Manufacturers back 15% petrol, diesel import tariff
The Manufacturers Association of Nigeria (MAN) says the recently approved 15 per cent import tariff on petrol and diesel will strengthen local content and deepen support for Made-in-Nigeria goods.
MAN’s director-general, Segun Ajayi-Kadir, in a statement on Wednesday in Lagos, described the tariff as a strategic and patriotic step aligned with the Nigeria-First agenda and MAN’s consistent push for local content and patronage.
According to him, the decision reassures manufacturers that the government remains committed to nurturing the indigenous industry and strengthening national capacity.
He said the policy signalled resolve to protect national resources, secure energy supply, and improve Nigerians’ welfare through sustainable industrial development.
Mr Ajayi-Kadir added that the tariff would promote value addition, boost refinery capacity, save foreign exchange, and support long-term industrialisation.
He said it would protect local producers, curb dumping, and provide a stable environment for emerging domestic refineries to grow.
The MAN chief noted that it would speed up operational readiness of refineries, reduce supply interruptions, and stabilise energy for businesses.
He, however, urged transparent and coordinated implementation to ensure the benefits reach manufacturers and consumers and prevent unintended cost pressures.
Mr Ajayi-Kadir called for effective price monitoring to stop excessive mark-ups and discourage anti-competitive practices.
He advised temporary government support for local refiners to safeguard fuel supplies, especially during the festive season, and prevent hoarding or speculative pricing.
The MAN DG urged that tariff proceeds be reinvested in energy infrastructure, refinery efficiency, and power support for industry, including credit for renewable transition.
Mr Ajayi-Kadir said the government should introduce incentives to attract investment in modular and conventional refineries, strengthening capacity and securing energy.
He also called for sustained engagement between refiners, marketers, regulators, and consumers to maintain policy consistency and market stability.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
NDC urges Gov Alia to probe blockade of Obi’s convoy in Benue
NDC condemned the blocking of its presidential candidate, Peter Obi, from accessing the Yelwata community in Benue to visit victims of recent killings.
Rights
Police investigate death of female guest at Calabar hotel
The police command in Cross River says it has begun an investigation into a suspected homicide involving a female guest at a hotel in Calabar.
Economy
BPP says transparent procurement system can attract FDI, boost economy
BPP says a transparent procurement system can attract foreign direct investment, boost economic growth and stimulate the development of domestic industries.
Abuja
NUJ mourns presidential media director Peter Onwubuariri
The Nigeria Union of Journalists (FCT council) described the death of Peter Onwubuariri, assistant director (media) at the Presidential Villa, as a huge loss.
World
Russia dismisses accusation of attempted Leipzig/Halle Airport drone attackÂ
The Russian Federation has refuted accusations by Germany linking Moscow to an attempted Leipzig/Halle Airport drone attack which occurred on August 4.
Politics
Kaduna APC deputy governorship candidate Adams rewards ABU first-class graduates with cash
APC’s deputy governorship candidate in Kaduna, Jerry Adams, rewarded the 2026 first-class graduates of the Faculty of Law, Ahmadu Bello University, Zaria.
