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Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsPrice Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive (10608 Views)

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Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by lexy2014: 5:12pm On May 24, 2025
CodeTemplarr:
taxing it slightly to improve govt revenue is an option but building more refieries and becoming the refining hub of west Africa is juicier than all other options. Local jobs and opportunities will be the endproduct.
all the taxes and revenue, how has it improved the living standard of nigerians?
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by inoki247: 5:12pm On May 24, 2025
lexy2014:
another excuse.

so fuel subsidy is no longer the problem. it is now exchange rate?
Lol I don't have any excuse I'm just telling you selling to the neighboring countries will give more gain to most marketers due to the exchange rate...


Unless Dangote Flood doz Market directly himself the smuggling will be useless...
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by Kamaljones(m): 5:12pm On May 24, 2025
Interesting
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by nairalanda1(m): 5:14pm On May 24, 2025
It's bad, but the good news is, we are no longer doing it on the government's dime. We are no longer throwing money into a bottomless pit or having people lie to get more subsidy money.

We should have removed subsidy since 1993, folks. We are doing the work we should have done ages ago. At least karma came to bite the ojota organisers in the back. Still, at the end, subsidy had to go. We was running on empty paying for at least 6 or eight african countries' fuel
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by wellmax(m): 5:16pm On May 24, 2025
At least they are not benefiting from subsidy
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by MakindeHassan: 5:16pm On May 24, 2025
I don’t understand. Why should we be bothered about smuggling if subsidy has been eradicated. If Dangote produces PMS at a price that is less than international market and he’s making profit what is wrong in Benin republic buying from him?

The issue with smuggling was when subsidy was being paid so FG was paying money and people were shipping to neighboring countries at the expense of FG. Which was still done by big men in power. How is this an issue today?
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by CodeTemplarr: 5:16pm On May 24, 2025
lexy2014:
all the taxes and revenue, how has it improved the living standard of nigerians?
at least if the givt tax it and smugglers pay the tax indirectly, the govt can have more funds to work with while West Africa carries most of the burden.
Oppose with sense.
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by lexy2014: 5:18pm On May 24, 2025
DAILY POST recalls that the Adamawa/Taraba Area Command of the NCS had only on Wednesday, May 21, 2025 announced confiscation of over 36,000 litres of petrol allegedly being moved out of Adamawa and Taraba States towards Cameroon.
how many litres is a tanker?

is this all that NCS seized that they are saying is the evidence of smuggling caused by price of fuel in nigeria?
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by lexy2014: 5:18pm On May 24, 2025
CodeTemplarr:
at least if the givt tax it and smugglers pay the tax indirectly, the govt can have more funds to work with while West Africa carries most of the burden.
Oppose with sense.
with all your sense, I am surprised you could not answer the simple question.

all the taxes and revenue, how has it improved the living standard of nigerians?
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by CodeTemplarr: 5:21pm On May 24, 2025
lexy2014:
with all your sense, I am surprised you could not answer the simple question.

all the taxes and revenue, how has it improved the living standard of nigerians?
who is your governor? Let's start from there. Lol.
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by lexy2014: 5:21pm On May 24, 2025
inoki247:
Lol I don't have any excuse I'm just telling you selling to the neighboring countries will give more gain to most marketers due to the exchange rate...

Unless Dangote Flood doz Market directly himself the smuggling will be useless...
same thing we are saying. another excuse.

was low price of fuel occasioned by fuel subsidy not the reason for the smuggling?

now that the fuel subsidy has been removed, why did it not stop smuggling?

are the smugglers ghosts?

how are they carrying so much product to sustain the Benin republic economy that no one is seeing them?
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by lexy2014: 5:23pm On May 24, 2025
CodeTemplarr:
who is your governor? Let's start from there. Lol.
Look at where we started from

CodeTemplarr:
taxing it slightly to improve govt revenue is an option but building more refieries and becoming the refining hub of west Africa is juicier than all other options. Local jobs and opportunities will be the endproduct.
all the taxes and revenue, how has it improved the living standard of nigerians?

