The Human and Environmental Development Agenda (HEDA Resource Centre) has called on President Bola Ahmed Tinubu to reconsider the recently approved 15 percent ad valorem import tariff on petrol and diesel, warning that the move could worsen the current economic hardship faced by Nigerians.
In a statement issued and signed by HEDA’s Chairman, Olanrewaju Suraju, the civil society organization cautioned that while the tariff was introduced to protect local refineries and stabilise the downstream oil sector, its implementation at this time could trigger another increase in fuel prices, potentially pushing the pump price above ₦1,000 per litre. The group noted that such a development would have severe ripple effects on transportation, production costs, and the prices of essential goods.
According to HEDA, the federal government’s intention to encourage local refining and reduce dependency on imports is commendable but must be approached with caution to avoid worsening the suffering of citizens.
“Policies that seek to protect local industries are laudable, but they must be timed and executed in a way that does not overburden citizens already grappling with inflation and rising costs of living,” Suraju stated.
The organisation also stressed that the removal of fuel subsidy had already placed significant strain on household incomes and small businesses. Adding another tariff, it argued, would further weaken purchasing power and widen economic inequalities.
HEDA therefore urged President Tinubu to suspend the implementation of the 15 per cent tariff until the country’s refining capacity improves and adequate cushioning measures are put in place to mitigate the impact on consumers. The group further recommended a gradual, inclusive transition plan that involves consultations with civil society groups, labour unions, and industry stakeholders.
While reaffirming support for policies that promote clean energy security, environmental responsibility, and domestic industrialisation, HEDA called for fairness and empathy in policy formulation across all levels and Nigeria’s fidelity to its energy transition commitments.
“The government across all levels must demonstrate sensitivity to the realities of Nigerians. A humane reform process is essential to sustain public trust and ensure the success of any Agenda.” He emphasized.
The civil group maintained that although the Petroleum Industry Act empowers the government to introduce fiscal measures in the oil sector, such policies must be implemented with human face and a clear focus on public welfare.
