Kenny Okolugbo, a Public Affairs Analyst and Political Communication Strategist, has highlighted the difference between petrol prices in Nigeria and neighbouring countries, saying the gap could encourage the movement of fuel across borders.
Okolugbo made the observation during an interview from 18:24 on TVC News on Monday, September 28, 2026, while comparing petrol prices in Nigeria with those in Benin Republic and Cameroon.
Using petrol from the Dangote Refinery as an example, he pointed to the potential financial incentive created by selling the product in a neighbouring market where it could command a higher price.
The analyst’s comments came amid wider discussions about domestic fuel pricing, cross-border fuel movement and the economic impact of Nigeria’s growing refining capacity.
Explaining the price disparity, Okolugbo said, “If you look at the differentials on the price of fuel between Nigeria and and Cotonou, and Cameroon. Even as at now, if you take Dangote’s fuel to Cotonou, you will make more money.”
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