Oil Thieves and vandalism one of the biggest threats to Nigeria’s economy

Oil Thieves and oil vandalism has become one of the major economic setback Nigeria as a setback is facing.

From Niger Delta oil vandals, to lack of oil refineries in the country which is costing the nation a huge amount of money every year.

According to 2022 statistics Nigeria as a nation loses 35% revenue due to oil thieves/vandals every year.

In a recent statement by the Senate President Ahmad Lawan, Nigeria loses between 700,000 and 900,000 oil barrels per day due to these issues.

The earlier the government starts tackling such devastating issues the better for all of us and Nigeria economy that is already facing enough difficulty post-pandemic struggles.