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15% Import Tariff: Femi Otedola Praises President Tinubu - Politics (3) - Nairaland

Nairaland ForumNairaland GeneralPolitics15% Import Tariff: Femi Otedola Praises President Tinubu (11625 Views)

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Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by Honestey: 7:46am On Nov 04, 2025
mmadu4:
useless man i used to think this man has sense .
If you get 5% of his sense, your life wouldn't be as it is now.
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by bixton(m): 7:48am On Nov 04, 2025
cdqyehyeh:
Nairaland is full of non intellectual comment.

The post is about cutting importation yet some comments are trying to disregard the post.
If only there is another site where reasonable comment can be found.
We cry of importing everything yet some want to label a move against it as rubbish.
So by your comment you're now an intelligent intellectual.......


Please who pays the 15% import duty on the product that every end user gets to use directly and indirectly?
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by Ahmeduana(m): 7:48am On Nov 04, 2025
Guys you've seen the devil 👿 in the closet!
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by Basaba: 7:53am On Nov 04, 2025
Quest7777:
Should have waited to 1st see if the policy will impact positively on the masses, than to rush to praise the policy.
minister of masses affairs,are you the one inporting petrol into this country? They are doing it for local refinery to grow u are shouting about masses, government are trying to make life better for us u are still shouting masses
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by advanceDNA: 7:54am On Nov 04, 2025
cdqyehyeh:
Nairaland is full of non intellectual comment.

The post is about cutting importation yet some comments are trying to disregard the post.
If only there is another site where reasonable comment can be found.
We cry of importing everything yet some want to label a move against it as rubbish.
read most of the comments well and u will see its rooted in the previous failure of related policies....Nigerians have lost faith in their leaders, it's not really an intellectual issue...

They will destroy like 5 things that drive price of a major commodity with their incompetence, then introduce one good policy that isnt enough to help cushion the effect of the damage they initially caused...

u forgot, the policy with rice ?? They stopped rice importation.....but they had already destroyed the naira, petrol expensive, electricity cost was sky high, cost of every other thing in the production chain of manufacturers had significantly increased... So the effect was of closing border against rice was little and local producers just passed the burden in addition to their greed on masses....

Nigeria is a very weird country....this increase in tarrif should kill imports and help drive success of local production......but we are just deceiving ourself..
.this is not a ban....marketers won't back down...they will keep importing both them and dangote will reach an agreement of how they can both thrive in the market and eventually push the burden on everyday Nigerian, who already is struggling to survive

because these marketers won't mind to sabotage dangote refinery.....abi u think it's witchcraft that ddnt make our refineries work?? Its these same pple
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by anonimi: 8:01am On Nov 04, 2025
Alaigbo:
Do not mind him let him remove the import duties on car let us see what will happen. Na there i for like see your Agulu tears.
The tears I have been crying on the thread below?



https://www.nairaland.com/7277602/peter-obi-reference-thread



How do you plan on redeeming yourself from your tribesmen affliction huh



edet19892015:
Unless you understand your role in society, you can never make any meaningful contribution.

According to the Greeks, they are three types of people on Earth,
1. The idiots,
2. The tribesmen, and
3. The citizens.


Studies show only 10% of Africans are citizens.
The remaining 90% are either tribesmen or idiots.

1. When the Greeks used the word "Idiot", they did not use it as a curse word.
Idiots are people who just don’t care.
If they sit for exams, they will cheat.
If they are in government they will steal.

An idiot does not care at all, if he eats bananas he throws the peels anywhere instead of putting them in a trash bin.

IDIOTS won't attend monthly neighborhood meetings. They won't pay security dues. They won't contribute to community development. Even when they see or know about something that will harm others in the community they won't report it. When they see/know/have something that will benefit their community they won't share.

In fact, Idiots don't care to register for or vote in an election, yet they complain the most. If they register to vote, IDIOTS will sell their votes for peanuts.

According to the Greeks, some societies have more idiots than tribesmen and citizens.

