• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

      FG Reaffirms Non-Interference in ICPC, EFCC Operations

      ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

  • Fact-Check
  • Economy
    • Customs Begins Live Operations of Automated Excise Register System

      Still on the “National Single Window” Project By Abdulsalam Mahmud

      Minister of Finance Wale Edun and the Comptroller General of Customs Bashir Adeniyi decorating OP Olaniyan

      Customs Generates N3.7trn in H1 2025 as FG Targets Enhanced Private…

      Customs Gets 4 New Deputy Comptrollers-General, 12 ACGs, Promotes 3,312 Officers

      DG NITDA Inuwa Kashifu at the GITEX Nigeria

      Sanwo-Olu, Tijani, Kashifu Urge Digital Innovation as GITEX Nigeria Opens

  • National
    • Eid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun Partisanship

      Military Troops during operations

      Troops Recover Weapons in Kwara Operation, Donate Fertiliser to Farmers in…

      BUKAA Announces 2025 AGM at BUK New Campus: Join In-Person or…

      Officers of NSCDC Mining Marshals

      Nigeria’s War on Illegal Mining Needs the Media on the Frontlines…

      Building Resilience: Crisis Communication in Modern Organizations By Princewell N. Achor

    • Government
      • Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar

        Eid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun Partisanship

        Officers of NSCDC Mining Marshals

        Nigeria’s War on Illegal Mining Needs the Media on the Frontlines…

        FG, Experts Urge Information Commissioners to Partner with ICPC on Grassroots…

        ASUU-STRIKE

        Strikes in Nigeria and the Collapse of Public Service By Tahir…

  • Security
    • NSCDC, Army Foil Bandit Attack on Plateau Farmers

      Troops Eliminate Bandits, Rescue Abductee, Recover Motorcycles in Katsina

      Military Troops in Action

      Military Foil Terrorists Attack, Recover Dozens of Rustled Livestock in Sokoto,…

      Military Troops during operations

      Troops Recover Weapons in Kwara Operation, Donate Fertiliser to Farmers in…

      Military Troops in Action

      Troops Ambush Militia Plotting Attack on Plateau Villagers

  • Features
    • Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar

      ACP Olumuyiwa Adejobi

      DCP Olumuyiwa Adejobi: The Spokesperson Who Redefined Police Communication

      (L-R) Yahaya Bello and Usman Ododo of APC Kogi

      RECOMMENDED: Godfatherism the Ododo-Bello Way!! By Nafisat Bello

      Officers of NSCDC Mining Marshals

      Nigeria’s War on Illegal Mining Needs the Media on the Frontlines…

      Building Resilience: Crisis Communication in Modern Organizations By Princewell N. Achor

  • State
    • Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar

      NSCDC, Army Foil Bandit Attack on Plateau Farmers

      Troops Eliminate Bandits, Rescue Abductee, Recover Motorcycles in Katsina

      Military Troops in Action

      Military Foil Terrorists Attack, Recover Dozens of Rustled Livestock in Sokoto,…

      Military Troops during operations

      Troops Recover Weapons in Kwara Operation, Donate Fertiliser to Farmers in…

  • Event
    • BUKAA Announces 2025 AGM at BUK New Campus: Join In-Person or…

      Vice President Kashim Shettima and President Bola Ahmed Tinubu

      Shettima at 59: Tinubu Hails VP’s Loyalty, Commitment to Service

      Erasmus Ikhide damaged Vehicle and Dangote Cement Truck

      Erasmus Ikhide Narrowly Escapes Death in Collision with Dangote Truck

      Supporters of Senator Shehu Buba

      PHOTOS: Bauchi Constituents Rally APC to Draft Senator Buba for 2027…

      The authors and their books

      PHOTOS: NIPR Hails Latest PRNigeria Books at Economic Confidential Lecture

    • PR Nigeria Award
  • E-Paper
Home Security NSA Ribadu Raises Alarm over Nigeria’s Loss of 400,000 barrels of Crude...
  • Security

NSA Ribadu Raises Alarm over Nigeria’s Loss of 400,000 barrels of Crude Oil daily

By
Prnigeria
-
August 27, 2023
nuhu ribadu
nuhu ribadu

NSA Ribadu Raises Alarm over Nigeria’s Loss of 400,000 barrels of Crude Oil daily

The National Security Adviser (NSA), Malam Nuhu Ribadu, says the country is still losing 400,000 barrels of crude oil daily to local and international thieves despite efforts to end the menace.

