Nigeria’s fledgling refining industry has urged lawmakers to impose a sweeping 25 percent tariff on imported petrol, warning that without urgent protection from what they describe as 'dumping' of foreign fuel, billions of dollars of domestic investments could be stranded.
The Crude Oil Refinery Owners Association of Nigeria (CORAN), representing both modular and conventional refinery operators, presented the proposal to the Senate Committee on Downstream Petroleum Sector in Abuja recently. The association argued that refiners are struggling
