{
  "id": 15611945,
  "title": "Fuel taxes to come when Nigerians’ incomes improve, economy stabilises — Oyedele",
  "url": "https://urgent.news/2026/10/19/fuel-taxes-to-come-when-nigerians-incomes-improve-economy-stabilises",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T14:36:32.000Z",
  "source": {
    "name": "Punch Nigeria",
    "slug": "punch-nigeria",
    "url": "https://punchng.com/fuel-taxes-to-come-when-nigerians-incomes-improve-economy-stabilises-oyedele/"
  },
  "original_language": "en",
  "account": "Nigeria's Finance Minister, Taiwo Oyedele, has stated that the country will introduce fuel taxes once the economy stabilises and Nigerians' incomes can handle the additional costs. Speaking to ARISE News during the 2026 IMF and World Bank Annual Meetings in Bangkok, Oyedele emphasized that the government's priority is to complete ongoing economic reforms, stabilise the economy, and restore growth before imposing such taxes. He warned that removing petrol subsidies and immediately introducing taxes could be detrimental to Nigerians, pushing them to the wall. Oyedele noted that fuel taxes are prevalent in other nations, with African countries imposing multiple taxes on petroleum products. However, he stressed that Nigeria needs to improve household incomes and stabilise its economy before adopting a similar approach. The proposed taxes would be used for infrastructure development and fuel reserves to mitigate potential price shocks, while the government would also have the option to temporarily waive taxes during future disruptions.",
  "summary": "Nigeria will introduce fuel taxes only when the economy stabilises and citizens’ incomes improve, says Finance Minister Taiwo Oyedele. Read More: https://punchng.com/fuel-taxes-to-come-when-nigerians-incomes-improve-economy-stabilises-oyedele/",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Punch Nigeria",
        "title": "Fuel subsidy return could push Naira to N4,000/$, Oyedele warns",
        "url": "https://urgent.news/2026/10/19/fuel-subsidy-return-could-push-naira-to-n4-000-oyedele-warns",
        "published": "2026-10-19T14:36:32.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}