๐๐ข๐ญ๐ก๐๐ซ๐๐ฐ ๐๐% ๐๐ฎ๐๐ฅ ๐ข๐ฆ๐ฉ๐จ๐ซ๐ญ ๐๐ฎ๐ญ๐ฒ, ๐๐๐ ๐ญ๐๐ฅ๐ฅ๐ฌ ๐๐ข๐ง๐ฎ๐๐ฎ
The African Democratic Congress (ADC) has urged President Bola Tinubu to reverse the recently approved 15 per cent import duty on petrol and diesel, describing the policy as harsh and insensitive to the current economic realities faced by Nigerians.
In a statement released on Friday by its spokesperson, Bolaji Abdullahi, the party condemned the decision, arguing that it would worsen the hardship of millions of citizens already struggling with the rising cost of living. The ADC maintained that any economic policy that inflicts pain on the populace under the guise of reform was counterproductive and unsustainable.
President Tinubu had earlier approved a 15 per cent ad valorem import duty on petroleum products as part of a โmarket-responsive tariff frameworkโ designed to protect local refineries and stabilise the downstream sector. However, the policy has sparked backlash, with experts and marketers warning that it could push petrol prices above โฆ1,000 per litre.
The ADC criticised the governmentโs justification for the levy, pointing to the failure of the Port Harcourt refinery just months after a $1.5 billion rehabilitation project. โA government that cannot run its own refineries has no moral right to tax those keeping the country running,โ the statement read.
The party demanded the immediate withdrawal of the policy, urging the administration to focus instead on transparent investments that would boost domestic refining capacity. It warned that persisting with the fuel import duty would only deepen economic misery and further erode public confidence in the governmentโs reform agenda.
