₦airaland Forum

What's the business of customs in this? Allow people to freely do their business. Nobody is subsidizing the product anymore, so allow them trade anywhere they think they can make more money. It's now purely competitive. There's no scarcity of product in Nigeria, na money people no get to buy fuel.

What we should focus on now is preventing our crude oil from being smuggled out of the country in large vessels.

So far the price remains fixed at 511 then they are just smuggling for nothing

It's gonna be fine

I doubt if this should border the government. You have deregulated and taken off subsidy. Allow people to sell their goods wherever they want naa.

How does it affect us?

I'm open to learn

siofragspot:


Lack of integrity on the path of these security agents and the authorities

If you have ever lived around any border town, you will never trust those uniform men

While i was at Yewa, i knew many security officers that are into Smuggling, some even use tbeir family house to store some of their wares

Let the government be playing and not uprooting the bad eggs, smuggling goes nowhere with this same set of officers

Not even now that the country is hard, they simply request more money or confiscate your wares and sell it off to their pals, all na win-win for them

Cloudflare:
Damn!

News has it that the election tribunal might likely order a rerun? This is a silly move. Do they know how much it takes to conduct another election? They should declare obi president of Nigeria ASAP. A rerun isn't necessary else APC will still rig it over and over again

A rerun will finally confirm our ugliness as Nigerians. APC will ever rig, and the opposition will pull every stop to make sure they do not get shortchanged again. Now, figure where that leads to.

Declare the real winner, so Nigeria can move on.

Cloudflare:
Damn!

News has it that the election tribunal might likely order a rerun? This is a silly move. Do they know how much it takes to conduct another election? They should declare obi president of Nigeria ASAP. A rerun isn't necessary else APC will still rig it over and over again

LP and PDP can have a working alliance together. 50/50 share . Atiku stands a better chance because of spread. Tinubu will loose hands down because he has crippled Hausas and fulanis in government

Sirjamo:
Doesn't matter anymore, as long as we are no longer subsidizing

Instead of government to start taxing them for export. Who do us for this country

Sirjamo:
Doesn't matter anymore, as long as we are no longer subsidizing

So you can steal our oil so far subsidy is not paid for it? 😄

Agba ninu awon subsidy economist

Nigeria govt should start selling to neighboring countries at official rate. This will be a win win for all

ottersberger:
A rerun will finally confirm our ugliness as Nigerians. APC will ever rig, and the opposition will pull every stop to make sure they do not get shortchanged again. Now, figure where that leads to.

Declare the real winner, so Nigeria can move on.

it is always good to dream

Sirjamo:
Doesn't matter anymore, as long as we are no longer subsidizing

You go fear mentality

What does subsidy have to do
with crude oil❓❓😐😐

It does not matter anymore so far Nigeria is no more paying a dime as subsidy...

Then crude theft is another matter entirely

dre11:
•Customs CG rejigs border patrol, orders crackdown on fuel smuggling cartels

•NNPCL intercepts Cameroon-bound vessel laden with 800,000 litres stolen crude oil




https://punchng.com/fuel-smuggling-persists-in-borders-despite-subsidy-removal-customs-boss/

stupid article. What was intercepted was crude oil not PMS

That's no longer smuggling . They are doing their business.

Even if fuel sells for N1,000 per litre smuggling will still continue.
Stop punishing Nigerians just because of few thieves, in this country we romance problems without tackling it headlong. Subsidy itself is not bad, other nations still do it. Our problem is that we are afraid to arrest the thieves just because they are powerful people.
If there are scammers in the subsidy process, why not arrest and prosecute them instead of punishing the citizens.
Also why are our refineries not working?

Sirjamo:
Doesn't matter anymore, as long as we are no longer subsidizing

The article says the seized products were stolen.

Until president Tinubu takes a decisive step against corruption and starts jailing people or executing them forget his government.

At first I was very enthusiastic but what I am seeing is that this corruption cabal will never let Nigeria thrive.

What Nigerians fail to realize is that just 20percent of the population of our neigboring population depends on PMS. Ghana has indigenous electric cars production companies. Electric taxis everywhere in Kumasi and Accra. Kutonu push Petrol vehicles to us cos our fuel is cheap.
Our government is clueless cos they fail to realize that the future is renewable energy.

TemplarLandry:
One step at a time. This lacuna will be completely fixed soon.
#RenewedHope

I dedicate “Checkmate” by Jay Rock to patriotic Nigerians. Great jam!

e be like say them don finally station you permanently for nairaland.

Disclaimer: I only skimmed through, so most of what I understand from this is from the headline, which in my experience can be misleading.

However, I believe Nigeria custom should just impose an export duty on the fuel and let it be a source of revenue for the country rather than try to stop, since we no longer have subsidy for fuel.

That way Nigeria and marketers make money also. These our neighbors must have really run us dry all these years then, if at this present rates many Nigerians are complaining, how come the fuel is still attractive to our so called poorer neighbors?

zinaunreal:
So far the price remains fixed at 511 then they are just smuggling for nothing

Naira is weak at the moment,so that 511 is like 450cfa.
So you see there's still a lot of difference with their home prices ,hence the smuggling.
Everything isn't black and white.
Just that some big players who've already made money from the activity might decide to quit since to them,the margins no longer equals the risk.

emmyN:
The article says the seized products were stolen.

That was crude, I am talking about pms

I don't understand the article.

Since there's no more subsidy, any export of petrol, whether legally or illegally is now a gain to the country.

It is the illegal smuggling of stolen crude oil that's the crime here

Iykopee:
After removing subsidy, they are still smuggling fuel to neighbouring countries eh?

These fools in government haven't the slightest knowledge how the system operates in those countries and the wider implication for us.

Those guys in the neighbouring countries actually depend on Nigerians for fuel supplies.

By their own standard, the cost of fuel is above #900 per litre over there. This is why smuggling is lucrative in those areas @ less than #800 per litre for Nigerian smugglers.

Until the boarder areas are properly manned, smuggling is not coming to an end anytime soon.

They should allow fuel exportation to that country either legal or not so far isn't stolen PMS.

There's no subsidies fuel so they should have fuel pls

Tonytonex:
Okay. It's their business na.
As long as government is not paying.
They can do whatever they want.

Gbam..you hit the nail on the head..
It’s their money their business..this move will further strengthen the naira..

oyeb15:
What Nigerians fail to realize is that just 20percent of the population of our neigboring population depends on PMS. Ghana has indigenous electric cars production companies. Electric taxis everywhere in Kumasi and Accra. Kutonu push Petrol vehicles to us cos our fuel is cheap.
Our government is clueless cos they fail to realize that the future is renewable energy.

So the electric cars will charge themselves Abi??..

dre11:
•Customs CG rejigs border patrol, orders crackdown on fuel smuggling cartels

•NNPCL intercepts Cameroon-bound vessel laden with 800,000 litres stolen crude oil




https://punchng.com/fuel-smuggling-persists-in-borders-despite-subsidy-removal-customs-boss/

Our borders are too porous. What is wrong with Nigeria govts since Buhari reign as head of states till the present govt?

So how much is fuel selling in neighbouring countries? If our fuel price is at least 90% of fuel in our neighbours', then it means that fuel being smuggled was stolen from Nigeria.

But since there's no subsidy isn't that more sales for fuel importer?

I mean if we had working refineries shouldn't owners be glad to be making more sales? Selling to Chad, Niger, Cameroun, Benin and co?

Don't see any wrong except they are moving it across borders illegally.

Frezhkid10:
So the electric cars will charge themselves Abi??..

They have charging stations and it's cheap