Nigerian Oil Assets Need Protection From Vandalism, Theft

Although there has been measures put in place to protect oil pipelines, Nigeria is still losing about 200,000 barrels of crude oil daily to thieves and vandals, according to Mallam Mele Kyari, the group managing director of the Nigerian National Petroleum Corporation. He added that the government has began intensifying efforts to diversify to a non oil-dependent economy, after being hit with the reality of Covid-19 and a protracted glut in oil prices worldwide. Nigeria has also been advised to review its maritime security rules and enlist the support of private security firms to tackle rampant piracy on its waters. Meanwhile, Major General Lucky Irabor promised to that the military would  provide maximum security for the nation's oil and gas assets.


(file photo).

Don't Miss

AllAfrica publishes around 800 reports a day from more than 130 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.