Opposition is mounting against the Federal Government’s recent decision to introduce a 5% tax on petrol and diesel, a move that has sparked heated debate across the country.
Stakeholders argue that the policy will worsen the economic hardship Nigerians are already facing. Rising fuel costs have continued to push up transportation fares, food prices, and the general cost of living. Therefore, critics insist that adding an extra tax on petrol and diesel will only increase inflationary pressure.
In addition, labour unions and civil society groups have strongly condemned the move. According to them, the government should be seeking ways to cushion the impact of high energy prices, not introduce new levies that will directly affect the masses.
Moreover, opposition lawmakers in the National Assembly have vowed to resist the implementation of the tax. They argue that such a policy is not only ill-timed but also insensitive, considering the economic challenges millions of Nigerians are facing.
On the other hand, government officials claim the new 5% tax is part of broader revenue reforms aimed at stabilising the economy and reducing dependence on oil exports. They maintain that the tax will help fund critical infrastructure projects and improve public services.
Nevertheless, analysts warn that unless carefully managed, the tax could lead to social unrest. With fuel being central to Nigeria’s economy and daily life, any increase in its cost has ripple effects across sectors.
While the Federal Government insists the 5% tax on petrol and diesel is necessary for economic recovery, opposition continues to grow among citizens, labour groups, and lawmakers. The coming weeks will determine whether the policy stands or if public pressure forces a reversal.
