One of the most significant challenges confronting President Bola Ahmed Tinubu's administration is the pervasive issue of oil theft, which has led to a drastic decline in crude oil production and a scarcity of premium motor spirit (PMS) supplies. This has, in turn, caused a surge in prices across the country, exacerbating the current economic hardships faced by citizens.

According to Rep. Philip Agbese, the Deputy Spokesman of the House of Representatives, the Nigerian Navy has surpassed expectations in maritime security, anti-piracy operations, and crackdown on oil theft menace. 

We Recorded 157 Oil Theft in Niger Delta Within a Week - NNPCL   Despite renewed efforts aimed at tackling oil theft, the Nigerian National Petroleum Company Ltd (NNPCL), said it recorded 157 incidents within one week (December 30, 2023 and January 5, 2024) in the...

NNPCL Records 149 Oil Theft Cases In a Week   The Nigerian National Petroleum Company Limited (NNPCL) said it recorded 149 incidences of crude oil theft across the Niger Delta in one week. In a statement on Tuesday, the Company said in one of the incidents, an...

Fed Govt Loses N1.9trn To Oil Theft In July   Crude oil theft may have cost the country a whopping N1.9tn revenue loss in July. The estimation was arrived at following a pronouncement by the National Security Adviser, Nuhu Ribadu, last week when he led a presidential...

'Over $56bn Lost To Oil Subsidy, Theft'   Nigeria lost $46.16bn to crude oil theft between 2009 and 2020, while it lost $10.7bn annually to subsidy on Premium Motor Spirit, popularly called petrol, the Energy and Natural Resources subcommittees of the Advisory Council of President Bola...