The Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) has commended the Federal Government’s decision to impose a 15% tax on imported petrol and diesel, describing it as a bold and strategic move that will stimulate economic growth, encourage local production, and create employment opportunities for Nigeria’s growing youth population.
ECCIMA has long maintained that the naira cannot appreciate while over 80% of the nation’s needs remain import dependent. Excessive importation of finished goods continues to weaken the currency, especially when these goods can be produced locally. By imposing higher tariffs on products that can be manufactured within Nigeria, the government is taking a critical step toward protecting and revitalizing local industries.
