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.
In an exclusive interview with Vanguard, Labinjo explained that half
the 1.8 million litres daily national need of Premium Motor Spirit, PMS,
is smuggled into the country.
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.