2. The next set of people are "Tribesmen", these are people that look at everything from the point of view of their tribe.

These are people that believe in you only if you are part of their tribe.
It can be terrible to have a tribesman as a leader, he will alienate the rest.

When the Greeks talk about tribes, it’s not just about ethnicity, they also consider religion, gang membership, group membership, party membership and even cult membership as a tribe.

A great percentage of Africans are tribesmen, because they view everything from the point of view of their tribes. They trust only their tribesmen

3. The last group are "Citizens".
These are people who like to do things the right way.
They will respect traffic light rules even if no one is watching them.

They drive within speed limits.
They respect the laws, and won’t cheat in exams.
In government, they won’t steal.
They are compassionate and give to others to promote their well-being.

Citizens often promote projects that benefit everyone.
The Greeks called this group "The Citizens".

Some countries have more citizens than tribesmen and idiots, others have so many idiots.

A tribesman can become a citizen through orientation.
And an idiot can become a citizen by training and constant enforcement of the law.

But things fall apart if you elect an idiot or tribesman to lead you if he has not been reformed.

Where do you belong? Are you an idiot, a tribesman or a citizen? Reflect on your life.
Reflect about your immediate community, city, state and nation.

#EdetEdemAkpan #Share
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by Lekby25: 8:02am On Nov 04, 2025
cdqyehyeh:
Nairaland is full of non intellectual comment.

The post is about cutting importation yet some comments are trying to disregard the post.
If only there is another site where reasonable comment can be found.
We cry of importing everything yet some want to label a move against it as rubbish.
I wonder oo. I don't how some people reason honestly. Our scarce resources has been frittered away on importation for many years, now someone has done what the govt failed to do in order to conserve our scarce resources, yet some people that have no understanding are not happy with it
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by Onewazobia(m): 8:04am On Nov 04, 2025
cdqyehyeh:
Nairaland is full of non intellectual comment.

The post is about cutting importation yet some comments are trying to disregard the post.
If only there is another site where reasonable comment can be found.
We cry of importing everything yet some want to label a move against it as rubbish.
So with all your "intellectual comments" you don't know that there's other site, hmmm
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by nedekid: 8:04am On Nov 04, 2025
mmadu4:
useless man i used to think this man has sense .
so I your mind, a whole Otedola no get sense?
Someone between you and Otedola does not have opolo, it certainly is not Otedola.
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by surgical: 8:08am On Nov 04, 2025
Thewrath:
What is it with this petrol import addiction despite having a refinery and removing subsidy!
we run a free market economy, which means firms can compete freely but in practice it us not so when the government wants to publish the people they float the naira and called it market forces at play, when they want to protect inefficient private firms, they say they are protecting local production,in both cases the masses receive the short end of the stick
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by SenecaTheYonger: 8:08am On Nov 04, 2025
SpaceX:
I have so much to say if only moderators will free me..
Guy I feel your pain. Censorship too much 😭😭😭
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by SouthSouth1914: 8:17am On Nov 04, 2025
Praise singers are the people to end Nigeria.
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by erniok(m): 8:18am On Nov 04, 2025
cdqyehyeh:
Nairaland is full of non intellectual comment.

The post is about cutting importation yet some comments are trying to disregard the post.
If only there is another site where reasonable comment can be found.
We cry of importing everything yet some want to label a move against it as rubbish.
The thread deserves the posts it's getting. Otedola is speaking up because of his friend and not that he's a patriot in this case.

Coming to importation, even USA imports finished goods from China and other countries. The ones that made the tarrif are putting it 9n hold until they see some metrics but Otedola is smarter than all.
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by nairalanda1(m): 8:18am On Nov 04, 2025
cdqyehyeh:
Nairaland is full of non intellectual comment.

The post is about cutting importation yet some comments are trying to disregard the post.
If only there is another site where reasonable comment can be found.
We cry of importing everything yet some want to label a move against it as rubbish.
The problem is that most Nigerians want things cheap. If tinubu were to say that fuel must be sold at 100 per liter , they will be so so happy

Also a lot of people are being critical because they feel that ' they did it to GEJ , therefore we must do it to them too '.

