The presidency has defined that the not too long ago launched 15% import obligation on petrol and diesel was designed to make these imported merchandise much less aggressive and encourage native refining.
It said that the coverage can even increase home capability and be certain that Nigeria’s oil wealth interprets straight into nationwide prosperity.
This disclosure is contained in a press release issued by the Particular Adviser to the President on Media and Public Communication, Sunday Dare, on Friday, October 31, 2025.
Dare said that this can reverse the disturbing pattern of Nigeria’s heavy reliance on imported petroleum merchandise regardless of being a number one crude oil producer and preserve international trade.
The presidential spokesman famous that with this coverage, the federal authorities is shifting the market to favour native refineries corresponding to Dangote and different modular crops.
He identified that the rise in native refining and provide will assist in the moderation of costs in addition to increase jobs, funding and industrial exercise.
Dare within the assertion mentioned, ‘’It’s now not information that President Bola Ahmed Tinubu has accepted a 15 per cent import obligation on petrol and diesel — a daring and strategic transfer geared toward reshaping Nigeria’s power panorama.
‘’For years, the nation has depended closely on imported gasoline regardless of being a number one crude oil producer, draining international trade and exporting jobs that ought to have been created at house.
‘’This new coverage is designed to reverse that pattern by encouraging native refining, boosting home capability, and guaranteeing that Nigeria’s oil wealth interprets straight into nationwide prosperity.
‘’By making imported gasoline much less aggressive, authorities is tilting the market in favour of native refineries corresponding to Dangote and different modular crops, laying the groundwork for a self-sustaining and resilient power sector.
‘’As native refining ramps up and provide strengthens, costs are anticipated to average whereas jobs, funding, and industrial exercise increase.
‘’This coverage is subsequently not a burden, however a bridge — from dependence to independence, from vulnerability to energy.’’
Nairametrics had earlier reported that President Bola Tinubu had accepted a 15% ad-valorem import obligation on diesel and premium motor spirit (PMS), generally often called petrol.
The approval was contained in a letter dated October 21, 2025, the place Damilotun Aderemi, the Personal Secretary to the President, conveyed the directive to the Federal Inland Income Service (FIRS) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
In response to the letter, the choice adopted a request by the FIRS in search of the president’s consent to use a 15 per cent obligation on the associated fee, insurance coverage, and freight (CIF) worth of imported petrol and diesel to align import prices with home realities.
The proposal sought the appliance of a 15 per cent obligation on the associated fee, insurance coverage and freight worth of imported petrol and diesel to align import prices with home market realities.
The FIRS Chairman, Zacch Adedeji, in his memo to the President, defined that the measure was a part of ongoing reforms to spice up native refining, guarantee worth stability, and strengthen the naira-based oil economic system in keeping with the administration’s Renewed Hope Agenda for power safety and financial sustainability.
