FG eyes N796bn annually from 5% petrol surcharge

Nigerianobservernews | 01-08-2025 08:30pm |

The Federal Government could earn up to N796 billion annually through a newly introduced 5% surcharge on locally produced and imported petrol, it was gathered The surcharge is part of the Nigeria Tax Administration Act, one of four tax reform laws signed by President Bola Tinubu on June 26, 2025. Consumers have criticised the policy, [...]

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