₦airaland Forum

From January 2026, Nigerians could face higher fuel costs as a result of the new Nigeria Tax Administration Act, which introduces a five per cent surcharge on refined fossil fuel products. If the current pump price of petrol remains at N900 per litre, motorists would pay an additional N45 on every litre purchased.

The surcharge is part of four new tax reform bills signed into law by President Bola Tinubu on June 26, 2025, aimed at broadening government revenue streams, encouraging clean energy adoption, and reducing reliance on fossil fuels.

According to the Act, the surcharge will be applied to chargeable transactions, including the supply, sale, or payment for fossil fuel products—“whichever occurs first.” The levy covers petrol, diesel, aviation fuel, and other refined petroleum products.

However, some products are exempt: household kerosene, cooking gas, Compressed Natural Gas (CNG), and renewable energy sources such as solar, wind, and hydropower.

The Act states: “A surcharge is imposed at five per cent on chargeable fossil fuel products provided or produced in Nigeria, and shall be collected at the time a chargeable transaction occurs.”

Implementation and Oversight
Although the law sets January 2026 as the intended commencement date, the exact timing remains subject to a formal directive from the Minister of Finance and Coordinating Minister of the Economy, Wale Edun. The minister is expected to announce the effective date through an order published in the Official Gazette.

Administration of the surcharge will fall to the Federal Inland Revenue Service, which will be rebranded as the Nigeria Revenue Service in 2026. The agency has been empowered to collect the levy on a monthly basis and issue further regulations for its enforcement.

Economic and Social Implications
Analysts say the measure reflects government efforts to boost non-oil revenues amid growing fiscal pressures and rising debt obligations. Yet its impact could be controversial, as higher fuel prices often have ripple effects on transportation, food costs, and inflation.

Some argue that the surcharge may accelerate Nigeria’s transition to renewable energy by discouraging heavy dependence on fossil fuels. Critics, however, warn that the immediate effect will be an increased burden on citizens already grappling with high living costs.

The new Act forms part of a broader package of reforms, which also includes the Joint Revenue Board (Establishment) Law and the Nigeria Revenue Service (Establishment) Act, all geared toward strengthening revenue collection and fiscal transparency.

Slytiger:
Ekpa Simon Njoku, popularly known as Simon Ekpa competed for Nigeria in the 2003 African Junior Athletics Championships, winning a silver medal in the tripple jump in Cameroon.

Simon however jettisoned athletic due to a knee injury.

Source: Greg Nwoko on Facebook.

femi4:
Even with all their aggressiveness...they couldn't hit no 1

peleson1:
APC is the worst government of the world

Nigerians will never forgive this APC government for destruction of humanity and degrading Nigerians to accept suffering and lack as a way of life.


2027 nigerians will kick out APC

 REFORM

Sonnobax15:

So this thing really happened?

Now I understand why an average Ghanaian has so much hatred for Nigerians..

The Council on American-Islamic Relations (CAIR), America’s largest Muslim civil rights and advocacy organisation, has condemned an official Israeli government call to remove Muslims from Europe as another part of that terror state’s “war on Islam.”

In a post on its Arabic account, the Israeli government wrote in part: “In the year 1980, there were fewer than a hundred mosques in Europe. As for today, there are more than 20 thousand mosques. This is the true face of colonisation. And this is what is happening while Europe is oblivious and does not care about the danger. Europe must wake up and remove this fifth column.”

In a statement, CAIR said: “This dehumanising and openly genocidal rhetoric by the Israeli government is just the latest example of its ongoing war on Islam. It is not only Islamophobic — it is dangerous. To label millions of peaceful Muslims in Europe as a ‘fifth column’ that must be ‘removed’ echoes some of the darkest chapters of modern history.

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“It is further evidence that Israel’s war crimes against Palestinians are not isolated acts of violence, but part of a broader ideological war against Islam and Muslims globally. (cair.com)

“We call on all governments, human rights organisations, faith leaders, and people of conscience to unequivocally condemn this incitement to religious hatred, and to reject any attempts to scapegoat Muslim communities in Europe or anywhere else. Silence in the face of such hateful rhetoric is complicity.”

Earlier this week, CAIR welcomed a decision by Norway’s $2 trillion wealth fund, the world’s largest, to divest from construction equipment manufacturer Caterpillar and from five Israeli banking groups over Israel’s genocide in Gaza.

CAIR called the Israeli military a “terrorist organisation” after Israel slaughtered at least 20 people, including five journalists, in a “double tap” strike on Nasser Medical Complex in Gaza in which one bombing was followed by another to kill first responders – the so-called “double tap.”

slivertongue:
INEC is gradually becoming a burden to Nigeria's democracy.

Basic123:
I am a Nigerian and I am not living in darkness

In a jaw-dropping scientific milestone, researchers have successfully revived the legendary dire wolf, making history as the first species ever brought back from extinction.
The two pups, named Romulus and Remus after the mythical founders of Rome who were raised by a wolf, were recreated using DNA extracted from 72,000-year-old fossils. Scientists combined ancient genetic material with advanced cloning and genome-editing technologies to achieve what was once thought impossible.
Once apex predators of the Ice Age, dire wolves were larger, stronger, and more resilient than modern wolves, roaming North and South America before vanishing thousands of years ago. Now, after 72 millennia, they once again walk the earth.
Researchers say Romulus and Remus are healthy and developing normally, marking the beginning of what could be a revolution in “de-extinction science.”
“This is not just about bringing back one species—it’s about rewriting the story of extinction itself,” one lead geneticist explained.
The project team hinted that dire wolves are just the beginning, with other extinct species already being considered for revival.
But while the achievement has sparked excitement worldwide, it also raises profound ethical and ecological questions: Should humans bring back long-lost species? How will they adapt to today’s ecosystems? And what risks might follow?
For now, the world watches in awe as Romulus and Remus grow, symbolizing both a glimpse into our prehistoric past and a daring vision of the future.
The age of extinction may no longer be the end of the story—it could be just the beginning.

lastmessenger:
If you hold my relations hostage and refuse to release then 50000 deaths is necessary

CodeTemplarr:
Release hostages.