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The Pros And Cons As President Tinubu Approves 15 percent Import Duty On Fuel

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By Yusuf Danjuma Yunusa

President Bola Tinubu has approved a 15 per cent import duty on petrol and diesel, a controversial move in which the government described as a tool to supporting local refining and boosting energy security, but which critics say could lead to an increase in fuel price.

The president’s approval was contained in a letter with reference no: PRES8197/HAGF/100/71/FIRS/40/88-2/NMDPRA/2, dated 21 October. The letter was addressed to the Attorney General of the Federation and Minister of Justice, Federal Inland Revenue Service (FIRS) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

The tariff allows for a 30-day window and adds to the controversy around petrol import and production in Africa’s largest oil producer.

The letter, titled ‘Re: introduction of a market-responsive import tariff framework on Premium Motor Spirit (PMS) & Diesel,’ was signed by Damilotun Aderemi, the Private Secretary of the President.

The president’s approval followed a request by FIRS Chairman, Zacch Adedeji, for the government to apply the tariff to align import costs with domestic realities.

Mr Adedeji said the duty, applied to the Cost, Insurance, and Freight (CIF) value, is expected to increase petrol prices by approximately N99.72 per litre. Despite this, Lagos pump prices are projected to remain around N964.72 per litre ($0.62), which is still lower than in neighbouring countries like Senegal, Côte d’Ivoire, and Ghana, he said.

He added that the tariff is not revenue-driven but corrective, aimed at aligning import costs with domestic realities while preserving affordability, noting that the implementation would commence after a 30-day transition window, allowing importers to adjust cargoes already in transit and ensuring a smooth rollout without market disruption.

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“The core objective of this initiative is to operationalise crude transactions in local currency, strengthen local refining capacity, and ensure a stable, affordable supply of petroleum products across Nigeria aligning with Your Excellency’s Renewed Hope Agenda for security and fiscal sustainability,” the FIRS chief wrote to the president.

Nigeria currently has no publicly functioning refinery, with the Dangote refinery producing almost all of the West African giant’s locally refined petroleum products.

Although Dangote refinery insists it can produce all of Nigeria’s local petrol needs, problems with regulators and other players in the downstream oil sector have ensured that the country continues to import about 15 per cent of its petrol needs.

President Tinubu’s directive is basically to ensure that imported petrol is not significantly cheaper than that produced by Dangote refinery.

Conversely, major marketers of petroleum products yesterday warned that the introduction of the 15 per cent import duty on petrol and diesel could signal another round of fuel price increase.

The approval of the duty by President Bola Ahmed Tinubu is causing division in the downstream sector of the oil and gas industry with some economic experts applauding the move as a welcome development aimed at discouraging importation of petroleum products and supporting local refineries, while others express worry over likely hike in prices of petroleum products.

“The issue around capacity that Dangote Refinery talked about is contestable and I don’t think the capacity is there yet. So if you are imposing this duty, it means we should be prepared for a new regime of fuel price increase.

“The truth is we are not getting enough from the refinery and we know that when we order from Dangote Refinery, we don’t get it on time,” one of the major marketers who spoke in confidence said.

Speaking with journalists, the Managing Director of 11PLC (formerly Mobil), Otunba Tunji Oyebanji said, “15 per cent to the government is a lot of revenue to the government but higher prices for Nigerians.”

The president of the Independent Marketers’ Association of Nigeria (IPMAN), Alhaji Abubakar Maigandi, in a chat with the correspondent of Daily Trust said the association would make its position known on Monday.

However, a former General Secretary of IPMAN, Mike Osatuyi, welcomed the move which he stated would support investment by the local refineries.

“The purpose is mainly to protect our local refineries. For decades, Nigeria has been known for importation of petroleum products and we are used to it. We are providing employment for the foreign countries at the expense of the economy of Nigeria.

“So Dangote wants to go to 1.4m barrels per day which is going to be the biggest in the whole world. By the time it comes up, then other refineries too are coming up, BUA Refinery too is coming up, all these local refineries need to be protected.

“If we didn’t do what the president has done we would kill the local refineries. So it is a good policy.”

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IGP Disu Commits to Fallen Officers’ Legacies with N2.4 Billion Payout to Next-of-Kin

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By Yusuf Danjuma Yunusa

The Inspector-General of Police, Olatunji Disu, has presented cheques totalling N2.4 billion to 1,075 beneficiaries and next-of-kin of deceased police officers under the Group Life Assurance and IGP Family Welfare Schemes.

According to a statement on Wednesday signed by the Force Public Relations Officer, Anthony Placid, the presentation took place at the Force Headquarters, Abuja.

The cheques, “amounting to ₦2,435,421,584.11, cover policy years 2018/2019, 2020/2021, 2021/2022, 2022/2023, as well as 2024/2025 and 2025/2026, including outstanding insurance claims recovered from previous years.”

In her remarks, the Force Insurance Officer, Lydia Ameh, said the disbursement reflects “the determination of the IGP Olatunji Disu to prioritise the welfare of officers and their families.”

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She noted that “the payments represent recoveries from long-standing insurance obligations” and added that “decisive steps have been taken to ensure compliance by insurance providers and prevent delays in claims settlement.”

