Abuja-based policy and governance expert, Rotimi Matthew, has claimed that a new cabal in the petroleum industry is proposing a 15% tariff on imported petrol, which will only strengthen monopoly, reduce competition and give price control to a single business.
He argues that the proposed tariff would effectively inflate pump prices and grant monopoly control to a few that currently lack the capacity to meet national consumption.
The expert urges the government to resist pressure from “cronies and vested interests” seeking personal gain under the guise of local empowerment.
