The Federal Government has moved to reassure Nigerians by dismissing reports suggesting that new taxes are being introduced on telecommunications services and petroleum products. Officials clarified that claims circulating in parts of the media and online platforms do not reflect government policy and should not be regarded as accurate.

The clarification followed public discussions generated by the recent International Monetary Fund (IMF) Article IV Consultation Report on Nigeria. Some interpretations of the report had created concerns that the government was preparing to impose fresh tax burdens on citizens at a time when many households and businesses are already dealing with economic challenges.

In a statement issued by the Ministry of Finance through its Head of Information and Public Relations Unit, Efe Ovuakporie, the government stressed that recommendations contained in the IMF report are advisory in nature and do not automatically become government policy.

According to the statement, decisions relating to taxation in Nigeria are guided by constitutional procedures, legislative approvals, and national economic priorities. The ministry emphasized that no plans are currently underway to introduce additional taxes on telecommunications services or petroleum products.

Government officials explained that the IMF report contains assessments and recommendations prepared by the international financial institution after reviewing Nigeria’s economy. However, such recommendations are not binding and remain subject to consideration by Nigerian authorities.

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The government noted that reports portraying IMF recommendations as already approved fiscal policies were misleading and did not accurately represent the country’s policy direction.

A key concern among citizens had been speculation regarding the possible removal of tax relief measures on petroleum products. In response, the government confirmed that the Value Added Tax (VAT) waiver currently applicable to petroleum products remains fully in effect and has not been withdrawn.

Officials further explained that while existing legislation allows for a fuel surcharge under certain conditions, such a measure cannot be implemented arbitrarily. It would require a formal ministerial order and publication in the Official Gazette before becoming effective. The government stated that no such process is being considered at this time.

The ministry highlighted that maintaining the suspension of certain charges has helped reduce the impact of global energy market fluctuations on Nigerian consumers and businesses. This approach, according to officials, has contributed to keeping domestic fuel prices relatively stable despite volatility in international markets.

The government also addressed concerns surrounding telecommunications services. It clarified that the telecommunications excise duty introduced before 2023 is no longer applicable, having been repealed under recently enacted tax laws.

This clarification is expected to provide relief to telecommunications operators and millions of subscribers who feared that new levies could lead to higher service costs.

Beyond addressing the tax rumours, the government reiterated its commitment to implementing reforms aimed at strengthening economic growth, improving revenue collection efficiency, and encouraging investment across key sectors of the economy.

Officials stated that the current focus remains on expanding economic opportunities, reducing leakages in public revenue systems, and creating an environment that supports business growth rather than increasing the financial burden on citizens.

The ministry assured Nigerians that any future tax proposals would be communicated openly through official government channels and implemented strictly in accordance with legal procedures. It emphasized that transparency remains a central part of the administration’s economic management strategy.

With the clarification now issued, the government hopes to dispel uncertainty and reinforce confidence in its ongoing efforts to balance revenue generation with economic stability and citizen welfare.