₦airaland Forum

motymop:
the minister has explain that the 5% tax has been in place since 2007, that means we have been paying the tax without we knowing about it

watch as they spin this.

Kai!

The law has been in place since 2007. In fact, it was proposed as far back as 2003, but implementation was suspended in 2004 due to a strike by the NLC and several lawsuits.

If you've been paying it since 2007, then why are some people talking about January 2026??

But we know that you are just trying to spin things.

The FERMA Act of 2007 stated that collection of the tax will commence on a date to be determined by the minister of finance. Mr Olawale Edun is the minister of finance.


https://www.youtube.com/watch?v=n7qh8OPBW2U?si=ZeZG8a-qhilalqd9

No Plans To Implement 5% Fuel Tax Anytime Soon – Wale Edun

The minister’s explanations follow growing concerns regarding the implementation of the 5 per cent fuel tax.

Finance Minister Wale Edun has clarified that there are no immediate plans to implement the proposed 5 per cent tax on petroleum products.

Speaking to reporters in Abuja on Tuesday, the Minister explained that although the policy is included in the new tax administration set to take effect on January 1, 2026, its implementation will not proceed without following all formal processes involved.

The minister’s explanations follow growing concerns regarding the implementation of the 5 per cent fuel tax.

Addressing the tax, Edun clarified that the surcharge is a long-standing provision, originally introduced in 2007 under the Federal Road Maintenance Agency (FERMA) Act, and is not a new tax introduced by President Bola Tinubu’s administration.

The minister further explained that the inclusion of the surcharge in the 2025 Act is aimed at consolidating and harmonizing existing laws for greater clarity and easier compliance.

He said, “The tax reform bills and the tax act would not become operational until January 1, 2026, and the 5 per cent fuel surcharge which is mentioned therein will not automatically come into effect. There is even a process.

“Before any surcharge can come into effect it requires the commencement order from the honourable Minister of Finance and this indeed must be published in a gazette, so it is not automatic that we will wake up on January 1 and there is a new tax.

“There is a whole formal process involved and as at today no order has been issued, no is being prepared and there is no immediate plan to implement any surcharge.”

On Monday, the Trade Union Congress (TUC) rejected the 5 per cent tax on petroleum products, describing it as a “reckless proposal” which is “nothing but an act of economic wickedness against already overburdened Nigerians”.

The union said that the government policy, if implemented, would compound suffering, cripple businesses, and push millions of citizens deeper into poverty.

It stated that the Federal Government cannot continue to use Nigerians as sacrificial lambs for its economic experiments.

https://www.channelstv.com/2025/09/09/no-plans-to-implement-5-fuel-tax-anytime-soon-wale-edun/

Previous thread:

The 5% Surcharge On Fuel: What's True And What's Not By Taiwo Oyedele
https://www.nairaland.com/8514100/5-surcharge-fuel-whats-true

MaziObinnaokija:
Baba Miliki ,ride on sir Abeg! RACOON,Naptu2, Play u AIMASIKO LO N DAMU EDA....
Make we dance and shame EVIL PIPU

naptu2:
Chief Commander Ebenezer Obey - Aimasiko (1987)


https://www.youtube.com/watch?v=wM5JQjSW3sU

Chief Commander Ebenezer Obey - Aimasiko (1987)


https://www.youtube.com/watch?v=wM5JQjSW3sU

Spin doctors are still helping me to boost my thread. We are now at 30,000 views.

Previous thread:

Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas
https://www.nairaland.com/8515064/debts-alarming-must-stop-reckless

Olabimiji Enitan Jowosimi (@Legendaryjoe) is the Special Assistant on New Media to the Speaker of the House of Representatives, Tajudeen Abbas.

Legendary J.O.E @LegendaryJoe

🚨 CLARIFICATION ON FAKE NEWS 🚨

Our attention has been drawn to some mischievous posts falsely claiming that the Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, Ph.D., GCON, condemned Nigeria’s borrowing. This is nothing but fake news and deliberate distortion.

