The Nigeria Coalition Group and Yoruba Council Worldwide have voiced strong opposition to the recent suspension of the 15 % import‑duty tariffs on petroleum products. They describe the decision as misguided and ill‑timed, arguing that it should discourage the importation of petroleum rather than facilitate it. According to the groups, the suspension undermines the interests of Nigerians, local refineries, and the country’s overall economic well‑being.
Their stance responds to an announcement by Prince Damilotun Aderemi, Principal Private Secretary to President Bola Ahmed Tinubu, who cited alleged panic buying of petrol and diesel as the reason for the suspension. The groups contend that there is no evidence of panic buying or fuel scarcity anywhere in Nigeria, calling the suspension a fabrication orchestrated by “powerful oil cabals” intent on perpetuating Nigerians’ suffering.
Both organisations are demanding the immediate reinstatement of the 15 % import‑duty tariffs and a total ban on petroleum imports to protect local refineries. In a recent presentation to the Lagos State Government, they urged accelerated action to shield indigenous refineries from economic sabotage. They have also petitioned the Economic and Financial Crimes Commission, the Nigeria Police Force, and the Department of State Services to reinforce these demands.
Aare Oladotun Hassan, President of the Nigeria Coalition Group, emphasized that the suspension threatens national economic stability and called on Nigerians to unite in safeguarding local petroleum investments. The groups remain committed to advocating policies that reduce reliance on imported petroleum and strengthen Nigeria’s energy self‑sufficiency. They are pushing for local refineries to receive a 100 % allocation of crude oil, a move they believe would boost economic stability and lessen dependence on foreign oil. The controversy over the import‑duty suspension highlights the need for careful consideration of Nigeria’s energy policies.
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