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Public affairs analyst and Executive Director of the Peering Advocacy and Advancement Centre in Africa, PAACA, Ezenwa Nwagwu, has commended the Federal Government for suspending its proposed 15 percent import duty on petrol and diesel.
Nwagwu, in a statement released on Monday, characterized the suspension as a significant relief for Nigerians who would have faced a steep rise in fuel prices had the policy been implemented.
“We applaud the Federal Government for making the right choice by suspending the tariff proposal,” he stated, adding that this development demonstrates that “when citizens and civic actors present their case with evidence and clarity, the government pays attention.”
He mentioned that the reversal of the policy underscores the importance of participatory governance and the impact of evidence-based advocacy.
Nwagwu pointed out that ongoing pressure from stakeholders may have been instrumental in encouraging the government to retract the tariff plan.
Nwagwu emphasized that halting the proposed duty will aid in stabilizing the petroleum market, reduce inflationary pressures, and protect citizens from further economic hardship.
“The suspension is more than just a policy adjustment; it represents a triumph for the voices of citizens in the policy-making process,” he remarked.
According to DAILY POST, last week, Nwagwu urged the government to “prioritize the people, not monopolies,” cautioning during a press conference in Abuja that the new tariff would disrupt competition, increase fuel prices, and exacerbate the economic difficulties already confronting Nigerians.
Frequently Asked Questions
Why did the government suspend the import duty on petrol and diesel?
The government suspended the import duty to prevent a sharp increase in fuel prices, which would have adversely affected Nigerians.
What impact does the suspension have on the economy?
The suspension helps stabilize the petroleum market, mitigates inflationary pressures, and protects citizens from additional economic hardships.
What role did public advocacy play in this decision?
Public advocacy and sustained pressure from stakeholders were crucial in prompting the government to reconsider the tariff proposal.
