The newly authorized 15% import tax on gasoline and diesel, according to the Manufacturers Association of Nigeria (MAN), will boost local content and increase support for Made-in-Nigeria products. The Director-General of MAN, Mr. Segun Ajayi-Kadir, made this claim in a statement on Wednesday in Lagos. In line with the Nigeria-First vision and MAN’s persistent advocacy for local content and patronage, he characterized the tariff as a strategic and patriotic move.He claims that the ruling gives producers confidence that the government is still dedicated to fostering domestic industry and bolstering national capability. According to him, the strategy demonstrated a commitment to safeguard the country’s resources, ensure the supply of energy, and enhance Nigerians’ well-being via sustainable industrial growth. The tax will encourage value addition, increase refinery capacity, preserve foreign exchange, and assist long-term industrialization, according to Ajayi-Kadir. He said that it would stop dumping, safeguard regional producers, and create a stable climate for the expansion of new domestic refineries.
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