For the record, Speaker Abbas Tajudeen, PhD, GCON, never condemned borrowing. On the contrary, at the 11th Annual Conference and General Assembly of the West Africa Association of Public Accounts Committees (WAAPAC), where Speaker Abbas was duly represented by a PDP chieftain, MHR BABATUNDE SALAM, made it clear that:

✅ Public debt, if managed prudently, can be a tool for growth and prosperity.

✅ The legislature’s role is to ensure that every naira borrowed delivers tangible value to Nigerians.

✅ President Bola Ahmed Tinubu, GCFR, is already working assiduously to reduce reliance on borrowing through a robust non-oil revenue drive - proof of responsible fiscal management.

✅️ For the first time in decades, Nigeria has met its 2025 revenue target ahead of schedule, without reliance on borrowing. This is proof that with discipline, focus, and courage, we can reduce dependence on external loans and secure our economic sovereignty.

The Speaker’s call was not against borrowing, but for stronger oversight, transparency, and accountability so that debt translates into real development - roads, schools, hospitals, and innovation.

Let it be known: oversight of public debt is a constitutional duty and a moral responsibility of parliament. This is about safeguarding Nigeria’s financial future, not playing to the gallery of mischief-makers.

Fake news will not stand. The facts are clear, the Speaker’s position is consistent, and the message remains emphatic: responsible borrowing, prudent management, and a collective resolve for sustainable development.

The opposition, therefore, is best advised to explore other means of survival - for Speaker Abbas provides no ventilator for their gasping decline, and no cure for their terminal slide into political oblivion...

Good Evening Severally.

Jowosimi Olabamiji Enitan (LEGENDARY-J.O.E)
SA NEW MEDIA TO THE SPEAKER

https://x.com/LegendaryJoe/status/1965088827783119127?t=SFUbwyEAZ-iU9cwm_YJ02A&s=19

One of the weird things about the election season is the way that people create posts that don't make sense. God knows what they hope to achieve with it.

https://www.youtube.com/watch?v=2HvCIEex78Y?si=NAZcMARVbl615xCw

https://www.youtube.com/watch?v=YqLIXfpm4BQ?si=_9F5PK4I87OJdrnv

The first edition of the National Youth Games was held in Abuja in 2013. Cross River State won that edition, Akwa Ibom came second and Delta State came third.

The second edition was held in Ilorin, Kwara State in 2016. Delta State won that edition, Ogun State came second and Kwara State came third.

Ilorin also hosted the 2017, 2018, 2019 and 2021 editions of the games (the Ministry of Sports had an agreement with the University of Ilorin).

Delta State won the 2017 edition, Akwa Ibom State came second and Ondo State came third.

Delta State also won the 2018 edition, Lagos State came second and Bayelsa and Ogun States came joint third.

Delta State won the 2019 edition, Lagos State came second and Bayelsa State came third.

Delta State won the 2021 edition, Lagos State came second and Edo State came third.

Asaba, Delta State hosted the 7th National Youth Games in 2023. Delta State won that edition, Lagos State came second and Edo State came third.

Asaba also hosted the 8th edition of the National Youth Games in 2024. Delta State won that edition (its 7th victory in a row), Lagos State came second and Edo State came third.

Lagos State won the 9th National Youth Games in Asaba, Delta State. Delta State came second and Edo State came third.

Here's the medals table of the 9th National Youth Games, Asaba 2025.

Babajide Sanwo-Olu @jidesanwoolu

I am immensely proud of Team Lagos for their outstanding performance at the 9th National Youth Games in Asaba, where they finished first on the medals table with a total of 110 medals; 52 gold medals 32 silver and 26 bronze.

Our young athletes, together with their coaches and the Lagos State Sports Commission, have made history and demonstrated the strength of Lagos in sports.

In the coming days, I look forward to hosting the team to celebrate this remarkable achievement.

Congratulations, Team Lagos. We are very proud of you all.

https://x.com/jidesanwoolu/status/1964609161511260638?t=SGlk7levVBw7r0Bd1KA_zA&s=19

God bless the bot.