The Presidential Fiscal Policy and Tax Reforms Committee Chairman Taiwo Oyedele has announced the proposed ₦500 fuel levy will not automatically begin on January 1, 2026.
Committee chairman Taiwo Oyedele confirmed that while the levy is included in the new tax legislation, its enforcement requires a formal directive from the Minister of Finance.
He clarified that no such order has been given.
Oyedele urged the public to disregard claims that the surcharge would be implemented at the start of 2026, stating that any information to that effect is false.
He said:
“What we have is that there’s a law that was enacted some years back with a surcharge on fuel under the FEMA Act. This is a provision that is now in the new tax law, and it does not take effect as of January 2026.
“I know some people have been giving wrong information about this. What is in the new tax law is that this surcharge will take effect on a date in the future, based on an order to be released by the Minister of Finance. And we do know that Minister of Finance is responsible enough to determine when it’s appropriate to do so.”
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