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Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre - Politics - Nairaland

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Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by OmotolaDeniro(f): 5:14am On Jun 11

The Federal Government, on Monday, raised the alarm over the renewed smuggling of Premium Motor Spirit, popularly called petrol, following the massive hike in the pump price of the commodity in neighbouring countries.

It stated that while the average price of petrol in Nigeria was about N701/litre, the average cost of the product in neighbouring countries was N1,787/litre, a development that heightened PMS smuggling out of Nigeria in the past two weeks.

The Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, who disclosed this at a press conference in Yola, said the NCS had to join forces with the Office of the National Security Adviser to tackle the menace.

He said, “Today, we are here to update members of the public on the strategic efforts of the Nigeria Customs Service in addressing the critical issue of fuel smuggling through the recently launched Operation Whirlwind, under the auspices of the Office of the National Security Adviser.

“About a year ago, the Federal Government made the bold strategic decision to remove the fuel subsidy. This crucial step was aimed at freeing up substantial funds that could be redirected to other productive sectors of the economy, reducing pressure on our foreign exchange reserves, and diversifying economic growth.

“The immediate impact was an upward adjustment in fuel prices to reflect current realities. Despite the inflationary pressures and financial strain on households, particularly those with lower incomes, comparative studies still show that fuel prices in Nigeria remain the cheapest compared to other countries in the West and Central African region,” he stated.



https://punchng.com/smuggled-nigerian-petrol-floods-wafrican-markets-sells-n1700-litre/

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Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by OmotolaDeniro(f): 5:17am On Jun 11
Fergie01
Myndd44 please push to the front page
OmotolaDeniro:


The Federal Government, on Monday, raised the alarm over the renewed smuggling of Premium Motor Spirit, popularly called petrol, following the massive hike in the pump price of the commodity in neighbouring countries.

It stated that while the average price of petrol in Nigeria was about N701/litre, the average cost of the product in neighbouring countries was N1,787/litre, a development that heightened PMS smuggling out of Nigeria in the past two weeks.

The Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, who disclosed this at a press conference in Yola, said the NCS had to join forces with the Office of the National Security Adviser to tackle the menace.

He said, “Today, we are here to update members of the public on the strategic efforts of the Nigeria Customs Service in addressing the critical issue of fuel smuggling through the recently launched Operation Whirlwind, under the auspices of the Office of the National Security Adviser.
“About a year ago, the Federal Government made the bold strategic decision to remove the fuel subsidy. This crucial step was aimed at freeing up substantial funds that could be redirected to other productive sectors of the economy, reducing pressure on our foreign exchange reserves, and diversifying economic growth.

“The immediate impact was an upward adjustment in fuel prices to reflect current realities. Despite the inflationary pressures and financial strain on households, particularly those with lower incomes, comparative studies still show that fuel prices in Nigeria remain the cheapest compared to other countries in the West and Central African region,” he stated.


Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by 100millionGoal: 5:21am On Jun 11
The ones who mastermined the smuggling are also the ones acting the most surprised.

One politician somewhere have confirmed alert and is now a multi billionaire

148 Likes 13 Shares

Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by VeeVeeMyLuv(m): 5:28am On Jun 11
IMF told that man to float the naira, he hurriedly carried out and implemented the policy.

Now just look at the repercussions. 😡 Not only are they smuggling petrol out, they are also smuggling foodstuffs out of the country.

What did this Foolish man gain now from subsidy is gone and float of currency? Absolutely nothing.

The more things change, the more they remain the same.

144 Likes 11 Shares

Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by OmotolaDeniro(f): 5:32am On Jun 11
Can you imagine the wickedness of our so called leaders 🤔
100millionGoal:
The ones who mastermined the smuggling are also the ones acting the most surprised.

One politician somewhere have confined alert and is now a multi billionaire

33 Likes

Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by stonemasonn: 5:37am On Jun 11
VeeVeeMyLuv:
IMF told that man to float the naira, he hurriedly carried out and implemented the policy.

