Oil theft and vandalisation of petroleum assets are a threat to the nation’s economy and security, Nigeria Vice President, Yemi Osinbajo, has said.
“Not only do they pose a serious threat to all exploration and our energy economy, but they also impact negatively on what is accrued to the federation and the business prospects on investors in the oil and gas sector,” Mr Osinbajo said. On Tuesday, Mr Osinbajo said if left unchecked, the menace will fuel crises that will paralyse the government and leave the country extremely vulnerable to shocks and other unexpected consequences.
“In addition, Nigeria lost about 4.2 billion litres of petroleum products from refineries, which were valued at over $1.4 billion at the rate of 140,000 barrels per day from 2009 to 2018. “Institutional and personal reputations are at stake. I think that is the cardinal reason we are here. I employ us to exhaust decisions on this matter,” he added.
All talk, No actions. No arrests. The whole navy no know say vessel enter country carry fuel and go back for 9 long years. You come here dey preach rubbish. Go lay down somewhere abeg.
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Oil theft, losses will fuel crisis in Nigeria if not checked - Osinbajo, NdiomuVice President Prof Yemi Osinbajo has said that oil theft and losses pose a serious threat to Nigeria's economy and impact negatively on the revenue of Why VOTE APC? No reason to vote for PDP either. Look what has happened under their watch for years. Do you want those to continue? No!! Do not vote for APC Do not vote for PDP Do not vote for PDAPC Vote for Peter Obi. Peter Obi uncovered those and will fix them
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