities in developing economies. While international institutions often push for higher taxes to strengthen fiscal stability, governments must balance revenue needs with social pressures.
The government’s clarification is expected to reassure businesses and consumers, though experts caution that Nigeria will still need to broaden its tax base in the long term to reduce reliance on oil revenues and external borrowing