Ameh further reaffirmed “the commitment of the Force Insurance Unit to efficient, transparent, and accountable service delivery.”

In his response, the IGP described the ceremony as “a solemn recognition of the sacrifices made by officers who lost their lives in the line of duty,” noting that the welfare of personnel remains a central pillar of his administration.

He stated that the presentation “goes beyond financial support,” adding that it represents “the Force’s enduring obligation to honour the courage, service, and commitment of its fallen heroes while standing firmly by their families.”

Disu assured all that “efforts would be intensified to strengthen welfare frameworks, improve administrative efficiency, and eliminate delays in the processing and disbursement of benefits.”

He also noted that “the Force will leverage modern technology to enhance transparency, streamline claims processing, and ensure accountability in welfare administration.”

The Nigeria Police Force reiterated its commitment, stating that the sacrifices of fallen officers “remain invaluable to the peace, security, and stability of the nation.”

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Zakatul Fitr: The Final Act of Ramadan’s Compassion and Purification”

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By Yusuf Danjuma Yunusa

As the blessed month of Ramadan draws to a close, Muslims turn their attention to one of its final acts of worship: Zakatul Fitr. More than just a charitable donation, this obligation is a profound act of purification and social solidarity, completing the spiritual journey of the month. Its performance, guided by clear prophetic traditions, ensures that its spiritual and social objectives are beautifully fulfilled.

Zakatul Fitr is a duty incumbent upon every Muslim who possesses the means beyond their basic needs for themselves and their family. The Prophet Muhammad (peace be upon him) clearly established this, declaring: “The Messenger of Allah made Zakatul Fitr obligatory upon every Muslim—free or slave, male or female, young or old.” (Bukhari & Muslim).

This universality is a powerful reflection of Islam’s inclusive spirit. It ensures that every household that is able can participate in a collective act of compassion, supporting the less fortunate and weaving a tighter fabric of community care.

The amount set for Zakatul Fitr is one ṣā‘ of a household’s staple food. Classical scholars describe a ṣā‘ as a volume measure roughly equivalent to 2.5 to 3 kilograms of common food items like rice, wheat, dates, or barley. The head of the household is responsible for fulfilling this duty on behalf of all dependents, including children and those under their care. This system guarantees that every member of the community, even the youngest, contributes to uplifting the poor, reinforcing the principle of shared responsibility.

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Timing is essential for Zakatul Fitr to achieve its intended purpose. The charity must be given before the Eid prayer. The Prophet (peace be upon him) instructed that it be distributed before people set out for the prayer, so that the needy may benefit from it in time to celebrate Eid al-Fitr with dignity and joy. Recognizing the logistical challenges of distribution, scholars permit giving the Zakat a day or two before Eid. This flexibility facilitates the process, ensuring it reaches those who need it most in a timely manner.

The primary recipients of Zakatul Fitr are the poor and the needy. By providing them with the means to partake in the Eid festivities, this charity prevents their social exclusion and transforms Eid into a genuine celebration for the entire community. It is a tangible expression of the principle that joy is meant to be shared.

In contemporary contexts, many scholars permit giving the equivalent monetary value, allowing recipients the flexibility to address their most pressing needs. This opinion is followed when it is deemed more beneficial, though the original Sunnah emphasizes the distribution of food.

Reflecting on Zakatul Fitr reveals the profound practical wisdom within Islam. It ensures that the intense worship of Ramadan does not remain a private spiritual exercise but instead culminates in a visible act of social responsibility. As believers conclude their month of fasting with gratitude to Allah for His blessings, they channel that gratitude into generosity toward others.

Thus, Zakatul Fitr stands as the final, defining gesture of Ramadan. It is a powerful symbol of personal purification, sincere compassion, and communal harmony, ensuring that the joy of Eid is not a private privilege but a shared blessing for all members of society.

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Eid-el-Fitr: FG Declares Thursday, Friday Public Holidays

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By Yusuf Danjuma Yunusa

The Federal Government has officially declared Thursday, March 19, and Friday, March 20, 2026, as public holidays to celebrate Eid-el-Fitr, marking the end of the holy month of Ramadan.

The announcement was made on Tuesday by the Minister of Interior, Olubunmi Tunji-Ojo, in a statement issued on behalf of the Federal Government by the ministry’s Permanent Secretary, Magdalene Ajani.

In the statement, the Minister extended warm greetings and heartfelt congratulations to the Muslim Ummah for the successful completion of the Ramadan fasting period.

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Tunji-Ojo encouraged the Muslim faithful to uphold the profound spiritual values fostered during the holy month. He emphasized the importance of sustaining the virtues of love, generosity, peace, tolerance, and sacrifice in their daily lives.

He also called on all Nigerians to leverage the festive occasion to offer special prayers for the nation’s continued peace, unity, and prosperity.

While wishing all Muslims a joyous and blessed Eid-el-Fitr, the Minister urged citizens to celebrate responsibly. He specifically encouraged acts of kindness and generosity towards the less privileged in society, embodying the spirit of the season.

The Minister reaffirmed the Federal Government’s steadfast commitment to fostering national unity and promoting peaceful coexistence among the diverse communities in Nigeria.

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