₦airaland Forum

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

edgecution:
Where is it 2 dollars?

lexy2014:
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?

SarkinYarki:
God bless you

Moroccoguy:
Nigeria self dey smuggle Rice from cotonu no wahala.

iwaeda:
Same lies every time. Why are our borders porous?

yommen:
My byoda. My thoughts exactly, since the government is no more paying subsidy. Its supposed to be a win-win situation for Nigeria.

NOETHNICITY:
You are praising someone for making a comment that makes no sense
Talk about the blind leading ………

NaijaNaWaa:
Any talk of smuggling now is baseless. As long as petrol is not subsidized, there is no harm in selling it across the border. That's actually good news for Dangote and petrol importers.

adenigga:
Source: https://dailypost.ng/Price-of-Nigerian-petrol-makes-smuggling-into-neigboring-countries-attractive-NMDPRA

NOETHNICITY:
You are praising someone for making a comment that makes no sense
Talk about the blind leading ………

SarkinYarki:
What he said is too deep for you to process

adenigga:
Source: https://dailypost.ng/Price-of-Nigerian-petrol-makes-smuggling-into-neigboring-countries-attractive-NMDPRA

stonemasonn:
Find a way of monetizing it nah?

SarkinYarki:
God bless you

nairalanda1:
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

SarkinYarki:
What he said is too deep for you to process

VeeVeeMyLuv:
Continue

The evidence is there for all to see

You can't argue with facts, can you?

IMF knows, world bank knows

adenigga:
This is a very WHITE LIE. Nigeria no longer pay subsidy. So it us an increased market share for the producers of fuel. How come it is still your business. Please call it EXPORT not smuggling

Source: https://dailypost.ng/Price-of-Nigerian-petrol-makes-smuggling-into-neigboring-countries-attractive-NMDPRA

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...

Babaolose:
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.

aribisala0:
There could be harm . Could being the operative word consider the following
1. Even if there is no subsidy the market is not totally unregulated that means that dealers cannot sell at any price they like. There is a markup limit set by regulators. so it is not a perfect market

2. Depending on exchange rate and purchasing power dynamics as well as their own supply and demand issues . Our neighbours may have a greater tolerance for and capacity to pay much higher prices than us. In fact anecdotal evidence suggests that is the case. Potentially that would reduce the local supply with risks of scarcity and disruptions

3. So if there is no restriction on export to our neighbours then we effectively become one market which is not necessarily bad or something I oppose but if we choose that then it must be intentional based on analysis , understanding and clear trade framework whether within ECOWAS or bilateral
. A bigger market will mean overall more aggregate demand

4. There is nothing stopping Dangote from doing that from Lekki to Benin , Togo , Ghana etc. Why should petrol be transported by trucks across our infrastructure to end up in Niger or Mali let us not forget that they have opted out of ECOWAS. If that is to happen I think there should be some kind of Tariff or charge for that and would have thought so even if they were in ECOWAS. There should be a road tax for trucks taking petrol from Lagos to Burkina Faso if such was actually happening


So talk of smuggling is not BASELESS as you call it they should pay us = drop something

Gboss247:
Go and calculate all the trillions of naira used to cover imported petrol under-recovery cost and stop deceiving yourself of subsidy removal