The National Security Adviser, Nuhu Ribadu says Nigeria is still losing 400,000 barrels of crude oil daily to thi£ves despite efforts to end the menace.
He said the activities of oil thi£ves & pipeline vandals had impacted negatively on the nation’s economy & were partly responsible for the rising cost of living in the country.
“It’s unfortunate that few individuals would st£al our common resources & in the process cause unbelievable loss to both the nation & the people
Nigeria has the capacity to produce 2 million barrels of crude daily but we are currently producing less than 1.6 million barrels due to th£ft & vandalism of pipelines
So, we are talking about 400,000 barrels of crude oil going to waste with few criminals & economic saboteurs not even getting much out of it
The value of 400,000 barrels of oil is about 4 million dollars & every day, we lose this amount to irresponsible behaviour