The Particular Committee on Theft and Losses of Crude Oil of the Home of Representatives has appealed to the Nigerian Navy to help it with related data to unravel these behind the continuing theft of the nation's crude oil.
Rep. Alhassan Ado Doguwa, the Chairman of the Fee, mentioned in a press release made out there to journalists on Sunday in Abuja after the assembly with the Chief of Naval Workers, Vice Admiral Emmanuel Ogala.
He assured Ogala that the data obtained confidentially by the committee can be handled with the utmost care.
In response to him, the theft of crude oil is a significant concern to the economic system of our nation, Nigeria, and in that regard, we imagine that we should lengthen our hand of friendship to the related safety stakeholders.
“Parliament has budgeted about N28.77 trillion for the yr 2024, primarily based on the crude oil benchmark of $77.96 per barrel and manufacturing of 1.78 million barrels per day.
“In January 2024, Nigerian oil manufacturing rose to about 1.42 million barrels per day; this represents a rise of roughly 6.85 p.c in comparison with the manufacturing determine of 1.39 million barrels per day in December 2023.
He mentioned there gave the impression to be a gradual enchancment in oil manufacturing, however added that the nation was nonetheless beneath the OPEC quota of 1.58 million barrels per day within the 2024 price range benchmark.
Doguwa mentioned the principle cause the nation was not assembly its manufacturing targets was largely attributed to crude oil theft.
“This theft is carried out in conspiracy, which not solely threatens the nation's economic system however has even created a nationwide safety disaster.”
The assertion quoted the Chief of Naval Workers as agreeing that oil theft stays a significant problem to the nation's economic system, citing NNPC Ltd's latest report. highlighted on the rise in crude oil manufacturing to about 1.78 million barrels per day.
This, he mentioned, was the best within the final three years, including that it was nonetheless beneath Nigeria's OPEC quota, whereas guaranteeing that the Navy would work with others to make sure the quota was met.
He, nonetheless, lamented the scarcity of employees in view of the vastness of the nation's waterways, which he mentioned lined greater than one-tenth of Nigeria's land space.
He mentioned the Navy had lower than 30,000 personnel to man the huge sea house with the operational directives of surveillance, enforcement and help in enforcement coordination.
