The Federal Government has refuted claims that it is preparing to impose additional taxes on telecommunications services and petroleum products, describing such reports as inaccurate and misleading.

In a statement issued on Monday in Abuja, the Head of Information and Public Relations at the Federal Ministry of Finance, Efe Ovuakporie, clarified that recent media reports had wrongly interpreted recommendations contained in the International Monetary Fund’s (IMF) Article IV Consultation Report on Nigeria.

According to the ministry, the IMF's proposals are merely advisory in nature and should not be mistaken for policies already adopted or being considered by the Nigerian government.

The government stressed that decisions relating to taxation and fiscal policies are determined through established constitutional and legislative procedures, taking into account the country's economic conditions, development objectives and the welfare of citizens.

The statement specifically addressed concerns over the possible introduction of fresh charges on petroleum products, assuring Nigerians that the current Value Added Tax (VAT) exemption on fuel-related products remains fully operational.

It further explained that there are no ongoing plans to activate any fuel surcharge provisions contained in existing laws. The ministry noted that implementing such a measure would require a formal ministerial directive and publication in the Official Gazette before it could take effect.

Officials maintained that the continued suspension of such charges has played a crucial role in cushioning households and businesses from the impact of fluctuations in global energy prices.

As a result, the government said domestic fuel prices have remained relatively stable despite pressures in the international energy market.

The ministry also dismissed reports suggesting that a telecommunications excise duty could be reintroduced. It explained that the levy, which was introduced before 2023, has since been abolished under recently enacted tax reforms and is no longer applicable.

According to the statement, any suggestion that telecom subscribers may soon face new excise charges is unfounded and does not reflect the current legal and fiscal framework.

Reaffirming its commitment to economic reforms, the Federal Government said it remains focused on strengthening revenue generation, improving tax administration and creating an enabling environment that attracts both local and foreign investments.

The ministry assured the public that any future adjustments to tax policies would be communicated transparently through official government channels, urging citizens and stakeholders to disregard unverified reports capable of creating unnecessary uncertainty.

The government reiterated that its fiscal policies would continue to be guided by national interests, economic realities and the need to support sustainable growth while protecting consumers from undue financial burdens.