Now just look at the repercussions. 😡 Not only are they smuggling petrol out, they are also smuggling foodstuffs out of the country.

What did this Foolish man gain now from subsidy is gone and float of currency? Absolutely nothing.

The more things change, the more they remain the same.
Alot of lessons learnt. One of which is to never trust IMF.

66 Likes 4 Shares

Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by OmotolaDeniro(f): 5:41am On Jun 11
IMF are bunch of criminals derailing the economy🤔
stonemasonn:
Alot of lessons learnt. One of which is to never trust IMF.

40 Likes 2 Shares

Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by tunjijones(m): 5:48am On Jun 11
.

1 Like

Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by Brendaniel: 5:49am On Jun 11
Last year when I said Tinubu was putting the cart before the horse when he announced the subsidy removal, some people came for me...

Here it is today, he was supposed to do his homework in the petroleum industry before removing subsidy which he has ran back to start paying even more while Nigerians are also paying more for the same value of petrol before his announcement and people are still looting recklessly from subsidy and smuggling petrol out of the country ...

stonemasonn:
Alot of lessons learnt. One of which is to never trust IMF.

Who trusts the IMF? The same man you supported into office, even as bad as Buhari was he never trusted them...

read all your comments below and see how you put your trust in Tinubu, now you are trying to blame IMF and not Tinubu, tribalism has so finished you guys, your comments supporting and fighting for Tinubu are so much, I just picked a few... the red flags were too much for any right thinking person not to know what Tinubu had to offer....

https://www.nairaland.com/7584551/guys-peter-obi-loses-today#121208543

https://www.nairaland.com/7584433/why-blame-peter-obi-tinubu#121207019

https://www.nairaland.com/7587503/tinubu-takes-lead-abuja/1#121283839

https://www.nairaland.com/7579024/president-buhari-arrives-lagos-apc/1#121103961

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Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by Flame333: 5:50am On Jun 11
Shame on West Africa

13 Likes 2 Shares

Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by Akwamkpuruamu: 5:51am On Jun 11
Thought customs say smuggling Don end, so how come again?

Abi dem end am on propaganda and papers

37 Likes 3 Shares

Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by Dannyset(m): 5:51am On Jun 11
VeeVeeMyLuv:
IMF told that man to float the naira, he hurriedly carried out and implemented the policy.

Now just look at the repercussions. 😡 Not only are they smuggling petrol out, they are also smuggling foodstuffs out of the country.

What did this Foolish man gain now from subsidy is gone and float of currency? Absolutely nothing.

The more things change, the more they remain the same.


It's obvious you don't know a thing or you just feel like ranting this morning as you all always do.

Are you saying petrol is not being smuggled out of the country when it was being subsidized? 🤣😂🤣 You must be one hell of a joker. The whole of our borders were filled with fuel smuggling business. Go and find out why there was a protest in Niger when the subsidy was removed so to speak.

What most of you don't know is that, no matter what, fuel will be smuggled out of Nigeria to Benin and Niger because it is officially more expensive in those countries even if it is sold for 5k here.

It is just unfortunate that our customs are almost useless and we also have lots of unmanned and illegal borders.

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Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by fastseo: 5:53am On Jun 11
angry
Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by SalamRushdie: 5:53am On Jun 11
They have started with their lies again anytime they want to increase fuel price they will start blaming other countries, if the customs cant secure our borders then they should be scrapped

41 Likes 5 Shares

Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by casppyjay: 5:55am On Jun 11
stonemasonn:
Alot of lessons learnt. One of which is to never trust IMF.
stop saying stuffs like Dix it doesn’t make u appear human.. because if u know what u av said then Dix people know so needless to create excuses for them..unless u lots have Stockholm syndrome..

11 Likes 1 Share

Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by phemmie06(m): 5:55am On Jun 11
If not for the corrupt system, you shouldn't be walking freely, smuggling is happening under your watch, smuggling that drains the system and you're there blabbing, it means someone somewhere deliberately failed to do his tasks

15 Likes 2 Shares

Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by EmeeNaka: 5:55am On Jun 11
Subsidy.
How is that our concern if there is no subsidy on the petrol in Nigeria?

