By Blaise Udunze In a welcome display of policy sensitivity and economic rationality, the Federal Government has suspended the planned 15 percent ad-valorem import duty on petrol and diesel. This move, announced by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), is more than a technical adjustment, it is a timely intervention that reflects empathy for the prevailing economic realities confronting citizens and businesses alike. Just weeks ago, in my earlier article titled, “Tinubu’s 15% Fuel Duty: Taxing Pain in a Broken Economy,” I had argued that the proposed…
Read MoreFG’S SUSPENSION OF 15% FUEL IMPORT DUTY: A HOLISTIC STEP TOWARD ECONOMIC RELIEF AND MARKET STABILITY
