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Nairaland Forum / Nairaland / General / Politics / Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC (3911 Views)
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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 1 Like |
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: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: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: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: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: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: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 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. 1 Like 1 Share |
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: 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: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: 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 1 Like |
Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by Gaabasky: 10:54am On Jun 03, 2023 |
Perfectbeing: 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 |
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 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: 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: |
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 1 Like |
Re: Benin Republic Petrol Prices Soar As Nigeria Moves To End Subsidy- BBC by simpleseyi: 1:03pm On Jun 04, 2023 |
dokyOloye: 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: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: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:There was no APC in 2012. 1 Like |
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