Grapevine

He explained that there were so many smugglers out there looking for dollars to smuggle fuel.

“It causes economic and security challenges. Economic in the essence that when you have an excess of this outside, it tells on our exchange rate. Because right now, there are so many smugglers out there looking for dollars to go out there, which will affect our naira,” Ejibunnu said.

He added that smuggling of the product had made fuel unavailable to Nigerians.

“Another economic disadvantage is that we in the country won’t see the product to use.

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What do you believe is the single most important factor driving up the cost of living in Nigeria?

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