There are good arguments against protectionist behavior, but let's be honest, we allowed our love for cheap things to wreck our refineries in the first place.
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by nairalanda1(m): 8:23am On Nov 04, 2025
erniok:
The thread deserves the posts it's getting. Otedola is speaking up because of his friend and not that he's a patriot in this case.

Coming to importation, even USA imports finished goods from China and other countries. The ones that made the tarrif are putting it 9n hold until they see some metrics but Otedola is smarter than all.
Yes USA imports from china and as a result a lot of it's domestic manufacturing has been wrecked. That's why a lot of people voted for trump whose activity this year has been slapping tarrifs on many nations, china included.

It's also part of why the democrats lost. A democrat president was responsible for signing treaties that led to American jobs being outsourced to china and other countries.

Yes, Americans want cheap things, but that has basically affected their domestic industry and led to millions doing low paying service jobs.

Forget politics. If obi was in charge and did this , it would still be right. After all we lose a lot of forex to importation, which affects forex reserves

You cannot demand jobs and support polices that destroy job creation

At least we now have more people setting up refineries
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by grandstar(m): 8:23am On Nov 04, 2025
Thewrath:
What is it with this petrol import addiction despite having a refinery and removing subsidy!
Competition is necessary to keep Dangote on his toes and preventing a monopoly.

With this tariff, he has become a monopoly, enabling him to charge as high as he possibly can.

The money isn't coming from the pocket of the government but from you and me. He has done this before in cement
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by thisisit: 8:28am On Nov 04, 2025
FEMI OTEDOLA IS PART OF THE OIL CABAL THAT DESTRYED NIGERIA OIL SECTOR .... IGNORE HIS COMMENTS
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by Morizo(m): 8:39am On Nov 04, 2025
AnonPoet:
https://x.com/realFemiOtedola/status/1985284092695306357?t=7nfZfXRWq3i2tDkhpo7ouw&s=19[/quote]All these guys are the same...from same satanic cult designed to flourish from the suffering of the common people.

There are always people-centred alternatives to any policy somit doesn't increase the gap between the rich and poor
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by blacksam01: 8:39am On Nov 04, 2025
He is a recognized part owner of Dangote refinery...

So it's good business for him and dangote, nothing nationalist about his praise
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by okeke6969: 8:44am On Nov 04, 2025
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.
They care on topic that elevate their selfish interests. No comment on the genocide going on in the country so far his family are good and comfortable. Many Nigerians are languishing in IDP camps in their own country for many years now. No visible help coming through, hope lost, dreams shattered before their very eyes.
Otedola is here commending Tinubu for introducing 15% whatever.
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by erniok(m): 8:50am On Nov 04, 2025
nairalanda1:
Yes USA imports from china and as a result a lot of it's domestic manufacturing has been wrecked. That's why a lot of people voted for trump whose activity this year has been slapping tarrifs on many nations, china included.

It's also part of why the democrats lost. A democrat president was responsible for signing treaties that led to American jobs being outsourced to china and other countries.

Yes, Americans want cheap things, but that has basically affected their domestic industry and led to millions doing low paying service jobs.

Forget politics. If obi was in charge and did this , it would still be right. After all we lose a lot of forex to importation, which affects forex reserves

You cannot demand jobs and support polices that destroy job creation

At least we now have more people setting up refineries
US raising tarrif is nit new. Obama did it against China where the felt the trade deficit was targeted against them. Trump's case was even using drugs as his alibi and not even trade deficit.

That said, US have all it takes to keep manufacturing but their unionism that demands workers are paid top dollar and investors looking for massive profits made so many companies outsource because of cheap labour.

That cannot be said about Nigeria so it would be like comparing apple and oranges.

