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Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC - Politics - Nairaland

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Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by Deborahj(f): 11:30pm On Jun 02, 2023
Petrol prices have almost doubled in Benin after it was announced that fuel subsidies would be scrapped in next-door Nigeria.

Nigeria is one of Africa's oil giants and subsidised petroleum products are routinely smuggled into Benin, where they're mostly sold by the roadside and serve a large part of the population

Popularly called kpayo - which means "unoriginal" in Goun, a native language - it is cheaper than fuelling up at stations, local media reported.

Nigeria's new President Bola Tinubu had in his inauguration speech said fuel subsidy was "gone", an announcement that triggered panic-buying and a surge in fuel prices.

It was later clarified that it would be phased out in the coming weeks.



https://www.bbc.co.uk/news/live/world-africa-65361205?ns_mchannel=social&ns_source=twitter&ns_campaign=bbc_live&ns_linkname=6479f44237572a107394cbd9%26Benin%20petrol%20prices%20soar%20as%20Nigeria%20moves%20to%20end%20subsidy%262023-06-02T14%3A01%3A26.607Z&ns_fee=0&pinned_post_locator=urn:asset:66ce8747-9103-434c-baa0-11a398e99cc8&pinned_post_asset_id=6479f44237572a107394cbd9&pinned_post_type=share

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Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by Standing5(m): 7:00am On Jun 03, 2023
That's how rife the smuggling was. What are border patrol for.

4 Likes

Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by dokyOloye: 7:23am On Jun 03, 2023
Standing5:
That's how rife the smuggling was. What are border patrol for.
Exactly.
So Nigerians have to pay more because the zoo customs service,zoo immigration service, zoo police, dss etc have refused to do their job

22 Likes 1 Share

Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by Is04970: 7:24am On Jun 03, 2023
Standing5:
That's how rife the smuggling was. What are border patrol for.
Good question but then it makes no sense for successive govt to continue to borrow to pay subsidy.

9 Likes 1 Share

Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by Standing5(m): 7:32am On Jun 03, 2023
dokyOloye:

Exactly.
So Nigerians have to pay more because the zoo customs service,zoo immigration service, zoo police, dss etc have refused to do their job
Zoos exist in hands of zoo management team. That leave the govt overseeing the zoo immigration services, zoo police, zoo custom service an animal one.

1 Like

Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by KingKO22: 7:51am On Jun 03, 2023
NzogbuNzogbu:
Yoruba people have turned the entire thing on its head

Wetin concern is with Benin republic, did Gej not say he want to remove subsidy when things where a lot better than yet Yoruba protested

Nigerians are suffering beyond suffering
Cry responsibility 🤣😀😂

7 Likes

Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by Perfectbeing(m): 7:58am On Jun 03, 2023
Standing5:
That's how rife the smuggling was. What are border patrol for.
Nigeria border is over 4500km. That's more than 5X the distance of Lagos to Abuja. How many customs, soldiers, Immigration officers can man that length?

10 Likes 1 Share

Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by Is04970: 7:59am On Jun 03, 2023
NzogbuNzogbu:
Yoruba people have turned the entire thing on its head

Wetin concern is with Benin republic, did Gej not say he want to remove subsidy when things where a lot better than yet Yoruba protested

Nigerians are suffering beyond suffering
Shame on you.

4 Likes 1 Share

Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by Standing5(m): 8:28am On Jun 03, 2023
Perfectbeing:
Nigeria border is over 4500km. That's more than 5X the distance of Lagos to Abuja. How many customs, soldiers, Immigration officers can man that length?
Nigeria is 900 thousand sqkm yet DSS claims to have ear in every nook and crany. Why not employ 20,000 personal and pay them N75k to infiltrate smugglers? That's N20b a year and about what goes to subsidy in a day or two. That same border suddenly became tight in security when it was time for closure and food embargo so why not against fuel smugglers?
Tinubu once asked Buhari to recruit 50,000 into the army so why not take a cue from his own school of thought and use to solve the problem?

6 Likes

Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by EmeeNaka: 9:20am On Jun 03, 2023
Goodluck Jonathan removed subsidy in 2012, APC and their supporters opposed it.
What is the difference now?
Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by likedslikedat(m): 9:41am On Jun 03, 2023
let govt privatise the existing refineries. Encourage private individuals like dangote who can build new ones to come on stream and they should all being giving a level playing ground. Govt can sell crude to them at internatinal mkt price after refining they can sell as they want. At least three refineries at each region competition will set in and price drops.
Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by likedslikedat(m): 9:43am On Jun 03, 2023
let govt privatise the existing refineries. Encourage private individuals like dangote who can build new ones to come on stream and they should all be given a level playing ground. Govt can sell crude to them at internatinal mkt price after refining they can sell as they want. At least three refineries at each region competition will set in and price drops.

