Tinubu Govt Begins Revenue Drive, Implements 7.5 VAT on Diesel

The Federal Government led by President Bola Ahmed Tinubu has commenced revenue drive with implementation of the payment of 7.5 per cent Value Added Tax on Automotive Gas Oil, popularly called diesel.

Officials of the Nigeria Customs Service and Federal Inland Revenue Service on Monday confirmed this in Abuja.

They noted that diesel was not exempted from the payment of VAT based on the VAT Modification Order 2021.

According to Punch Newspaper, the development was, however, condemned by Nigerians, who pointed out that citizens were still trying to adjust to the hike in the pump price of Premium Motor Spirit, popularly called petrol, not knowing that plans had been perfected to further raise payments for diesel.

When asked by Punch correspondent if the NCS was now collecting 7.5 per cent VAT on the imports of AGO, the spokesperson for the service, Abdullahi Maiwada, replied, “Yes.”