US EditionEnsure transparency in managing revenue from 15% import duty on petrol - CRVN to Tinubu
The 15 percent import duty on petrol and diesel aims to protect local refineries, create jobs, and attract investors, advancing Nigeria’s energy independence and economic growth.
- On Saturday, President Bola Ahmed Tinubu approved a 15 percent import duty on petrol and diesel to support domestic refining, the Conference of Registered Voters in Nigeria announced.
- The duty aims to shield Nigeria's refining industry from unfair competition and promote job security, as part of broader reforms including fuel subsidies removal, exchange-rate unification, and non-oil revenue diversification.
- Supporters called the move a 'win-win' for industry and the public, with CRVN saying it will attract investors in the energy sector, create employment, strengthen the naira, and boost government revenue.
- CRVN appealed for patience and national cooperation, urging the federal government of Nigeria to manage revenue transparently and direct funds to critical infrastructure: roads, power, healthcare.
- Edesiri said President Bola Ahmed Tinubu is making tough, necessary decisions rather than playing politics, and CRVN stands solidly behind the reform agenda bringing development closer to ordinary Nigerians.
11 Articles
11 Articles
Tinubu Gets Voters' Group's backing Over 15%Import Duty on Fuel, Diesel
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 ene…
Premium Times Nigeria
Freedom OnlineMixed reactions trail 15% import duty on petroleum products
On 29 October President Bola Tinubu approved a 15 per cent import tariff on petrol and diesel, a policy expected to raise the landing cost of imported fuel. The post Mixed reactions trail 15% import duty on petroleum products appeared first on Premium Times Nigeria.
Ensure transparency in managing revenue from 15% import duty on petrol - CRVN to Tinubu
The Conference of Registered Voters in Nigeria, CRVN, has described President Bola Ahmed Tinubu’s approval of a 15 percent import duty on petrol and diesel as a win-win policy that will transform Nigeria’s petroleum sector, protect local investments, and advance the nation’s drive toward energy independence. In a statement issued on Saturday, the group’s National President, Dr Ebikeme Edesiri, commended President Tinubu for his bold and strategi…
CPPE says petrol imports draining Nigeria’s economy, backs 15% duty
The Centre for the Promotion of Private Enterprise (CPPE) has warned that Nigeria’s continued importation of refined petroleum products remains one of the country’s biggest economic weaknesses, draining foreign reserves and worsening fiscal instability. The post CPPE says petrol imports draining Nigeria’s economy, backs 15% duty appeared first on Nairametrics.
Dangote refinery boosts output, pledges stable fuel supply
Dangote Petroleum Refinery, owned by Africa’s richest man, Aliko Dangote, says it will keep the country well supplied with petrol and diesel through Christmas and New Year, noting its current daily output now exceeds national demand. Anthony Chiejina, Group Chief Branding and Communications Officer at Dangote Industries, said in a statement Saturday that the plant is now releasing more than 45 million liters of petrol and 25 million liters of di…
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