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Despite the best efforts from the government, Nigeria is still losing 400,000 barrels of crude oil daily to local and international smugglers, stated the National Security Adviser (NSA), Malam Nuhu Ribadu. Ribadu disclosed this when he led a presidential delegation to inspect oil and gas facilities at Owaza in Abia and Odogwa in Etche Local Government Area of Rivers State.
Despite the best efforts from the government, Nigeria is still losing 400,000 barrels of crude oil daily to local and international smugglers, stated the National Security Adviser (NSA), Malam Nuhu Ribadu. Ribadu disclosed this when he led a presidential delegation to inspect oil and gas facilities at Owaza in Abia and Odogwa in Etche Local Government Area of Rivers State.
The activities of oil thieves and pipeline vandals had impacted negatively on the nation’s economy and were partly responsible for the rising cost of living in the country. It is unfortunate that few individuals would steal the common resources, and in the process cause unbelievable loss to both the nation, communities and the people, stated Ribadu. Nigeria has the capacity to produce two million barrels of crude daily, but we are currently producing less than 1.6 million barrels due to theft and vandalism of pipelines.
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Ribadu also said that President Bola Tinubu’s administration was concerned about the development and was already taking actionable steps to address the matter. The NSA boss called for a united front to tackle oil theft and end decades of attacks on the nation’s oil and gas infrastructures.
