Industry & Money

MAN Declares Support for 15% Import Tariff on Petrol, Diesel

Manufacturers Association of Nigeria (MAN) yesterday declared its support for the federal government’s recent approval of a 15 per cent import tariff on petrol and diesel.

MAN said it viewed the tariff as a strategic step and patriotic policy that aligned with the Nigeria First agenda and its long-standing advocacy for local content development and patronage of Made-in-Nigeria.

Director General of MAN, Segun Ajayi-Kadir, expressed those views in a press statement. Ajayi-Kadir said MAN acknowledged the major step in the implementation of the Nigeria First policy of the government.

That came as Minister of Budget and Economic Planning, Abubakar Bagudu, yesterday urged German companies to support the federal government’s ambitious drive towards achieving a $1 trillion economy by 2030.

Speaking in Abuja, while hosting a delegation from the Giessen-Friedberg Chambers of Commerce from Germany, Bagudu stated that President Bola Tinubu had outlined a bold plan to accelerate the country’s economic growth to realise the target.

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