Ensure transparency in managing revenue from 15% import duty on petrol – CRVN to Tinubu
The Conference of Registered Voters in Nigeria, CRVN, has described President Bola Ahmed Tinubu’s approval of a 15 percent import duty on petrol and diesel as a win-win policy that will transform Nigeria’s petroleum sector, protect local investments, and advance the nation’s drive toward energy independence. In a statement issued on Saturday, the group’s National
Ensure transparency in managing revenue from 15% import duty on petrol – CRVN to Tinubu
The Conference of Registered Voters in Nigeria, CRVN, has described President Bola Ahmed Tinubu’s approval of a 15 percent import duty on petrol and diesel as a win-win policy that will transform Nigeria’s petroleum sector, protect local investments, and advance the nation’s drive toward energy independence.
In a statement issued on Saturday, the group’s National President, Dr Ebikeme Edesiri, commended President Tinubu for his bold and strategic approach to economic reform, saying the policy demonstrates foresight and genuine commitment to building a resilient domestic economy.
Edesiri noted that the decision is not punitive but protective, designed to shield Nigeria’s refining industry from unfair competition, promote job security, and strengthen investor confidence.
“This policy is a win-win for government, industry, and the people. By curbing the influx of cheap imported fuel, we will be protecting the huge investments made in domestic refining. It is a practical step toward energy independence and national pride,” the statement reads.
The CRVN further explained that the policy would attract more investors to the energy sector, create employment opportunities, strengthen the naira, and boost government revenue for national development.
Dr Edesiri said the measure aligns with President Tinubu’s broader economic reform agenda, which includes the removal of fuel subsidies, the unification of the exchange rate, and the diversification of non-oil revenue sources, aimed at positioning Nigeria for sustainable growth.
“Each of these reforms reflects a consistent and visionary economic direction. President Tinubu is not playing politics with policy; he is making tough but necessary decisions that will secure Nigeria’s economic future,” Edesiri stated.
The group urged the federal government to ensure transparency in the management of revenue generated from the import duty and channel the funds toward critical infrastructure, including roads, power, and healthcare.
The CRVN also appealed to Nigerians to remain patient and supportive of the reforms, emphasizing that no nation achieves self-sufficiency overnight.
“What we are witnessing is a deliberate rebuilding of our economy from within. It requires the cooperation of every Nigerian,” the group admonished.
Edesiri concluded by describing the import duty as an act of national renewal, reaffirming CRVN’s confidence in President Tinubu’s leadership and his vision of economic independence.
“This 15 percent import duty will protect Nigerian refineries, stimulate growth, and secure jobs. We stand solidly behind the President and his reform agenda that brings development closer to the common man,” he added.
Ensure transparency in managing revenue from 15% import duty on petrol – CRVN to Tinubu
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Read moreFG Rejects Trump’s Designation of Nigeria as ‘Country of Particular Concern’
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Michael Olugbode in Abuja
The Federal Government has rejected President Donald Trump designation of Nigeria as a “Country of Particular Concern”.
The government said these claims do not reflect the situation on the ground.
A statement by the Spokesperson of the Ministry of Foreign Affairs, Kimiebi Ebienfa, explained that Nigerians of all faiths have long lived, worked, and worshipped together peacefully.
He stressed that the President Bola Tinubu administration remains committed to fighting terrorism, strengthening interfaith harmony, and protecting the lives and rights of all its people.
Ebienfa said the country will continue to engage constructively with the Government of the United States, with the essence to deepen mutual understanding of regional dynamics and the country’s ongoing peace and security efforts.
The statement read: “The Federal Government of Nigeria notes the recent remarks by U.S. President Donald J. Trump alleging large-scale killings of Christians in Nigeria and calling for the country’s designation as a “Country of Particular Concern.”
“While Nigeria appreciates global concern for human rights and religious freedom, these claims do not reflect the situation on the ground. Nigerians of all faiths have long lived, worked, and worshipped together peacefully.
“Under the leadership of President Bola Ahmed Tinubu, Nigeria remains committed to fighting terrorism, strengthening interfaith harmony, and protecting the lives and rights of all its people.
“Nigeria will continue to engage constructively with the Government of the United States to deepen mutual understanding of regional dynamics and the country’s ongoing peace and security efforts.”
