The Federal Government has dismissed speculation that Nigerians could soon face new taxes on telecommunications services and petroleum products, following the release of the International Monetary Fund (IMF) Article IV Consultation Report on Nigeria.
Authorities say there are no ongoing plans to introduce additional levies in the telecoms or fuel sectors, moving to calm public concerns triggered by interpretations of the IMF assessment.
The clarification comes amid heightened sensitivity over cost-of-living pressures and widespread scrutiny of fiscal policy reforms in Africa’s largest economy.
The IMF, in its latest Article IV review, had outlined a range of recommendations aimed at strengthening Nigeria’s revenue base and improving macroeconomic stability, but officials insist such suggestions do not translate into immediate policy action.
Government sources maintain that any future tax decisions will follow due process, stakeholder engagement, and consideration of the current economic strain on households and businesses.
