Monday, June 14, 2021

Nigeria lost over N1.5tr to attacks by Niger Delta militants in 2016


tiamin rice

The Nigerian Petroleum Development Company (NPDC) lost N1.5 trillion due to attacks on its facilities in 2016, an official has said.

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, stated this on Wednesday.

In a statement ‎by Ndu Ughamadu, Group General Manager, Group Public Affairs Division, Mr. Baru said the exploration and production subsidiary of the corporation lost the amount due to attacks on its facilities from January till date.

Mr. Baru disclosed this when he declared open the 2016 NNPC Security Awareness week with the theme:‎ “NNPC Security: A Task for All Stakeholders”.

He ‎lamented the rising spate of criminality in the society at large and in the oil and gas industry in particular leading to loss of much needed revenue.

READ  Troops nab suspected pipeline vandals in Niger Delta
READ  CBN, NCC, others shortchange Nigeria of N1.69tn through under remittance

“At industry level, we are all conversant with the seriousness and frequency with which national assets in form of pipelines, flow stations are vandalised and crude oil and white products stolen with impunity.‎

“In 2016, January to date for example, NPDC alone recorded 59 security incidents resulting in crude production shut down/deferment and revenue loss of over N1.5 trillion,” he said.‎

Many of the attacks were carried out by the Niger Delta Avengers, an armed group in the oil producing region. The attacks reduced Nigeria’s oil production and export by about 50 per cent and also affect power generation as gas supply to power plants for cut.

READ  Kebbi, NNPC strengthen collaboration on biofuel production

Mr. Baru urged all Nigerians to do everything possible to help protect national assets, adding that governments at various levels were working to fight criminality.

He assured staff that security was a focal point of his administration and that success could only be achieved when all stakeholders imbibed the consciousness that security was a task for everyone.

“At corporate level, you are all aware that the first item on my 12 Focus Areas is security.

READ  Governors meet to discuss minimum wage, security, stamp duties

“This is in recognition of the imperative that without assurances of safety, NNPC, the oil and gas industry, and indeed the country cannot achieve appreciable growth to assure citizens of decent and productive lives,” he said.

READ  Nigeria’s GDP grows by 1.40 percent in 3rd qtr - NBS

Mr. Baru also launched the Corporation’s Kidnap for Ransom Policy to raise staff awareness on the need to avoid actions that make them prone to kidnapping, especially now that kidnapping for ransom had become rampant.

He charged all staff to participate actively in the activities of the Security Awareness Week to imbibe ideas that could help them not only on personal security but also on the protection of national assets. 

Related News


Please enter your comment!
Please enter your name here
READ  Falana to Nigerian govt: Open up on $470m, N8.8bn allegedly recovered by police

Latest News

atrk atrk atrk atrk atrk atrk atrk atrk atrk atrk