HEDA Urges Tinubu to Suspend 15% Fuel Import Tariff Amid Worsening Economic Hardship
The Human and Environmental Development Agenda (HEDA Resource Centre) has urged President Bola Ahmed Tinubu to suspend the implementation of the newly approved 15 per cent ad valorem import tariff on petrol and diesel. The group warned that enforcing the policy at this time could worsen the economic hardship currently being faced by millions of Nigerians.
In a statement issued by its Chairman, Olanrewaju Suraju, HEDA acknowledged that the tariff was designed to protect local refineries and stabilize Nigeria’s downstream oil sector. However, Suraju cautioned that introducing such a levy amid high inflation and stagnant wages could trigger another round of fuel price hikes—possibly pushing the pump price beyond ₦1,000 per litre. He noted that the move might have “a devastating multiplier effect” on transportation, manufacturing, and the cost of essential goods.
HEDA emphasized that while the government’s intention to promote local refining and reduce dependence on imported petroleum products is commendable, the timing is counterproductive. The organization called on the Federal Government to prioritize policies that relieve citizens of economic pressure rather than add to their burden. It also advised that any reforms in the downstream sector should be gradual and inclusive to avoid social unrest.
Meanwhile, a public health expert, Dr. Tosin Akeredolu, has called for massive investment in Nigeria’s livestock and veterinary sectors, describing the importation of frozen meat, poultry, and fish as unnecessary and risky. Speaking during the 50th anniversary celebration of the Department of Veterinary Public Health and Preventive Medicine at the University of Ibadan, Akeredolu warned that continued reliance on frozen food imports could undermine local agriculture and pose potential health threats.
Representing the Vice-Chancellor of the University of Ibadan, the Deputy Vice-Chancellor (Academic), Prof. Juwon Tunde Arotiba, commended the department for its contributions to food safety and public health. Similarly, Oyo State’s Secretary to the State Government, Prof. Olanike Adeyemo, praised the department’s role in bridging the gap between animal and human health, describing it as central to Nigeria’s food security and disease prevention efforts.
source: The Guardian