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FG should curtail rising crude oil theft – Makinde

BY DAPO AKINREFON

A member of the House of Representatives from Ife Federal Constituency, Mr. Rotimi Makinde, has expressed concerns over the spate of oil theft and pipeline vandalism in the country, urging the Federal Government to adopt a home-grown tactics to curb the menace.

At briefing in Lagos, Makinde lamented that an estimated 400,000 barrels per day, translating to about 20 per cent of Nigeria’s crude oil output, was being lost to the illicit activities of vandals and thieves.

He said: “Sadly, the activities of oil thieves,which hamper the amount of barrels of oil available for export and the insufficient investments in the upstream sector of the Nigerian oil and gas industry, have remained major impediment to our economic growth and it appears that the government is indifferent.”

Makinde, a member of the Petroleum Industry Bill, PIB, Committee, expressed doubts about the current security arrangements for petroleum products pipeline in the country


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