Breaking News

Senate plans heavy tax on Nigerians as it establishes National Roads Funds

The Nigeria road users may face multiple tax payment if the bill establishing National Roads Fund is passed into law. According to the document obtained by DAILY POST and deliberated inconclusively at the plenary, Senator Kabiru Gaya led-Committee on works has recommended strict taxes to be imposed on Nigerians.

Those charges which were about 9 items, have 7 items chargeable as a motorist in Nigeria which they said, would enable government to adequately service road infrastructure.
Though the bill was not passed for unresolved issues of appointment into the agency, the proposed multiple levies were, however, sustained.
“Fuel levy of N5 chargeable per litre on any volume of Petroleum and diesel products imported into Nigeria and on locally refined Petroleum products”

“Axle load control charges”
“Toll fees (A percentage of not exceeding 10% of any revenue paid as user charge per vehicle on any federal road designated as a toll road”
“International vehicle transit charges”
“Inter state mass transit user charge of 0.5% deductible from the fare paid by passengers to commercial mass transit operators on inter-state roads”
“Roads Fund surcharge of 0.5% chargeable on the surcharge on the assessed value of any vehicle imported at any time into Nigeria”

The fund is to operate independently under the Federal Ministry of Finance.