Why Tinubu’s 15% import duty on petrol is good for Nigeria – Rewane
[NigerianEye - Nigeria] - 31/10/2025
Popular economist and chief executive of Financial Derivatives Company Limited, Bismark Rewane, explained that President Bola Ahmed Tinubu’s approval of a 15 per cent import duty on petrol and diesel is good for the country. Rewane, speaking in an interview on Channels TV, said the import tariff is designed to encourage local production of petroleum products. According to the policy, it is aimed to discourage imports and retain jobs in Nigeria. “Petrol import duty is good for the country. Why is it good? Because it encourages domestic production. Anytime you import, you are actually (…)
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