The federal government has called for the support of key stakeholders in the Niger Delta region on infrastructure and security for improved economy and development of the country.
Represented by Executive Officer at Federal Ministry for Environment, Alhaji Mohammed Ali, Abdullahi said Nigeria as major oil producing nation has made huge investment in critical infrastructure in oil and gas industry ranging from exploration, to transport, pipelines among others. “Nigeria budgeted over 270 million barrels of national commercial crude oil investment was lost in sabotage between 2015 and 2020 and also an estimated revenue loss of $14.6 billion due to illegal oil operations.
He solicited for the support of all stakeholders including the oil and gas sectors, the host communities and the Civil Society Organisations in finding the lasting solution to the dilapedation of critical infrastructures. “And also ensuring that the very structure for sustainable economic growth and development in the region for the collective benefits be safe guided, protected from the risk,abuse or misuse, sabotage and destruction”.
Source: Financial Digest (financialdigest.net)
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