Rotimi Matthew: 15% Tariff – Why the Federal Government memo gets everything wrong

The recent government memo proposes a 15% tariff on fuel imports, claiming it will deliver “national energy security” and “market stabilisation.” Let’s examine these generous fictions. “This Will Reinforce Energy Security” Apparently, energy security now means making fuel scarce and expensive. The Dangote Refinery produces far below Nigeria’s 66-million-litre daily demand, yet the...