Ribadu confirmed this when he 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.

“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.

Read Also:

  • Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar
  • DCP Olumuyiwa Adejobi: The Spokesperson Who Redefined Police Communication
  • NSCDC, Army Foil Bandit Attack on Plateau Farmers

“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.

On the presidential delegation with the NSA were the Minister of Defence, Baduru Abubakar, and Chief of Defence Staff (CDS), Gen. Christopher Musa.

Others included the Chief of Air Staff (CAS), Air Marshal Hassan Abubakar; Minister of State for Defence, Bello Matawalle, and Minister of State (Oil), Petroleum Resources, Heineken Lokpobiri.

The Minister of State (Gas), Petroleum Resources, Ekperipe Ekpo, and senior management officials of the NNPCL as well as other top security personnel were part of tbe team.

By PRNigeria

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Christopher Musa
  • Ekperipe Ekpo
  • Malam Nuhu Ribadu
Previous articleJoint Military Training: The Elixir for Fight Against Insecurity
Next articleRe: Personal Statement on My NYSC Status as a Serving Minister — Hannatu Musawa
Prnigeria
Prnigeria
Xing

RELATED ARTICLESMORE FROM AUTHOR

NSCDC, Army Foil Bandit Attack on Plateau Farmers

Troops Eliminate Bandits, Rescue Abductee, Recover Motorcycles in Katsina

Military Troops in Action

Military Foil Terrorists Attack, Recover Dozens of Rustled Livestock in Sokoto, Kebbi

Military Troops during operations

Troops Recover Weapons in Kwara Operation, Donate Fertiliser to Farmers in Zamfara

Military Troops in Action

Troops Ambush Militia Plotting Attack on Plateau Villagers

BUKAA Announces 2025 AGM at BUK New Campus: Join In-Person or Virtually

IGP Egbetokun Appoints CSP Hundeyin as New Force PRO

The Director of Defence Media Operations, Major-General Markus Kangye,

Military Explains Why Retirees Can’t Benefit from New Minimum Wage Chart

FG, Experts Urge Information Commissioners to Partner with ICPC on Grassroots Anti-Corruption Drive

Troops Neutralise 13 ISWAP- Boko Haram Terrorists in Failed Ambush at Kareto, Recover Arms

Blasphemy Debora and Suspect

Amaye and the Tragedy of Jungle Justice By Umar Farouk Bala

NAF Airstrike fighter jets

NAF Airstrikes Kill Over 15 Terrorists in Sambisa Forest 

Recent Posts

  • Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar
  • DCP Olumuyiwa Adejobi: The Spokesperson Who Redefined Police Communication
  • NSCDC, Army Foil Bandit Attack on Plateau Farmers
  • Eid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun Partisanship
  • Troops Eliminate Bandits, Rescue Abductee, Recover Motorcycles in Katsina
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf AbubakarDCP Olumuyiwa Adejobi: The Spokesperson Who Redefined Police CommunicationNSCDC, Army Foil Bandit Attack on Plateau FarmersEid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun PartisanshipTroops Eliminate Bandits, Rescue Abductee, Recover Motorcycles in KatsinaMilitary Foil Terrorists Attack, Recover Dozens of Rustled Livestock in Sokoto, KebbiTroops Recover Weapons in Kwara Operation, Donate Fertiliser to Farmers in ZamfaraTroops Ambush Militia Plotting Attack on Plateau VillagersRECOMMENDED: Godfatherism the Ododo-Bello Way!! By Nafisat BelloBUKAA Announces 2025 AGM at BUK New Campus: Join In-Person or VirtuallyNigeria’s War on Illegal Mining Needs the Media on the Frontlines By Zekeri Idakwo LarubaBuilding Resilience: Crisis Communication in Modern Organizations By Princewell N. AchorIGP Egbetokun Appoints CSP Hundeyin as New Force PROMilitary Explains Why Retirees Can’t Benefit from New Minimum Wage ChartCustoms Begins Live Operations of Automated Excise Register System
X whatsapp