- August 17, 2021
- Posted by: adminer
- Category: Natural Resources, Trade and Industry
In a round solution to smuggling of petroleum products, the Comptroller General of Nigerian Customs Service, NCS, Col. Ahmadu Ali (rtd), called for the establishment of petrol stations in neighbouring countries.
Ali’s call was directed to the Department of Petroleum Resources, DPR and the Nigeria National Petroleum Corporation (NNPC) when he made a briefing at presentation of the 2022—2024 Medium Term Expenditure Framework (MTEF), and Fiscal Strategy Paper(FSP), before the House Committee on Finance,
He urged the petroleum agencies to issue licenses to petrol stations in neighbouring countries, to check the smuggling of petroleum products to those countries.
“To check cross border smuggling of petroleum products and improve on government revenue, the government, must establish filling stations in neighbouring countries like Togo, Benin, Chad, Niger, Cameroon and other neighbouring countries”.
Finance minister Zainab Ahmad, who made the presentation said that exchange rate, the naira is being pegged at N410 to $1(US Dollar), just as that minister told legislators that the projection is likely to come down in favour of the naira in 2023.