The Chairman of the Nigeria Shipowners Association (NISA), Capt. Niyi Labinjo, has said that the country is losing N80 billion daily to petroleum products smuggled into the country, Vanguard reports.
The NISA boss noted that the Nigerian National Petroleum Corporation (NNPC), said the daily PMS need of the country is 1.8 million litres and that it (NNPC) only supplies half the quantity while the other half is smuggled into the country. He pointed out that this is done through openings off-shore Lome and off-shore-Benin.
He also lamented the lost revenue that should have been collected by the various government agencies like the NPA, NIMASA, NCS etc should these ships have berthed at the nation’s ports. The retired Navy officer, therefore stressed that government must as a matter of urgency stop the smuggling of petroleum products into the country, as well as ensure that the Cabotage Law is enforced fully.
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