CodeTemplarr:
at least if the givt tax it and smugglers pay the tax indirectly, the govt can have more funds to work with while West Africa carries most of the burden.
Oppose with sense.
with all your sense, I am surprised you could not answer the simple question.

all the taxes and revenue, how has it improved the living standard of nigerians?
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by OPICANTO2223: 5:23pm On May 24, 2025
Lie. You should say failure and most inept government, and very inferior police, make smuggling of petrol in Nigerian border very easy
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by vaxx: 5:23pm On May 24, 2025
No, the current price of the naira against CFA ( currency used in all the neighbouring country with Nigeria make it more attractive. It is too cheap to buy Nigeria fuel with CFA now

The naira is now becoming very useless..
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by jojothaiv(m): 5:24pm On May 24, 2025
phemmie06:
That is why I don't believe in any of these dealers called leaders

The successor always cause more havoc than his predecessor.


By the time this government will end, we will make a comprehensive analysis on who is better between Buhari and BAT.
Your last line remain a truism!

No Nigerian leader can argue that fact, not even one.
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by CodeTemplarr: 5:26pm On May 24, 2025
lexy2014:
Look at where we started from



all the taxes and revenue, how has it improved the living standard of nigerians?



with all your sense, I am surprised you could not answer the simple question.

all the taxes and revenue, how has it improved the living standard of nigerians?
be reasonable and declare your governor so i can tell you how he is improving your living standard that you may not know off.
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by ALTERNATEID: 5:26pm On May 24, 2025
aribisala0:
Does not make sense

Nigerian Petrol refinery price is similar to America
The Ex refinery price of gasoline is $2 a gallon which works out at less than 850 per litre

So why can't Dangote sell to other West African nations
It is an avenue Dangote really needs to look at. However, i suspect governments across West Africa may in place very high tax rate of pump price and that makes it still way higher than the average price in Nigeria and why the smuggling is still attractive.
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by lexy2014: 5:27pm On May 24, 2025
CodeTemplarr:
be reasonable and declare your governor so i can tell you how he is improving your living standard that you may not know off.
are you telling me that you are reasonable by not starting from where we started from?

CodeTemplarr:
who is your governor? Let's start from there. Lol.
Look at where we started from

CodeTemplarr:
taxing it slightly to improve govt revenue is an option but building more refieries and becoming the refining hub of west Africa is juicier than all other options. Local jobs and opportunities will be the endproduct.
all the taxes and revenue, how has it improved the living standard of nigerians?

CodeTemplarr:
at least if the givt tax it and smugglers pay the tax indirectly, the govt can have more funds to work with while West Africa carries most of the burden.
Oppose with sense.
with all your sense, I am surprised you could not answer the simple question.

all the taxes and revenue, how has it improved the living standard of nigerians?
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by CodeTemplarr: 5:29pm On May 24, 2025
lexy2014:
are you telling me that you are reasonable by not starting from where we started from?



Look at where we started from



all the taxes and revenue, how has it improved the living standard of nigerians?



with all your sense, I am surprised you could not answer the simple question.

all the taxes and revenue, how has it improved the living standard of nigerians?
Only God knows how you meaaured your sense with your own brain. Who is your governor? I am no PRO to all governors. Tell us who yours is. Lol.
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by nairalanda1(m): 5:30pm On May 24, 2025
ALTERNATEID:
It is an avenue Dangote really needs to look at. However, i suspect governments across West Africa may in place very high tax rate of pump price and that makes it still way higher than the average price in Nigeria and why the smuggling is still attractive.
True that. I believe Ghana, for example, includes a tax in the price of every liter of fuel sold.
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by aribisala0(m): 5:30pm On May 24, 2025
ALTERNATEID:
It is an avenue Dangote really needs to look at. However, i suspect governments across West Africa may in place very high tax rate of pump price and that makes it still way higher than the average price in Nigeria and why the smuggling is still attractive.
What is the status quo in these countries?

Where do they get most of their petrol from and at what price?
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by ppogba: 5:30pm On May 24, 2025
The usual excuse for increasing fuel prices in those days.

