Former IPMAN Operations Controller, Mike Osatuyi, has commended President Bola Tinubu for approving a 15% import duty on petrol and diesel, describing it as a bold step to protect local refineries and attract investors.
Osatuyi told NAN in Lagos that the policy would boost refinery operations, discourage fuel imports, create jobs, and stabilise the naira. He said the measure was more about protecting domestic investment than raising revenue.
He praised the Dangote Refinery as a “national asset” capable of meeting national demand and exporting surplus, while urging regulators to ensure fair pricing.
Osatuyi also lauded Tinubu’s directive allowing refineries to buy crude in naira, saying it would ease forex pressure.
“Tinubu has shown courage and patriotism by prioritising national interest,” Osatuyi stated.
