N16tr

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Economy

Nigeria Lost Over N16tr To Oil Theft – Orji

By Oduyemi Odumade Executive Secretary/CEO of Nigeria Extractive Industries Transparency Initiative (NEITI), Ogbonnaya Orji, says Nigeria lost over N16.25 trillion due to oil theft in the country. Mr. Orji stated this while Presenting a report on the $74.386 billion spent on fuel subsidy by successive administrations since 2011 to the Chairman, House Committee on Public Accounts, Mr. Bamidele Salam, during an interactive in Abuja. According to the Executive Secretary, the […]

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National

Nigeria Lost About N16tr To Oil Theft Between 2009-2020

The Speaker of the House of Representatives, Dr Tajudeen Abbas says the country lost about N16tr to crude oil theft between 2009 and 2020. The Speaker who spoke while inaugurating the adhoc committee to investigate crude oil theft and loss of revenue said the menace of crude oil theft has drastically hampered the growth of the country‚Äôs oil production, with Nigeria losing between 5 to 30 percent of daily crude […]

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