National Security Adviser (NSA), Malam Nuhu Ribadu, said the country is still losing 400,000 barrels of crude oil daily to local and international thieves despite efforts to end the menace. Meanwhile an oil theft situation assessment delegation deployed in the Niger Delta by President Bola Tinubu discovered an illegal oil connection. From the illegal connection discovered at Owaza in Abia, Nigeria loses an average of $7.2 million monthly, the Nigerian National Petroleum Company Ltd. (NNPC Ltd.) said. It added that clandestine refineries, illegal bunkering operations and environmental devastation the team saw in communities visited, collectively translated into severe economic losses for the nation. The delegation, led by the Minister of Defence, Malam Muhammed Badaru, has service chiefs, and the Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri as members. Ribadu led a presidential delegation to inspect oil and gas facilities at Owaza in Abia and Odogwa in Etche Local Government Area of Rivers. He said the activities of oil thieves and pipeline vandals had impacted negatively on the nation’s economy and were partly responsible for the rising cost of living in the country. “It’s unfortunate that few individuals would steal our common resources, and in the process cause unbelievable loss to both the nation, communities and 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 theft and vandalism of pipelines. Other members are the Minister of State for Petroleum Resources (Gas), Mr Ekperipe Ekpo, the National Security Adviser, Malam Nuhu Ribadu, and the Group Chief Executive Officer, NNPC Ltd., Malam Mele Kyari. Also in the team are Commander of “Operation Delta Safe”, Rear Adm. Olusegun Ferreira, operatives of security agencies and chief executive officers of regulatory agencies in the oil and gas sector. The team visited the Trans-Niger Pipeline Right of Way in Owaza, Abia, where an array of dismantled illegal connections were observed. The delegation also visited Bille, Azuzuama, Ahoada, Rumuekepe Ebocha, Abacheke, Egbema, Ohaji, and Koko communities in five states of Abia, Rivers, Bayelsa, Imo and Delta States. “We are ready to do whatever it takes for a peaceful Niger-Delta. Cease and desist from crude oil theft and economic sabotage,” Malam Badaru advised at the site.
In his remarks, Kyari said while oil theft in vessels could be tracked, oil-bearing communities must play a vital role in curbing oil theft within their communities. “Oil theft is one of the reasons why Nigeria cannot meet her OPEC daily production quota,’’ he said. Also speaking at the site, Chief Security Officer of Pipeline Infrastructure Nigeria Ltd., Mr Patrick Godwin, said some arrests had been made and culprits arraigned. In his comments, Ribadu applauded security agencies, community security contractors, and NNPC Ltd. for stepping up the fight against oil theft and economic sabotage. “The environment and livelihoods are being destroyed while the federation is deprived of revenue capable of shoring up the economy and strengthening the Naira,” he said.
“So, we are talking about 400,000 barrels of crude oil going to waste with few criminals and economic saboteurs not even getting much out of it,” he said. Ribadu said the operators of artisanal refineries collect a small quantity of crude oil when they broke the pipelines while larger volumes of oil were spilled on the environment. “The value of 400,000 barrels of oil today is about 4 million dollars, and every day, we lose this amount because of this irresponsible behaviour. If you multiply 4 million dollars by 365 days (one year), you will see that it is a lot of money running into billions of dollars. Currently, the country is in desperate need of money as the Naira is continuously losing its value because we earn less money.
“If we earn more money, it will not only help strengthen our currency but reflect in everything, including cost of living in the country,” he added. The NSA said that the President Bola Tinubu administration was concerned about the development and was already taking actionable steps to address the matter. He said huge investments made by the government in building infrastructures for the common good of all were being destroyed by few individuals, and in the process, destroying the environment. Ribadu called for a united front to tackle oil theft and end decades of attacks on the nation’s oil and gas infrastructures. “We are working hard with the security forces and those employed by the Nigerian National Petroleum Company (NNPC) Limited to secure our facilities and end this madness called oil theft,” he said.
