ornicus:


petrol is cheaper in nigeria than in togo. he will make a profit if he gets the petrol into togo. it has nothing to do with supply. carrying petrol over the border is an abuse of the subsidy.

oz4real83:
Some Nigerians are negatively smart. How I wish we can channel some of these negative smartness into positive ventures!!!

gypsey:
So much for border closure, Clueless buhari.

grandstar:


The subsidy should simply be removed and then deregulate the price. After that, if they like, let them smuggle it across the border, nothing spoil.

kereman1:


U have no respect, it's ur father that is useless,

urahara:


How much do you think Nigeria spends on subsidy every year ?

AlphaStyles:
I thought it was only outside people that knows how to smuggle into NIGERIA guess what we too know how to smuggle

princeking2:
Dead petrol

sarrki:
Caught trying to smuggle petrol from Nigeria to Togo

According to former British prime minister

Nigerians are fantastically corrupt

That’s a fact

Madibah:
Laughs in kariobangi

itsme01:



Nigerian open border don sweet their life

Ndi Marginalisation


..

foreshore:


Find out, he is an Igbo man

dheaven:
Can't Togo government import petrol legally from Nigeria?

oz4real83:
Some Nigerians are negatively smart. How I wish we can channel some of these negative smartness into positive ventures!!!

ornicus:
petrol is cheaper in nigeria than in togo. he will make a profit if he gets the petrol into togo. it has nothing to do with supply. carrying petrol over the border is an abuse of the subsidy.

grandstar:
Probably around N500Billion

kayusely70:
Economic Saboteur

ednut1:
These guys should be shot on site

zicoraads:
Instead of us to condemn the act wholeheartedly, we want to fill the thread with our bigotry.

mechanics:
He's part of them that made FG close the borders.

grandstar:
The subsidy should simply be removed and then deregulate the price. After that, if they like, let them smuggle it across the border, nothing spoil.

9jaRealist:






The ONLY reason fuel is smuggled from Nigeria to neighboring countries is because of the DUMB AND CORRUPT so-called “subsidy” policy!

Accordingly, those who really should be “shot on site (sic)” are those in government still ensuring the fvckery that one of the world’s leading producers of crude oil is not only still importing fuel almost 70 years after the first local discovery, but uses BILLIONS of dollars (which would’ve been better invested in education, healthcare, rails, roads, agriculture, electricity, etc) to subsidize such DUMB importation.

The joke of the DUMB subsidy policy is that Diesel used to power generators by manufacturers (and virtually every other Nigerian business), hospitals, etc., and used by long-haul cargo truckers and other logistics providers to move goods/food across Nigeria, and even used by big buses to ferry passengers across Nigeria is NOT SUBSIDIZED! Aviation fuel used by aircraft to fly passengers and cargo throughout Nigeria (and even by air ambulances) is NOT SUBSIDIZED, and Kerosene used by the middle-class/lower class and several small businesses, is NOT SUBSIDIZED!

So, effectively, the so-called subsidy regime de facto merely serves to “subsidize” FOREIGN JOBS in foreign refineries, foreign shipping companies, foreign insurance companies, foreign ports, etc., as well as primarily the federal, state and local governments (including the legislative and judicial arms thereof) which collectively own the LARGEST fleet of passenger vehicles in Nigeria (and a relatively small percentage of higher-income Nigerians fortunate enough to own private cars).

Meanwhile, the “subsidized” prices in Nigeria not only incentivizes smuggling but also has ensured that no commercially-rational domestic or foreign investor would invest in the petroleum refining sector, thereby robbing Nigeria of THOUSANDS of domestic jobs along the entire products value chain. That’s why at every opportunity the Dangote Group emphasizes that its Lekki Refinery will not sell its products at the government-subsidized prices, but rather at international market prices. Shame not everyone has the clout of the Dangote Group.

Nigeria has become like a farmer whose farm is on fire, but instead of fighting the fire head-on is busying chasing rats escaping from the fire.
>

grandstar:


Probably around N500Billion

grandstar:


Probably around N500Billion

urahara:


This doesn't seem that much when compared with a budget of 9 trillion naira. Merely 5.55 percent.

grandstar:


When you realise that over 50% of the budget is used to service debt, then it is a lot.

urahara:


I just checked , it's about 69 percent of the budget

urahara:


Grandstar how did we ever get to this stage

grandstar:


When you realise that over 50% of the budget is used to service debt, then it is a lot.