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₦500 Fuel Levy Will Not Take Effect in January 2026 — Implementation Awaits Ministerial Directive, Says Tax Reform Chairman
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has clarified that the proposed ₦500 fuel levy will not automatically take effect on January 1, 2026. He explained that while the levy is included in the new tax legislation, its implementation is subject to a formal directive from the Minister of Finance, which has not yet been issued.
The clarification comes in response to growing public concern and misinformation suggesting that the levy would begin at the start of 2026. Oyedele emphasized that Nigerians should not expect the fuel surcharge to be enforced unless and until the appropriate ministerial order is made.
In his words, “While the provision for the fuel surcharge exists in the law, it will not take effect until the Minister of Finance sets a commencement date.”
The fuel levy is part of the government’s broader plan to raise funds specifically for improving transportation infrastructure. The revenue generated is expected to be channeled into road repairs, bridge maintenance, and logistics development aimed at easing the movement of goods and reducing transportation-related costs across the country.
Oyedele noted that the government is being deliberate about the timing of the fuel levy to ensure that it does not place undue hardship on Nigerians. He reiterated that no new tax will be implemented without careful planning, stakeholder engagement, and an enabling economic environment.
In contrast to the fuel levy, several other tax reforms are scheduled to commence on January 1, 2026. These include exemptions from Value Added Tax (VAT) on basic food items, medicines, and educational materials, as well as income tax relief for small businesses and low-income earners.
The reforms aim to reduce the financial burden on vulnerable groups while expanding the country’s tax base through improved compliance and fairness in the system.
The initial misunderstanding about the fuel surcharge had sparked criticism and concern from the public, especially given current economic challenges. Oyedele addressed these concerns by assuring Nigerians that the government remains committed to a phased and transparent approach in executing tax reforms.
He called on citizens to disregard false reports about the levy taking effect in January 2026 and to await official communication from the Ministry of Finance regarding any future implementation date.
News
Man in shock after lady he lodged with in a hotel in Abuja flees with his car and other valuables
A Nigerian man is currently in shock after a young lady identified as Precious Chinyere , whom he took to a hotel in the Asokoro area in the FCT for a romantic getaway allegedly fled with his car and other personal belongings on Thursday, February 5,
The distraught man and Precious had visited the hotel and opted for a short time stay. Things took a different in the evening when the man noticed Precious had left the hotel room without notifying him and took along with her some of his personal belongings including phones and laptop and also his car.
The victim immediately reported the incident to the police.
When contacted, the spokesperson of the FCT police command, SP Josephine Adeh, told LIB that the matter is currently being investigated and that efforts are being made to apprehend the suspect.
The United States Mission in Nigeria has condemned the k!lling of more than 200 civilians in recent attacks on communities in Kwara State.
Recall that terrorists launched de@dly attacks on Woro and Nuku communities in Kaiama Local Government Area of the state on Tuesday night, k!lling unsuspecting citizens.
It was gathered that the gunmen invaded the villages, opened fire on residents and burned homes.
According to reports, the de@th toll from the unfortunate incident hit 200 on Thursday night.
Reacting, the US Mission Nigeria condemned the k!lling via a post on its official X handle.
The post reads, “The United States condemns the horrific attack in Kwara state in Nigeria, which claimed the lives of more than 160 people, with the de@th toll still unconfirmed and many still unaccounted for.
“We express our deepest condolences to the families of those affected by this senseless violence.
“We welcome President Tinubu’s order to deploy security forces to protect villages in the area and his directive to federal and state officials to provide aid to the community and bring the perpetrators of this atrocity to justice.”
News
“I’ll never settle for a barber, yahoo boy or a poor man” — nail tech’s list of men she says she can’t marry sparks reactions online
A Nigerian nail technician has set social media talking after openly listing the kind of men she says she can never settle for.
In a now-viral post, she stated clearly that she refuses to “settle for less” and went on to mention professions and traits she considers a no-go area.
According to her, she can never settle for a barber, an aza man, a yahoo boy, a mechanic, an actor, a laundry man, a hype man, or a plumber. She also added that she wouldn’t marry a man with a high body count or a poor man.
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