Nigerian President Bola Tinubu’s spokesperson, Sunday Dare, defended the decision to impose a 15 % import duty on petrol and diesel, describing it as a strategic move to curb the country’s reliance on imported fuel. The tariff is intended to encourage local refining and expand domestic capacity, which Dare says will ultimately promote national prosperity. By making imported fuel less competitive, the policy aims to boost the fortunes of local refineries such as the Dangote Refinery and other modular plants.
The announcement has generated mixed reactions from Nigerians, stakeholders and economists. Some worry that the duty could push petrol prices—currently N950 to N960 per litre in Abuja—above N1,000 per litre. Dare counters that as local refining ramps up and supply strengthens, prices should moderate, leading to job creation, increased investment and greater industrial activity.
Nigeria, a major crude‑oil producer, has long depended on imported fuel, draining foreign‑exchange reserves and forfeiting jobs that could be created domestically. The new policy seeks to reverse this trend, ensuring that the country’s oil wealth benefits its citizens directly and that the energy sector becomes more self‑sustaining and resilient. While critics such as All Progressives Congress chieftain Ayiri Emami argue that the tariff may harm Nigerians, Dare maintains that it is a necessary step toward independence and strength.
As the 15 % import duty on petrol and diesel is implemented, its impact on fuel prices and the broader energy sector will be closely monitored. The government’s goal is to forge a more sustainable and prosperous energy landscape for Nigeria, and the success of this policy will be pivotal in achieving that objective.
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