Osatuyi Commends Tinubu's 15% Fuel Import Duty to Safeguard Nigerian Refineries
The former IPMAN official, Osatuyi, lauds President Tinubu's move to implement a 15% import duty on petrol and diesel as a strategic step to safeguard Nigeria's refineries and encourage investments. He highlights the importance of protecting local refineries against imported petroleum products, especially praising Dangote Refinery in Lekki as a national asset.
Osatuyi also criticizes the government's underperforming refineries in Port Harcourt, Warri, and Kaduna, urging a focus on private sector-led refinery initiatives. Despite concerns of fuel scarcity, he assures that refineries have the capacity to meet domestic demand and even export surplus.
Plus234Feed summary based on reporting from NaijaNews. Read the original report below.
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