₦airaland Forum

I commend President Bola Ahmed Tinubu for his bold and decisive step in implementing a 15 per cent import tariff on petrol and diesel. This policy represents a crucial move towards safeguarding local industries that have made substantial investments in domestic production and refining capacity.

For decades, Nigeria’s industrial base has suffered from the unchecked importation of cheaper and often substandard goods, a practice that crippled once-thriving sectors such as textiles, local vehicle assembly, and manufacturing. We cannot afford to allow history to repeat itself within the energy sector, particularly now that Nigeria possesses the capacity to meet its petrol and diesel requirements locally.

This tariff not only protects the billions of dollars already invested in refining infrastructure but also underscores the government’s commitment to driving industrialisation, creating employment, and building a sustainable energy future for our nation.

This policy will also help establish a stable and sustainable pricing regime, contributing to greater control of inflation and long-term economic stability.

President Tinubu’s ability to deploy policy as a catalyst for economic transformation is truly commendable.

His focus on empowering local producers and promoting value addition within Nigeria exemplifies the type of visionary leadership required to steer our nation towards realising its ambition of becoming a $1 trillion economy.

Stephen0mozzy:
Hehe.... Na where really dey pain person e dey carry face fire.

Country at the verge of "crisis", this one dey blow flute and dance to tariff music.

OYEDIPE:
Oga !!! Which Crisis.....May Nigeria happen to you the way you wish Nigeria to be.

Dogalmighty17:
The only person this tariff policy benefits is Dangote. And it is not surprising that his friend, someone who would not have gotten to where he is without protectionist policies of the state as well, is speaking out in support.

givedemwotowoto:
These people are poised to destroy Tinubu’s government

mmadu4:
useless man i used to think this man has sense .

RhinoChest:
While I agree that protecting local refineries is important, what happens if the Dangote refinery breaks down, requires repairs, or faces supply disruptions? A proactive government should maintain strategic reserves of PMS, aviation fuel, diesel, and other essential fuels—stored in silos or depots—sufficient to last at least six months to a year. You won’t want supply disruption around election year, so work with NNPC to build strategic reserves across Nigeria

Klington:
Because tinubu is his kinsman, if it was GEJ his opinion would have been completely different.