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.