ADC lauds Tinubu over 15% fuel import tariff reversal
The African Democratic Congress (ADC) has commended President Bola Tinubu for reversing the planned 15 per cent import duty on imported petrol and diesel products.
A statement by its National Publicity Secretary Malam Bolaji Abdullahi, said the party claimed credit for the tariff reversal after warning, it would worsen economic hardship.
Abdullahi added that the government should think through its policies before making pronouncements that are later reversed, creating uncertainty and reducing confidence in national administration.
He noted that following its October statement, the ADC was pleased that the government heeded its call to reverse the 15 per cent fuel import duty.
He added that although the decision was welcomed, the party remained concerned that this marked the seventh time in two years the government reversed its policies.
He reiterated that the proposed levy, if it happened, could push petrol prices above N1, 000 per litre, worsening conditions for families, commuters, transporters and small businesses.
The party questioned why the government considered taxing imported fuel without first ensuring local production capacity.
It added that conflicting statements from different government agencies regarding the reversal indicated confusion and disorganisation, further undermining confidence in the administration’s handling of matters.
Abdullahi affirmed that the ADC would continue standing with Nigerians and speaking against any decision that threatens citizens’ wellbeing