Michael Olugbode in Abuja The Federal Government has rejected President Donald Trump designation of Nigeria as a “Country of Particular Concern”. The government said these claims do not reflect the
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Blessing Ibunge in Port Harcourt
The Managing Director of Niger Delta Development Commission (NDDC), Dr. Samuel Ogbuku, has dissociated himself from a recent report in the media attributing his rumoured arrest to the Bayelsa State Governor, Senator Douye Diri.
In a statement signed by his Senior Advocate on Media, Willie Etim, the NDDC boss condemned in very strong terms the news report attributed to a former Deputy National Publicity Secretary of the All Progressives Congress (APC).
Ogbuku further condemned the alleged report which insinuated a rift between himself and the governor, and cautioned that there is no rivalry in the APC family in Bayelsa State.
“It is also important to clarify that any comments or opinions expressed by anyone on political matters in Bayelsa State should be regarded strictly as their personal views and not as a representation of the views or position of Dr. Ogbuku.
“The attempt to link the governor to political controversies or rumours of arrest is both misleading, mischievous and unnecessary,” Etim stated.
The statement added, “We want to use this medium to express our sincere apology for any embarrassment the publications may have caused the governor and call on all party faithful to exercise restraint in public commentary, especially when such remarks could mislead the public or misrepresent facts.”
Blessing Ibunge in Port Harcourt The Managing Director of Niger Delta Development Commission (NDDC), Dr. Samuel Ogbuku, has dissociated himself from a recent report in the media attributing his rumoured arrest to the
Read moreIHK Giessen-Friedberg Lauds Lai Mohammed’s Role in Strengthening Nigeria-German Cooperation
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Ndubuisi Francis in Abuja
The Chief Executive Officer, IHK Giessen-Friedberg Chambers of Commerce and Industry, Dr. Matthias Leder, has applauded the pivotal role of Nigeria’s former Minister of Information and Culture, Alhaji Lai Mohammed, in helping its organisation expand the quality and reach of vocational training in Nigeria.
This, he said, resulted in measurable impacts on youth employment, technical education, and business competitiveness.
Leder’s commendation came during a virtual press conference preceding the arrival of a delegation of IHK
Giessen-Friedberg on November 2 for a two-week visit to Nigeria.
He stated that since 2005, IHK Giessen-Friedberg worked closely with Nigerian chambers and associations to expand the quality and reach of vocational training, with measurable impacts on youth employment, technical education, and business competitiveness.
“This enduring relationship has grown significantly in recent years—thanks to the pivotal role played by Nigeria’s former Minister of Information and Culture, Alhaji Lai Mohammed, whose leadership helped elevate the cooperation to a new strategic level
“Over the past two years alone, IHK Giessen-Friedberg has undertaken two official missions annually to Nigeria.
“Similarly, Alhaji Lai Mohammed has twice participated in Giessen’s prestigious international B2B conference, ‘The World Meets in Giessen’, first as a keynote speaker and later as a panelist.
“These engagements have deepened the mutual understanding between both nations and opened new avenues for investment, trade, and skills transfer,” he said.
Leder reaffirmed IHK Giessen-Friedberg’s longstanding commitment to strengthening vocational training, institutional development, and private sector cooperation with Nigeria.
“This follows two decades of sustained partnership between the IHK and key Nigerian institutions in promoting youth skills development, entrepreneurship, and international business collaboration,” he said.
He disclosed that the 2025 edition of the World Meets in Giessen International B2B Conference, envisioned as ‘the Davos for SMEs’, will host participants from 14 countries across Africa, Europe, Asia, and the Middle East, including Nigeria, Kenya, Egypt, India, and Brazil.
According to him, the event, featuring keynote sessions, expert panels, AI-enabled business match-making, and international tenders is now emerging as a global meeting point for small and medium enterprises.
“Alhaji Lai Mohammed, who was the keynote speaker in 2024 on ‘The Event Industry as an Emerging Sector in Nigeria’, will again participate as a panelist in 2025,” Leder said.
Ndubuisi Francis in Abuja The Chief Executive Officer, IHK Giessen-Friedberg Chambers of Commerce and Industry, Dr. Matthias Leder, has applauded the pivotal role of Nigeria’s former Minister of Information and Culture, Alhaji Lai
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