Coalition faults deferment of 15% petrol tax
The Nigerian Coalition of Civil Society Organisations (NCCSO) has faulted the suspension of 15 per cent of valorem import duty on imported Premium Motor Spirit and Diesel. In a statement on Thursday signed by its National Spokesperson, Comrade Mustapha Ahmed, the coalition noted that the decision to suspend the implementation has given importers time to […]
The Nigerian Coalition of Civil Society Organisations (NCCSO) has faulted the suspension of 15 per cent of valorem import duty on imported Premium Motor Spirit and Diesel.
In a statement on Thursday signed by its National Spokesperson, Comrade Mustapha Ahmed, the coalition noted that the decision to suspend the implementation has given importers time to flood the market with imported fuel, thereby undermining local production and discouraging investment.
It added: “In fact it is 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 Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) had announced the suspension of the policy on its official X handle on Thursday.
But the coalition argued that the deferment to Q1 2026 was wrong and should be totally discouraged, with no further extensions.
The statement said: “The government must resist pressures from international traders and uphold its commitment to energy independence.
“All relevant agencies should monitor imports to prevent market distortion during the deferment period.
“The deferment is a temporary win for importers but a setback for Nigeria’s refining future. NCCSO urges President Tinubu to remain resolute and protect Nigeria’s local industries from external manipulation.”
The Federal Inland Revenue Service (FIRS), led by Dr. Zacch Adedeji, had earlier proposed the levy to promote local refining, stabilize market prices, and ensure competitive balance — in line with the Renewed Hope Agenda.