Nigeria, Nov. 2 -- Nigeria's quest for a robust industrialisation capable of powering enduring growth and creating job opportunities hinges on sheltering local industries from unfair competition and other external vulnerabilities businesses face due to indiscriminate trade liberalisation, according to the Centre for the Promotion of Private Enterprise.

The private sector advocacy organisation is upbeat that President Bola Tinubu's approval of a 15 per cent import duty on refined petroleum products is a positive move significant to Nigeria's industrial growth and energy security.

"Nigeria's journey to sustainable industrialisation must be anchored on strategic, time-bound protectionism, not indiscriminate liberalisation," CPPE said in a ...