FG gazettes tax reform laws, implementation begins January 2026
*Oyedele defends 5% fuel surcharge, says not to burden Nigerians THE Federal Government has no immediate plan to implement the 5 percent Petroleum Products Tax as contained in the Tax Administration Act, 2025. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, stated this at a press briefing in Abuja, yesterday. The tax has generated wide-spread anger among Nigerians, with organised labour giving the government an ultimate to step it down or face an industrial action. Meanwhile, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, said the proposed fuel surcharge is intended to generate a dedicated fund for Nigeria’s deteriorating roads, not to add extra strain on households. However, Edun described the surcharge as a long-standing provision introduced under the Federal Road Maintenance Agency (FERMA) Act 2007 and not a new tax measure created by the Tinubu administration. His words, ...