The Nigerian National Petroleum Company Limited (NNPC) has reported a 58% price difference between petrol in Nigeria and neighboring countries, which has significantly fueled smuggling.
Subsidized petrol in Nigeria remains far cheaper, making smuggling a lucrative venture for traffickers.
This disparity not only undermines local supply but also costs Nigeria substantial revenue.
Efforts to curb this include increased border monitoring and regulatory measures.
However, economic challenges in neighboring countries and the profit margins involved make the smuggling issue persistently difficult to tackle.
Kehlani's "Folded": A Heartfelt Journey of Waiting for Love Here’s the scoop on Kehlani’s new…
A Call for Compassion: Kim Kardashian Speaks Out Against ICE Raids in LA Kim Kardashian…
Celebrating Success: How Brazil and Ecuador Qualified for the 2026 World Cup Brazil and Ecuador…
How Miley Cyrus and Her Family Overcame a Decade of Challenges Miley Cyrus recently opened…
Shocking Case: Federal Employee Charged with Capital Murder After Allegedly Administering Abortion Pills to Girlfriend…
President Tinubu's Upcoming Address: Why He Chose the National Assembly Over a National Broadcast President…
This website uses cookies.