Oyedele rules out fuel tax, calls report fake news

Nigerian Finance Minister Taiwo Oyedele has officially denied reports that the government plans to introduce a fuel tax. He labeled the claims as fake news and emphasized that such a levy is not currently under consideration given the recent removal of fuel subsidies.
Why it matters
This clarification addresses public anxiety regarding potential cost-of-living increases in Nigeria following recent economic reforms.
Add us to your Preferred Sources Oyedele rules out fuel tax, calls report fake news News October 21, 2026 10:20 am File photo: The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in