Presidency defends vehicle tariff cuts as relief amid reforms
President Bola Tinubu
Abdullateef Fowewe
The Special Adviser to President Bola Tinubu on Policy Communication, Daniel Bwala, has praised recent tariff reductions as a “cushioning effect” for Nigerians enduring economic hardships from reforms like fuel subsidy removal and naira floatation.
“Our reform is providing the cushioning effect of the temporary hardship we are expected to endure for a better Nigeria,” Bwala wrote.
He highlighted benefits, “Tariff cut on cars would help in transportation. Tariff cut on palm oil and sugar helps because these are essential food items that are consumed by everyday Nigerians.”
The announcement lowers import duties on cars to 40% from 70%, crude palm oil to 28.75%, and sugar to 55-57.5% from 70%, aiming to ease transport and food costs.
Bwala framed President Tinubu’s efforts positively, “@officialABAT is working and building the house (Nigeria) while the desperadoes are seeking to pull down the house and terrorize the citizens. The choice is clear.”
