{"id":7445,"date":"2025-04-23T15:43:24","date_gmt":"2025-04-23T15:43:24","guid":{"rendered":"https:\/\/psmnigeria.org\/?p=7445"},"modified":"2025-04-23T15:49:25","modified_gmt":"2025-04-23T15:49:25","slug":"why-petrol-smuggling-from-nigeria-persists-customs","status":"publish","type":"post","link":"https:\/\/psmnigeria.org\/?p=7445","title":{"rendered":"Reasons Why Petrol Smuggling From Nigeria Persists \u2013 Customs Boss, Bashir Adeniyi"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Comptroller General of Nigeria Customs Service, Bashir Adeniyi,<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Comptroller General of the  Nigeria Customs Service, Bashir Adeniyi has disclosed reasons why smuggling of Premium Motor Spirit out of Nigeria has ever remain persistent and thriving despite fuel subsidy removal.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The NCS boss said that petrol smuggling to Nigeria\u2019s neighbouring countries such as Cameroon, Niger, and the Benin Republic has remained profitable due to the price arbitrage.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.xandr.com\/privacy\/platform-privacy-policy\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Comptroller General of NCS, Bashir Adeniyi, disclosed this on Tuesday while reeling out the first quarter of 2025 performance report in Abuja.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The NCS revealed that rice, followed by petroleum products, recorded the most prevalent seizures made in Q1, 2025.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He emphasised that the price of PMS in Nigeria, which stands between N880 and N950 per litre, is lower compared to around N1600 and N2000 per litre in Cameroon, Niger, and the Benin Republic.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cDespite the removal of the fuel subsidy, it is still profitable for smugglers to take fuel illegally from Nigeria. You know that the prices are dynamic.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIn Nigeria we are noticing a sort of fuel price reduction to something between N850 and N900 per litre in those places; in Cameroon it is close to N2,000 per litre, in Niger it is N1,600 per litre, and the same with the Benin Republic.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis arbitrage provides the incentive. That is why we launched the operating Whirlwind,\u201d he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.xandr.com\/privacy\/platform-privacy-policy\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In Q1 2025, the Service announced that total seizures made were valued at N7.7 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the aspect of revenue collection, the&nbsp;<a href=\"https:\/\/dailypost.ng\/2025\/04\/22\/nigeria-customs-records-n1-75-trillion-revenue-collection-in-q1-2025\/\" target=\"_blank\" rel=\"noreferrer noopener\">Nigeria Customs Service earned N1.75 trillio<\/a>n from N36 trillion total worth of trade handled in Q1 2025.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Comptroller General of Nigeria Customs Service, Bashir Adeniyi, The Comptroller General of the Nigeria Customs Service, Bashir Adeniyi has disclosed reasons why smuggling of Premium Motor Spirit out of Nigeria&hellip;<\/p>\n","protected":false},"author":2,"featured_media":7117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pages"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Reasons Why Petrol Smuggling From Nigeria Persists \u2013 Customs Boss, Bashir Adeniyi -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/psmnigeria.org\/?p=7445\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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