The IMF’s Dangerous Playbook: How taxing fuel and telecoms will strain Nigerians, by Abubakar M. Kareto The debate surrounding fiscal sustainability in developing economies has taken a predictable turn. In its 2026 Article IV Consultation report on Nigeria, the International Monetary Fund returned to its well-worn playbook, recommending that the federal government introduce new consumption taxes. Specifically, the multilateral lender wants to see Value Added Tax extended to fuel products alongside fresh excise duties on telecommunications services like calls and data. The underlying economic logic is straightforward on paper: Nigeria...