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The IMF has urged Nigeria to introduce telecom excise duties and extend VAT to fuel products It warned that while recent tax reforms may improve revenue collection, further policy changes are still neededMuda Yusuf, the Chief Executive Officer of CPPE, has provided its comments on the new advice from the IMF
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The International Monetary Fund (IMF) has recommended that Nigeria government impose new taxes on fuel and telecommunications services to increase government revenue.
The recommendation, if accepted, is expected to further increase the cost of petrol, airtime and data costs.
IMF urges Nigeria to expand VAT and introduce telecom taxes Photo: PresidencySource: Twitter
In its 2026 Article IV Consultation report on Nigeria, the Fund said that in order to bolster revenue generation amid spending pressure, additional fiscal reforms were required
