# Nigeria considers a windfall tax on energy operators

> The government said it would consider a levy, but had published no tax rate, definition of excess profit or revenue estimate by October 14.

- **Source date:** 2026-10-14
- **Original source:** [BusinessDay](https://businessday.ng/business-economy/article/nigeria-weighs-excess-profit-tax-on-energy-operators-over-price-gouging/)
- **Reading time:** 1 min read
- **Language:** English
- **URL:** https://voltformer.com/news/ng-presidency-excess-profit-tax-energy-20261014
- **Markdown:** https://voltformer.com/news/ng-presidency-excess-profit-tax-energy-20261014.md

BusinessDay reported that the Presidency announced on October 8 it would consider taxes on energy operators taking undue advantage of consumers. Proceeds were proposed for transport support or vouchers for urban minimum-wage earners, but as of October 14 the government had published no tax rate, definition of excess profits or revenue estimate.

Aradel reported H1 2026 pre-tax profit of ₦752.7 billion, while Seplat’s pre-tax profit rose 74.1% to ₦790.4 billion. The article cautioned that these profits do not establish a windfall attributable solely to oil prices; a levy would also need to be reconciled with existing petroleum taxes.

[BusinessDay](https://businessday.ng/business-economy/article/nigeria-weighs-excess-profit-tax-on-energy-operators-over-price-gouging/)

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