- ₦500 fuel levy won’t begin automatically in 2026
- Nigerians urged to disregard misleading claims
- Implementation requires the Finance Minister’s formal order
The Presidential Fiscal Policy and Tax Reforms Committee has announced that the proposed ₦500 fuel levy will not take effect automatically on January 1, 2026.
This clarification comes from the Committee’s chairman, Taiwo Oyedele, who urged Nigerians to ignore any false information about the new tax provision, aiming to ease public anxiety, Eko Hot Blog reports
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The levy is indeed included in the new tax legislation, but its enforcement requires a formal directive from the Minister of Finance. Oyedele explained that the law simply provides a framework, and its effective date is in the future, to be determined by the Minister.
He reassured the public that the Minister would decide when it is appropriate to enforce the levy.
Oyedele further clarified that the new law, which consolidates provisions from a previous Federal Emergency Management Agency (FEMA) Act, is a long-term measure.
He stated that when activated, the revenues from the surcharge will be used to fund transport infrastructure projects. The goal is to ultimately reduce the cost of logistics and ease the burden on commuters.
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