Nigerian Government Lose 400,000 Barrels of Oil Daily to Theft
Jul 6, 2021 ·
4m 59s
Data from the federal government shows that about 400,000 barrels of crude oil are lost daily to theft. The Minister of Environment, Mr Mohammed Abubakar, says statistics had supported Nigeria...
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Data from the federal government shows that about 400,000 barrels of crude oil are lost daily to theft.
The Minister of Environment, Mr Mohammed Abubakar, says statistics had supported Nigeria as the most notorious nation in the world for oil theft.
The Minister of Information and Culture, Alhaji Lai Mohammed, said about N60 billion was being spent yearly by the federal government to repair vandalised pipelines
The minister also cited a report by Nigeria Natural Resources Charter, which estimated that approximately N4.75 trillion was lost by the country to oil theft between 2015 and 2018.
He considered sustained oil pipeline vandalism as one of the major problems that have contributed to environmental degradation in the Niger Delta.
He said the attack on oil facilities had become the innovation that replaced the agitation in the Niger Delta against the perceived poor governance and neglect of the region.
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The Minister of Environment, Mr Mohammed Abubakar, says statistics had supported Nigeria as the most notorious nation in the world for oil theft.
The Minister of Information and Culture, Alhaji Lai Mohammed, said about N60 billion was being spent yearly by the federal government to repair vandalised pipelines
The minister also cited a report by Nigeria Natural Resources Charter, which estimated that approximately N4.75 trillion was lost by the country to oil theft between 2015 and 2018.
He considered sustained oil pipeline vandalism as one of the major problems that have contributed to environmental degradation in the Niger Delta.
He said the attack on oil facilities had become the innovation that replaced the agitation in the Niger Delta against the perceived poor governance and neglect of the region.
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