President Bola Tinubu’s approval of a 15 per cent import duty on petrol and diesel has been hailed as a bold economic reform that will strengthen local refining, protect Nigerian jobs, and boost investor confidence in the country’s energy sector. The policy, which introduces a tariff on imported fuel to encourage domestic production, is being described by civic and industry observers as one of the administration’s most strategic steps toward energy independence and industrial revival. Supporters of the move explained that the duty will curb the dominance of imported fuel in Nigeria’s downstream market, create room for local refiners like the Dangote Refinery and modular plants to thrive, and generate new revenue for infrastructure development. Dr Ebikeme Edesiri , National President of the Conference of Registered Voters in Nigeria (CRVN), said in a statement on Saturday that the decision “reflects courage, foresight, and a deep understanding of economic sustainability.” “Presiden...
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