Neighbouring Countries Heavily Rely On Smuggled Petroleum Products From Nigeria – NNPC

The Nigerian government, through the Nigeria National Company Limited (NNPC Ltd), has disclosed that Cameroon, Benin, Niger and Mali now heavily rely on smuggled petroleum products from Nigeria’s borders.

The chief financial officer of NNPC Limited, Umar Ajiya, revealed this when he visited the House of Representatives committee investigating Nigeria’s fuel subsidy regime on Monday.

Mr. Ajiya claimed that neighbouring countries prefer purchasing smuggled subsidised petrol from Nigeria rather than importing fuel into their countries.

He also hinted that anyone could smuggle trucks of petroleum products through the country’s borders with as little as N5 million.

“If you have five million naira, you can cross the borders with trucks laden with PMS, that is the bitter truth, we have porous borders. Yes we have Customs but I do not know,” he said.

“PMS crosses everywhere, to Cameroon through the North East, Nigerian PMS gets to Mali; our neighbouring countries hardly import PMS. Infact, some of them do not have the LC cover to back up imports.

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“Cameroon refinery got burnt sometime last year or so, since that time, they have not imported PMS but they are still using PMS; if you go to Niger, you find that PMS is sold in bottles.

“To them, it is a cheaper source, why waste their foreign exchange, so we are subsidising our neighbours, that is the simple truth,” Mr Ajiya added.

 

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