Tinubu Approves 15% Import Duty Tax On Petrol, Diesel - Politics (5)

Tinubu Approves 15% Import Duty Tax On Petrol, Diesel - Politics (5) - Nairaland

Nairaland Forum › Nairaland General › Politics › Tinubu Approves 15% Import Duty Tax On Petrol, Diesel (16759 Views)

Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by Bobodee09: 11:05am On Oct 30, 2025

FarahAideed:
You don't know this crafty man like I do , if you think he did this protect Dangote than you are a🤡.

We know his cronies are the ones with the high stakes in the import business...Give it some days let's watch , if this gives Dangote any edge then I will come here and apologize..

Like....you thinking petrol price can go up by 15% is very ridiculous. After a week I will personally remind you to apologize.

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Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by Blakjewelry(m): 11:09am On Oct 30, 2025

gare:
will this not increase the price on imported fuel, because i dont think Dangote is able to meet the daily consumption on fuel.

Dangote is enough to meet our consumption, the thing is, you can get low quality fuel outside cheaper rate so importers tend to go for that.

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Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by DLifeless1: 11:10am On Oct 30, 2025

nairalanda1:
Your budget this year was based on the plan that oil prices will be 75 dollars per barrel

Since January ending, oil has been averaging 68 dollars per barrel

At the end, it's either loans or taxes or things don't get paid

And yes, apc took over promising diversification. They failed.

Why did you remove the overlooting and corruption in APC?
No matter the amount of tax they steal from the masses, they will still loot it and go for another round of borrowing. No be tinubu and his hench men again?

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Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by themanderon: 11:12am On Oct 30, 2025

This man is just not interested in making life better for the people. He seeks ways to further tighten the noose around the necks of Nigerians.
Dangote will be happy with this news.

Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by enemyofprogress: 11:12am On Oct 30, 2025

Bobloco:
What has Tinubu done with the money saved from subsidy removal

loot, looter, looted.

Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by Tammy2705: 11:13am On Oct 30, 2025

PlasmaTV:
Very soon, this man will impose cemetery tax for dead folks.

Always borrowing and taxing.

it seems thats what this man does borrow and tax.

Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by ufotunang: 11:13am On Oct 30, 2025

LagosOrigin:
more and more burden on Nigerians by this wicked president

..and tomorrow now they will say inflation rate has gone down the economy is stabilized and improving.. hardship, hunger has reduced...how can inflation rate go down and hardship, hunger reduce when the price of fuel, diesel is increasing everyday.
It's a pity

Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by ufotunang: 11:14am On Oct 30, 2025

Tammy2705:
it seems thats what this man does borrow and tax.

.
That is the renewed hope they were telling Nigerians about

Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by Konquest: 11:14am On Oct 30, 2025

politicoNG:
https://www.thecable.ng/breaking-tinubu-approves-15-import-duty-on-petrol-diesel/?fbclid=IwY2xjawNv_DhleHRuA2FlbQIxMQABHnhumHSrK8JjOXR1qvjGMhGFlqGK7i3-kOd3gHFwjXcplA9SYa82HfjYg8OL_aem_zW9-ccwOnD98fXARd6NY4Q

Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by Ebubu: 11:15am On Oct 30, 2025

Gotocourt:
I trust middle men and retailers to sell at imported rate despite buying from Dangote. This is to discourage marketers from importing as allowed in the petroleum industry act📌💯🤷🏿

that's the thing. Retailers will sell dangote fuel at Importers rate.

Greed in Nigeria is not only done by Government.

Dangote is the ultimate winner

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Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by ibedun: 11:15am On Oct 30, 2025

PlasmaTV:
Very soon, this man will impose cemetery tax for dead folks.

Always borrowing and taxing.

Not a bad idea

the world is not FREE grin

I don't want people sitting around just making babies whilst the farms and arable lands are left wasting away...

60% of the people in Lagos and Abuja should be sent back home to their villages to farm or kpai. They are in lagos just reselling imported junk. Producing nothing and attacking government.

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Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by MichaelSokoto(m): 11:17am On Oct 30, 2025

timilehin007:
Oga this is a target against the fuel importers. Group of people sabotaging the government efforts. A win for Nigeria and Dangote

u are an eff oh oh el!

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Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by ibedun: 11:22am On Oct 30, 2025

Bobloco:
What has Tinubu done with the money saved from subsidy removal

Professional critics are ignorant and don't follow the news!

If you have to criticise the government please equip yourself with knowledge and up to date information.

Otherwise you are adding to our problems in this country. Some of you don't even understand that the government has a severe shortage of revenue. Yet you want all roads fixed, you want 24/7 electricity, you want free food from the markets, you want free schools and universities. you are all to be ignored!!!

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Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by Omoyoruba101: 11:22am On Oct 30, 2025

LagosOrigin:
more and more burden on Nigerians by this wicked president

So wicked and Terrible.

Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by ade4real2016: 11:23am On Oct 30, 2025

Hope this man is Not planning to leave filthy ghost after is planned extension beyond 2027...His bigoted wailers will have a share of this evil called tax...

Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by Reference(m): 11:29am On Oct 30, 2025

ravensckar:
I wonder when you folks will learn? When Buhari's government banned the importation of rice to favour local production, did it yield any positive result? Nah! The price of rice skyrocketed and the quality reduced.

I wonder why Nigerians suffer from selective amnesia.