The 15% tariff is not needed. With the alleged removal of subsidy, it's a free market. The importation of petrol products, as long as the products are not substandard keeps dangote on his toes and it's a win-win for Nigerians but you guys are smarter that other economist.

If Obi is the president and think of this nonsense, I'd have attacked him as well because this policy is not well thought out.
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by chidiokay: 8:54am On Nov 04, 2025
Alaigbo:
Every single person against the import tariff is from the East n Delta n maybe some deluded PDP. They know exactly what they are doing n it is all out of hate for Tinubu Yoruba n Apc, nothing else.

If you doubt me let them support removing import duties on cars since their argument is Nigerians will buy wherever it is cheaper, so we can see how well Innoson will do without govt backing sebi dem say govt no support them.

They will never support it bcosbtheir tribesmen Innoson is the only one in Nigeria enjoying the import tariff on cars.

=137351582]Nairaland is full of non intellectual comment.

The post is about cutting importation yet some comments are trying to disregard the post.
If only there is another site where reasonable comment can be found.
We cry of importing everything yet some want to label a move against it as rubbish.
How is Tax imposition that will hike up the cost of living and cost operation suppose to bring development
LOL ! you sound like someone that have eye but can't seee, Economics is a science i.e as you practice you learn nd evolve in approach

This approach of hiking Tariff have being on for long, We do it on Cars, Rice ... how as it changed anything
imported cars still flood our roads more than innoson or GAC, you can stand on the road to conduct sampling

Though it sounds good on paper we are promoting local Manufacturer But the fact remains Govt as not done enough for these measures to effectiively work

You want Nigerians to buy Innoson But the cheapest innoson is over 10million ... in a country over 180million are below poverty line nd minimum wage is 70k

You want Nigerian to buy innoson cars But Govt allot Foreign brand new car to themselves, how many innoson or GAC dey Tinubu convoy, his ministers n appointees is innoson there official car
You cant promote what you aint leading by example

You want Nigerian to eat local rice, do our farmers have capacity to meet demand, farm insecurity unresolved, not to mention our leaders even rebag foreign rice to share at campaign grounds

Govt that want to dissuade Fuel import continue to issue licenses to marketers, govt want to dissuade fuel import yet CBN announced sourcing forex to Marketers

When you understand All this point i highlighted with common $en$e you will see this govt is a complete joke ... forget all this elite jobbers on Tv speaking big grammar .. with just common $en$e Tinubu policies are always counterproductive in the real sense
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by elipheleh(m): 9:17am On Nov 04, 2025
Tinoobu is worst thing to happen to Nogeria.

Now fuel will become more expensive than the global rate. Nigerians has suffered in the hands of these wicked politicians and their cronies.

When importers now add the 15%, fuel will become N1300 in their hands. They will still sell it.

While Dangote refinery will now see opportunity to increase his own price to thesame N1300 to make 15% gain increase.

At the end of the day every body proce has increased.

This tinubu who also has a refinery in Malta will bring his own fuel into the country without paying any tax and making 15% more profits.

Cursed be upon agbadorians and the supporters of this evil politicians and their tribesmen.

They removed subsidy and now they are taking subsidy from us.

They removed our little benefits and now asking us to pay them back those benefits we used to enjoy.
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by gotnel: 9:30am On Nov 04, 2025
Mandate1:
The elite who benefit from this govt will always support her bad policies.

Tarrif is to discourage importation according to them, but what happens from the domestic side of manufacturing and selling cheaper to tame import? Rice importation that was banned, how far did we go?

Fuel imported from far away countries selling and competing cheaply with local product, isn't that economic suicide? Same crude we export to other countries, we no import and sell even comparatively to locally produced. Isn't this an obvious indictment on our producers that they are our major problem?

A country devoted to building comprador bourgeoisies as against national builders will continue to suffer.