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Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by press9jatv: 9:45am On Jun 03, 2023
Hmm 🤔🤔🤔🤔🤔🤔
Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by Godoverevery: 10:42am On Jun 03, 2023
Standing5:
Nigeria is 900 thousand sqkm yet DSS claims to have ear in every nook and crany. Why not employ 20,000 personal and pay them N75k to infiltrate smugglers? That's N20b a year and about what goes to subsidy in a day or two. That same border suddenly became tight in security when it was time for closure and food embargo so why not against fuel smugglers?
Tinubu once asked Buhari to recruit 50,000 into the army so why not take a cue from his own school of thought and use to solve the problem?

Don't worry tinubu will employ 50,000 thousand solider within 1week.

He will also solve all Nigeria problems in 1 week.

Thanks

1 Like 1 Share

Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by Standing5(m): 10:45am On Jun 03, 2023
Godoverevery:


Don't worry tinubu will employ 50,000 thousand solider within 1week.

He will also solve all Nigeria problems in 1 week.

Thanks
what about yours?
Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by danvon(m): 10:47am On Jun 03, 2023
So we have been paying for their enjoyment
Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by Gaabasky: 10:50am On Jun 03, 2023
Standing5:
That's how rife the smuggling was. What are border patrol for.

We have so many useless agencies that are collecting our sweat via tax payer without doing anything. It is painful when u see almost half of salary bn deducted as a tax without any benefits from the govt

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Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by Gaabasky: 10:54am On Jun 03, 2023
Perfectbeing:
Nigeria border is over 4500km. That's more than 5X the distance of Lagos to Abuja. How many customs, soldiers, Immigration officers can man that length?

Lame excuse. Have u seen Russia border or Canada borders? If those are developed country check, Algeria, Tanzania, even South Africa borders that even harbouring 2 countries within herself.

1 Like

Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by Bobloco: 10:56am On Jun 03, 2023
sad
Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by nairalander2020(m): 10:59am On Jun 03, 2023
Benin light, Benin petrol, Nigeria is really a great country with baby leaders grin treating us like diapers use and throw away.
Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by citygarden(m): 11:03am On Jun 03, 2023
This is the reason I support the removal of fuel subsidy but my fear is when they removed subsidy on gas, diesel fuel, and kerosene, what is the benefits it add to the citizens?

1 Like

Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by notttty(m): 12:15pm On Jun 03, 2023
citygarden:
This is the reason I support the removal of fuel subsidy but my fear is when they removed subsidy on gas, diesel fuel, and kerosene, what is the benefits it add to the citizens?

Subsidy has been removed from gas diesel and kerosene that’s why the prices soar high years back. Only pms was left out then. Now it’s time for it to be removed permanently
Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by citygarden(m): 12:41pm On Jun 04, 2023
You didn't still answer my question? What is the benefits of the subsidy removed on Gas, diesel and kerosene expanded to the masses?
Hope they wont corrupt the system? If only subsidy is the only thing citizens benefits from the government, why they not leave it
. But if the government will utilize it on power, education, infrastructure and health. Still good .



notttty:

Subsidy has been removed from gas diesel and kerosene that’s why the prices soar high years back. Only pms was left out then. Now it’s time for it to be removed permanently
Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by wahahlawahala: 12:55pm On Jun 04, 2023
And these leeches we called neighbors are quick to insult Nigerians online... Good riddance

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Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by simpleseyi: 1:03pm On Jun 04, 2023
dokyOloye:

Exactly.
So Nigerians have to pay more because the zoo customs service,zoo immigration service, zoo police, dss etc have refused to do their job

You go just die over nothing
Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by plumcomm: 1:05pm On Jun 04, 2023
You borrow to pay subsidies and the petrol is being sold in gallons in neighbouring countries.
Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by porka: 1:24pm On Jun 04, 2023
Fuel prices will continue to double in the Republic of Benin each time prices increase in Nigeria.

Fuel will continued to be smuggled to neighboring countries since prices will always be cheaper in Nigeria. Always!

It is a simple logic.

But Nigerian government and its international friends like the BBC will continue to cite smuggling in neighboring countries as an excuse to punish Nigerians.

Till eternity.
Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by abobote: 1:28pm On Jun 04, 2023
KingKO22:

Cry responsibility 🤣😀😂
Responsibly, not responsibility
Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by JagabanBorgu: 1:29pm On Jun 04, 2023
Standing5:
Nigeria is 900 thousand sqkm yet DSS claims to have ear in every nook and crany. Why not employ 20,000 personal and pay them N75k to infiltrate smugglers? That's N20b a year and about what goes to subsidy in a day or two. That same border suddenly became tight in security when it was time for closure and food embargo so why not against fuel smugglers?
Tinubu once asked Buhari to recruit 50,000 into the army so why not take a cue from his own school of thought and use to solve the problem?
Someone who earns 75k is offered 1m, which do u think he will choose?
The solutions to every próbIèm u all think u have it, just Iike Buhari thought he had all the solutions till he got to Aso Rock.
Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by JagabanBorgu: 1:30pm On Jun 04, 2023
EmeeNaka:
Goodluck Jonathan removed subsidy in 2012, APC and their supporters opposed it.
What is the difference now?
There was no APC in 2012.

1 Like

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