x

15% import duty deferment: Coalition warns against strangulating local industries

Nigerian Coalition of Civil Society Organisations, NCCSO, has faulted the directive of the federal government’s deferment of the 15% import duty on premium motor spirit (PMS) and diesel to the first quarter of 2026 describing it as strategic move to strangulate local refineries and also victory for foreign fuel importers and their local collaborators.

NCCSO expressed this displeasure on Thursday in press statement issued in Abuja by its National Spokesperson, Comrade Mustapha Ahmed, saying the deferment to first quarter of 2026 must be wrong and should be totally discouraged, with no further extensions.

They said the government must resist pressures from international traders and uphold its commitment to energy independence, calling on all relevant agencies to monitor imports to prevent market distortion during the deferment period.

According to the coalition, “The deferment is a temporary win for importers but a setback for Nigeria’s refining future. President Bola Tinubu must remain resolute and protect Nigeria’s local industries from external manipulation”, NCCSO said.

The statement further reads: “The NCCSO expresses deep concern over the Federal Government’s decision to defer the commencement of the 15% ad-valorem import duty on Premium Motor Spirit (PMS) and Diesel to the first quarter of 2026, as contained in the memo approved by President Bola Ahmed Tinubu, GCFR, on November 7, 2025.

“While the decision is presented as an administrative adjustment for “technical alignment,” it is in fact a strategic victory for foreign fuel importers and their local collaborators, whose agenda is to keep Nigeria dependent on imported products and frustrate the growth of local refineries such as Dangote Refinery and other modular plants ready for operation.

“The Federal Inland Revenue Service (FIRS), led by Dr. Zacch Adedeji, Ph.D., had earlier proposed the levy to promote local refining, stabilize market prices, and ensure competitive balance — in line with the Renewed Hope Agenda. However, this deferment gives importers time to flood the market with imported fuel, thereby undermining local production and discouraging investment”.

Hot this week

Many Feared Dead as Explosion Hits Zamfara Highway

Several travellers are feared dead following a suspected bomb...

EFCC Calls for Greater Accountability in Fight Against Corruption, Links Graft to Insecurity

By Francis WilfredThe Executive Chairman of the Economic and...

RCCG FCT 6 distributes food items to about 200 Widows to Mark Christmas feast

The Redeemed Christian Church of God, Mission Department FCT...

Middle Belt Group Lauds President Tinubu’s Intervention In Benue APC Crisis

***Says Speaker Abbas Right Man to Deliver on Lasting...

Death of Kano Lawmakers a Major Blow to Government, Assembly — NNPP Chairman

By Jabiru HassanThe New Nigeria Peoples Party (NNPP) in...

OLUSEGUN AWOLOWO (1963-2025) AND THE LEGACY OF PRINCELY SERVICE

By: Amb Godknows IgaliThe sudden departure of...

One Strike Cannot Solve Nigeria’s Security Crisis — Ex-US Army Captain

A retired United States Army captain, Bish Johnson, has...

Many Feared Dead as Explosion Hits Zamfara Highway

Several travellers are feared dead following a suspected bomb...

Wike Praises Rivers Assembly Members for Supporting Tinubu

By Joyce Remi-BabayejuThe FCT Minister, Barr. Nyesom Wike has...

2027 Polls: My Support for Asiwaju Tinubu Is Unconditional, Wike Reaffirms

By Joyce Remi-BabayejuThe FCT Minister, Barr. Nyesom Wike vowed...

NWF Schedules National Trials for Four Women’s Weight Classes Ahead of 2026 International Events

The Nigeria Wrestling Federation (NWF) has scheduled national trials...

Fanwo Hails Rep Abejide’s N710m Community Project Grants in Yagbaland

By Noah Ocheni, LokojaThe Kogi State Commissioner for Information...

Former ECWA Vice President Rev. Bello Misal Dies at 85

Former Vice President of the Evangelical Church Winning All...

Related Articles

Popular Categories

spot_imgspot_img