Nigeria’s Minister of Finance, Taiwo Oyedele, has said the Federal Government has no plan to introduce a petrol tax amid the high cost of living faced by Nigerians.
He disclosed this in a brief statement on his X account on Tuesday.
His clarification comes amid reports of plans by President Bola Ahmed Tinubu’s administration to introduce a 5 per cent tax on retail petroleum products in the country.
However, clarifying the issue, Oyedele said the Federal Government had no plan to introduce a fuel tax.
“In my interview with ARISE News, I was clear: a fuel tax is not on the table,” he said on X.
DAILY POST reports that millions of Nigerians pay between N1,370 and N1,429 per litre for petrol.
The introduction of a fuel tax would mean that Nigerians would have to pay more for petrol.