This is another aspect of governance that the public often ignores. The role of government in economic development.

The lazy model we have often practiced is by fencing a plot (banning) and then throwing money around (scattering seed) with the presumption of a harvest down the line.

That is what they did. They closed the borders and then through the CBN threw money at people particularly politically exposed people thinking they will go to farm and create the volumes and value to make for import substitution.

Same thing with poverty. They throw money at it.
Same with security they throw money at it. Everything is about allocating whereas they have not cleared the bush, tilled the ground and prepared the farm to accept the seed.

What are the policies in place to get additional refining capacity. What are the timelines, what are the inputs by government because it is the responsibility of government to lay the foundations for industry. They should have active stakes in all concerns.

If the 15% levy is going to raise x naira and x naira is going as government equity to fastrack the BUA refinery, and other refineries in their industrialization masterplan, I won't have any issues with it.

It will be easy to account for the funds, it will be a recoverable investment and the long term gains in fuel price reductions will be in sight.

But if such funds are going to be thrown into the wicker basket of the so called government budget to fund their lifestyles and feed their pet white elephants then it is useless to the people.of this country.

Accountability, prudence and wisdom will forever be the key to economic development. Nothing else works.

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Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by ozo13(m): 11:30am On Oct 30, 2025

nairalanda1:
Dangote 2 , oil importers nil

smart analysis.
Not people doing surface analysis.
It's likely a killer punch to the importers.

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Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by seunowa(f): 11:30am On Oct 30, 2025

LagosOrigin:
This means Nigerians will pay more for fuel ⛽

Your major problem is that you have limited understanding of what president Tinubu has just done. grin

it is better you are left alone to perish in your ignorance....

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Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by nairalanda1(m): 11:31am On Oct 30, 2025

DLifeless1:
Why did you remove the overlooting and corruption in APC?
No matter the amount of tax they steal from the masses, they will still loot it and go for another round of borrowing. No be tinubu and his hench men again?

Read the last paragraph again

Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by heniford2: 11:31am On Oct 30, 2025

Poor Nigerians will seriously suffer this particular stuff

Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by nairalanda1(m): 11:32am On Oct 30, 2025

Reference:
It is not a people centric budget.
Stop saying 'your' budget.
It is filled with costs 'they' approve for themselves through a legislature that works for 'them'.

That is what we say.
The nature of this democracy is not people centric.
The people end their participation at the polls and everything after that is resisted and termed anti government at the least and seditious a lot of times.

You cannot expect people not to complain about government's income and expenditure when they have little of no input and little to no benefit.

Ad a classic example.
Yesterday we saw pictures of a dreadful highway in the Edo/Delta axis.

Now if the government is sensitive to acknowledge this and tie them to new taxes or tariff and is seen to move on these issues then people will not complain.

But to raise taxes just to throw it into some opaque budget no one is monitoring for expenditure the public doesn't control will be resisted.

To whom much is given much is expected and this government should realize that the more it strains the people the more they will ask questions.

I don't know how we see government in this part of the world. They are not gods that are beyond question. Gods are not elected from amongst men. They are merely first amongst equals and they should answer to the people who send them there to represent them.

In saner societies issues of taxation are bitterly debated by government and the people's representatives on the other hand.

Government doesn't just collect money from the people without serious explanations as to how and why.

It's still the budget. Lord help us, it still is.

Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by nairalanda1(m): 11:33am On Oct 30, 2025

anonimi:
I guess you don’t understand how much protection you are giving APC and Tinubu for their WORSE corruption, cluelessness, incompetence and misplaced priorities with your comments.

Do you see the need to mend your words?

>>
>>>>

Thank you for not understanding me again

Good morning.

Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by bionixs: 11:37am On Oct 30, 2025

bigpicture001:
This should be the final nail on coffin of fuel importers..

Now tinubu is serious!!!!!!

Serous about making Dangote the only man saying what goes

Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by Lekby25: 11:38am On Oct 30, 2025

politicoNG:
https://www.thecable.ng/breaking-tinubu-approves-15-import-duty-on-petrol-diesel/?fbclid=IwY2xjawNv_DhleHRuA2FlbQIxMQABHnhumHSrK8JjOXR1qvjGMhGFlqGK7i3-kOd3gHFwjXcplA9SYa82HfjYg8OL_aem_zW9-ccwOnD98fXARd6NY4Q

Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by Lekby25: 11:40am On Oct 30, 2025

Fuel importers will cry, those who want to continue importation at all cost

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Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by surgical: 11:40am On Oct 30, 2025

Svoboda:
President Tinubu is surely taking Nigerians for granted. His only saving grace will be a low voter turnout in 2027.

it is our duty to sensitise the people and make them know the grave implications, all hands must be on deck to rescue the nation, people involved with drugs are usually very heartless and bad people, that's is why all over the world they are given the death sentence, you can't have people with such mindset in power and have peace it is highly impossible
They make money at the expense of people's lives

Re: Tinubu Approves 15% Import Duty Tax On Petrol, Diesel by nairalanda1(m): 11:40am On Oct 30, 2025

Uchesis:
You see that Dangote.....na that man go finish Nigerians patapata.

Why is Dangote not selling his fuel at least N300?

You think Dangote is here to help Nigerians abi?
Lets wait and see

Petrol costs at least 700 naira to refine from crude

Selling it at 300 naira means losses for the dangote refinery

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