FG Develops Roadmap To Tackle Oil Theft

Philip Daniel Yatai
Jan, Wed, 2024

Oil & Gas

FG develops roadmap to tackle oil theft

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By Naomi Sharang

The Federal Government says it has developed a roadmap to end crude oil theft in the country.

Gov. Hope Uzodimma of Imo and the Chairman, Crude Oil Theft and Management Committee of the National Economic Council (NEC), said this when he briefed newsmen shortly after a closed-door meeting with some governors in Abuja on Wednesday.

Uzodimma said that the committee was constituted in 2023 by Vice-President Kashim Shettima following growing concern over crude oil theft.

“This has reduced our oil production status drastically and has caused untold hardship to the country and almost tampered with the margin of our currency.

“Today, we met since the first meeting after the reconstitution to develop a work plan that will be used by the committee to be able to confront this case of crude oil theft headlong.

“We just developed a road map, an action plan that we will take. At this stage of preliminaries, we are trying to identify, really, the areas of leakages and the likely causes and what have made it possible.

“Our concern is to restore Nigeria’s oil production profile to either better than what it used to be or at least, where it was, which is about two million barrels,” he said.
Uzodimma added: “We are committed not to disappoint the expectations of the national economic council.

“It is my hope, going by our deliberation, that we will be able to make the difference as our own contribution toward national development.”

The News Agency of Nigeria (NAN) reports that other governors at the meeting included Gov. Sheriff Oborevwori of Delta; Gov. Bassey Otu of Cross River, Gov. Lucky Aiyedatiwa of Ondo; Gov. Mai Mala Buni of Yobe; and the Deputy Governor of Bayelsa, Mr Lawrence Ewhrudjakpo. (NAN)

Edited by Ayodeji Alabi/ Ali Baba-Inuwa

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