Nigeria is irredeemable.
This policy is good for Nigeria and Nigerians.
Those who are addicted to importation of petroleum products should bring in their money to build refineries in Nigeria to compete with Dangote refinery.
There are many benefits in building a refinery here than just continue to import finished product.
Local production of goods is the best way to go rather than importation of finished goods.
It may be difficult, but it is the best.
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by AmazingG007: 9:38am On Nov 04, 2025
Thewrath:
What is it with this petrol import addiction despite having a refinery and removing subsidy!
The thing is that imported petrol is cheaper than the locally refined petrol isn’t that great ?? They had to put additional tariffs on the imported petrol to help local refineries because our billionaire investors want to declare billions dollars profit in a year…local refined products should be cheaper than imported ones but not in Nigeria….same thing Obasanjo did for Dangote with cement imported cement was cheaper than locally made cement by dangote Obasanjo had to ban importation of cement for Dangote so that citizens will have no choice than to buy the locally made for Dangote to be profitable with his local cement and the argument was that he provided jobs and help with FX….as much as we want jobs and less stress on fx the gov. should look in to our private companies too for prices regulation for Nigerians to get fair pricing…you can’t say because you provide 100,000 jobs to stress 100 millions Nigerians
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by nairalanda1(m): 9:52am On Nov 04, 2025
erniok:
US raising tarrif is nit new. Obama did it against China where the felt the trade deficit was targeted against them. Trump's case was even using drugs as his alibi and not even trade deficit.
Very true.
That said, US have all it takes to keep manufacturing but their unionism that demands workers are paid top dollar and investors looking for massive profits made so many companies outsource because of cheap labour.
Because cost of living in the USA is also very high. And yes, outsourcing happens because it is technologically easier and financially easier . But at the expense of jobs for the USA? (Many parts of the USA have large unemployment because of that...)


That cannot be said about Nigeria so it would be like comparing apple and oranges.[quote]Well, that's not quite true.

[quote]The 15% tariff is not needed. With the alleged removal of subsidy, it's a free market. The importation of petrol products, as long as the products are not substandard keeps dangote on his toes and it's a win-win for Nigerians but you guys are smarter that other economist
.

1. Most of the imported fuel is very poor quality. If we were to import good quality fuel, imported fuel would have a landing cost of nearly N2000

2.Ironically, Dangote is able to keep pricing at the point it is because 'low labour costs'.(A US worker for example has to pay far more in tax than an average Nigerian worker).

3.Again, the countries that we import from are introducing green policies...meaning those refineries could be shut down

4. Must we sacrifice jobs because 'cheaper stuff'.? Must we sacrifice profits for domestic refining which could be used for paying workers higher salaries.?

5. Finally, we don't have enough forex coming into this country. That's on APC, they promised what they have failed to keep...but at the end of the day, we got forex needs now, and it;s no use crying over spilt milk.

6. China also uses tarrifs to protect its own manufacturing...hence trump's anger.
If Obi is the president and think of this nonsense, I'd have attacked him as well because this policy is not well thought out.
Well, you are still free to buy imported fuel though. Let's still support our domestic industries. I don't like our reliance on imports.
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by Chachalogo(m): 11:52am On Nov 04, 2025
"Any govt policy that (the) capitalists are fully in support of is anti people"_ Chachalogo 2025.
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by Qoko: 11:53am On Nov 04, 2025
AnonPoet:
https://x.com/realFemiOtedola/status/1985284092695306357?t=7nfZfXRWq3i2tDkhpo7ouw&s=19[/quote]What do you expect Forte to say, when he is one of the biggest investors at Dangote refinery, they want to crumble importation of petroleum products for Dangote to remain Monopolistic in petroleum products sellers.
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by NOETHNICITY(m): 1:38pm On Nov 04, 2025
mmadu4:
useless man i used to think this man has sense .
You statement love import dependent business. Your statemen killed the innovative ability of Nigerians
Re: 15% Import Tariff: Femi Otedola Praises President Tinubu by NOETHNICITY(m): 1:48pm On Nov 04, 2025
mmadu4:
useless man i used to think this man has sense .
You statement love import dependent business. Your statesmen killed the innovative ability of Nigerians
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