The Manufacturers Association of Nigeria (MAN) has expressed strong support for the recently approved 15% import tariff on petrol and diesel, viewing it as a patriotic policy aligned with the Nigeria-First agenda. MAN Director-General Segun Ajayi-Kadir said the tariff will strengthen local content, promote value addition, and boost refinery capacity.
Ajayi-Kadir highlighted that the tariff signals the government’s commitment to nurturing indigenous industry, securing energy supply, and improving welfare through sustainable industrial growth. It is expected to save foreign exchange, curb dumping of cheap imports, and provide a stable environment for domestic refining to thrive.
He urged transparent and coordinated implementation to prevent undue cost pressures on consumers and called for government support to local refiners, especially during peak demand seasons, alongside effective price monitoring to avoid excessive mark-ups.
MAN also recommended reinvesting tariff proceeds into energy infrastructure and incentives to attract investments in modular and conventional refineries as part of a broader strategy to strengthen Nigeria’s energy sector and support industrialisation.
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