Now, God don catch dem.
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by lexy2014: 5:32pm On May 24, 2025
CodeTemplarr:
Only God knows how you meaaured your sense with your own brain. Who is your governor? I am no PRO to all governors. Tell us who yours is. Lol.
very good. since God does not know how you measured your sense with your brain, is it not amazing that you cant answer a simple question?

CodeTemplarr:
be reasonable and declare your governor so i can tell you how he is improving your living standard that you may not know off.
are you telling me that you are reasonable by not starting from where we started from?

CodeTemplarr:
who is your governor? Let's start from there. Lol.
Look at where we started from

CodeTemplarr:
taxing it slightly to improve govt revenue is an option but building more refieries and becoming the refining hub of west Africa is juicier than all other options. Local jobs and opportunities will be the endproduct.
all the taxes and revenue, how has it improved the living standard of nigerians?

CodeTemplarr:
at least if the givt tax it and smugglers pay the tax indirectly, the govt can have more funds to work with while West Africa carries most of the burden.
Oppose with sense.
with all your sense, I am surprised you could not answer the simple question.

all the taxes and revenue, how has it improved the living standard of nigerians?
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by aribisala0(m): 5:33pm On May 24, 2025
inoki247:
Due to the exchange rate if Petrol is 800 Xof in Benin Republic that's still like 1500...


Selling to neighboring countries still a cashout...
Not sure if you understood what you quoted . Your response does not suggest that you did. Exchange rate is totally irrelevant to the point I made so I can only conclude you did not comprehend. I am sorry I cannot assist you further
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by Babaolose: 5:35pm On May 24, 2025
That is Nigeria, we in the country complaining about high price, still some were using the opportunity to snuggle the product out. What do we expect the government to do now? Our customs are trying their best, but still there are some bad eggs. Only God can save us.
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by PAQ(m): 5:37pm On May 24, 2025
See talk abeg. So na only we get neighbours abi?
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by Bluntemperor: 5:40pm On May 24, 2025
Una don start again abi?
Who are the Owners of the Trailers going across the Borders?
Are they Not Unpatriotic Nigerians- even before the Removal of Oil 🪔 Subsdies,yet After Removal - the Prices Locally have been adjusting but due to greed, Wickedness and Unpatriotic Nigerians,una de tell us now- that Smugglers are doing wanders again.
How Do We Satisfy these set of People?
If it is during the Military Regime,no be na death straight for being very Unpatriotic?
Where is the Association of Nigeria-Marketers now?
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by dmangodwin(m): 5:40pm On May 24, 2025
yommen:
My byoda. My thoughts exactly, since the government is no more paying subsidy. Its supposed to be a win-win situation for Nigeria.
Don’t mind dem.There is nothing like smuggling.Dangote refinery produces far more than Nigeria fuel need..So what should happen to the excess, should he pour it into the ocean?
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by DMCY: 5:44pm On May 24, 2025
adenigga:
Source: https://dailypost.ng/Price-of-Nigerian-petrol-makes-smuggling-into-neigboring-countries-attractive-NMDPRA
Traveled to Cotonou in 2023, the level of smuggling I experienced on the road to Pobè that day, I wan craze 😂😂. Then imagine changing 1k naira to 500 cefa, it was just so disheartening I had to run come back home cause that wasn’t what I bargained for when I planned my enjoyment trip
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by NewHe: 5:55pm On May 24, 2025
There's no strong law to prevent it. DSS and EFCC should be involved in the fight against smugglers and their collaborators in Customs!
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by Zocalite: 6:09pm On May 24, 2025
Subsidy has been removed abi


So those should increase the price again

If some people want to use illegal channel to sell their produce to neighbouring countries, is that why they should say petrol is cheaper in nigeria


tinubu should go sabotage neighbouring countries economy so that their currency will become useless like naira

Evill nigeria
Re: Price Of Nigerian Petrol Makes Smuggling Into Neigboring Countries Attractive by Socratiz: 6:19pm On May 24, 2025
I don't see how the smuggling of petrol can stop because if it's sold for N1500 per litre in Nigeria, smugglers can always sell it higher in neighbouring countries and make their profit.

Higher price in Nigeria will only reduce the number of smugglers because of the heavy capital it requires to do the illegal trade.
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