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Will Nigeria Win the Battle Against Oil Theft?

Nigeria relies on crude oil for more than two-thirds of its earnings and about 90% of foreign exchange income, but massive theft in the country's oil-rich heartland is draining national revenue, writes Shehu Salmanu for Deutsche Welle.

Nigeria has suffered significant losses due to crude oil theft, with the Nigerian Extractive Industries Transparency Initiative estimating that approximately 620 million barrels of crude oil, valued at $46 billion, were stolen between 2009 and 2020 alone. Some of the oil thieves are suspected to be members of militant groups operating in the region.

In April, Nigeria's oil workers union asked President Bola Tinubu to deploy additional troops to combat the widespread theft from oil pipelines.

The Nigerian authorities have beefed up efforts to thwart the theft of crude products in the oil-rich Niger Delta region. Chief of Naval Staff, Emmanuel Ogalla has said that the Niger Delta operation aims to reduce oil theft and increase crude output to improve the country's economy.

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