Nigeria, Nov. 13 -- The Nigerian government on Thursday said the implementation of a 15 per cent import duty on petrol and diesel, recently announced by President Bola Tinubu, is "no longer in view".

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) made this known in a statement signed by its Director, Public Affairs Department, George Ene-Ita and posted on its X handle on Thursday.

"The implementation of the 15 per cent ad-valorem import duty on imported Premium Motor Spirit (petrol) and Diesel is no longer in view," the statement said.

Last month, Mr Tinubu approved a 15 per cent import duty on petrol and diesel. The government stated that the directive aimed to "strengthen local refining capacity, and en...