3 Likes 1 Share

Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by ShogunNoName: 5:56am On Jun 11
SalamRushdie:
They have started with their lies again anytime they want to increase fuel price they will start blaming other countries, if the customers can secure our borders then they should be scrapped

How did you come to this conclusion? Was this what you got from reading this post or you didn't understand the thread ?

1 Like

Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by datola: 5:56am On Jun 11
They are coming again with petrol smugle claim scam.

11 Likes

Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by Elinosweet143(f): 5:57am On Jun 11
This is what you get when you don't look through your plans thoroughly before executing it, as a leader you don't just enforce a policy you have to take time to check the pros and cons of such policies but this we country, naaa policy comes first and then we go begin go in circle dey find who to blame

8 Likes

Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by Kaymaxi2222(m): 5:57am On Jun 11
Were they expecting anything less. The value of our currency as make everything super cheap for our neighboring country, so more of this to come if we keep devaluing our currency
Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by Urgent1Million: 5:58am On Jun 11
This is a confirmation that subsidy is still being heavily paid on petrol.

25 Likes

Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by Honestey: 6:00am On Jun 11
This implies that Dangote will like to direct trucks to those countries to get more profit

5 Likes 1 Share

Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by Newton1045: 6:00am On Jun 11
Trouble
The culprit are the customs, politicians, immigration officers, police and the touts.

These are the elements of destruction.

But the oga kpata kpata of them all is president Tinubu, who allow these elements to smuggle our goods, sack the foolish customs covering those regions.

The maradona is Dangote refinery; fuel will come today, come tomorrow, unborn today,die yesterday.
Future uncertain.

Which way Nigeria?

5 Likes

Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by tanigororo: 6:01am On Jun 11
This got me thinking
Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by oluwaseyi0: 6:03am On Jun 11
Don't tell me even with the 700 per liter Nigeria is still the cheapest in the region
Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by ntyce(m): 6:03am On Jun 11
Yet Tinubu, his ministers and advisers keep telling us there's no subsidy payment......
Imagine buying 25 liters of Petrol @ 17k at Idi-roko border, trek 5 minutes to Igolo and sell at 42k.
25k profit under 10 minutes.....

Let Tinubu keep deceiving himself.

7 Likes 2 Shares

Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by emmabest2000(m): 6:04am On Jun 11
oluwaseyi0:
Don't tell me even with the 700 per liter Nigeria is still the cheapest in the region

Na only you understand their true motive cheesy

8 Likes 1 Share

Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by Sajio(m): 6:07am On Jun 11
SalamRushdie:
They have started with their lies again anytime they want to increase fuel price they will start blaming other countries, if the customers can secure our borders then they should be scrapped
Mt thoughts....! They are all involved, and playing the mind game on Nigerians. Punishing your fellow being for just a pleasure.

2 Likes

Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by Inosky: 6:08am On Jun 11
VeeVeeMyLuv:
IMF told that man to float the naira, he hurriedly carried out and implemented the policy.

Now just look at the repercussions. 😡 Not only are they smuggling petrol out, they are also smuggling foodstuffs out of the country.

What did this Foolish man gain now from subsidy is gone and float of currency? Absolutely nothing.

The more things change, the more they remain the same.

They're still subsidizing fuel and defending Naira even more. The landing cost of petrol is over N1,000. Don't be deceived.

2 Likes 2 Shares

Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/litre by alt3r3g0: 6:08am On Jun 11
VeeVeeMyLuv:
IMF told that man to float the naira, he hurriedly carried out and implemented the policy.

Now just look at the repercussions. 😡 Not only are they smuggling petrol out, they are also smuggling foodstuffs out of the country.

What did this Foolish man gain now from subsidy is gone and float of currency? Absolutely nothing.

The more things change, the more they remain the same.

This is because rather than facing the root cause (corruption), he decided to make one their mascot because he himself is no saint.

3 Likes

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