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Nigeria loses N78m daily in gas revenue
The recent attacks on oil and gas pipelines in the Niger Delta is robbing the nation of N78, 800,000 gas revenue on daily basis, while the attack on the Bonny – Okrika crude line has affected supply from Warri Refinery.
The attack was said to have affected gas pipelines, which contributes to the Escravos Lagos Pipeline System (ELPS), leading to a loss of 160mmsfcd of gas daily.
At a cost of $2.50 per thousand scf, this means about $400,000 loss to the country on a daily basis (N78, 800,000 daily) in gas.
The attack on pipelines came on the heels of a court order to arrest a former Niger Delta militant leader, Mr. Government Ekpemupolo, also known as Tompolo over his alleged complicity in N34bn fraud.
Read also: UNIDO to boost electricity generation in Nigeria with $2.6m
The Minister of Niger Delta Affairs, Usani Uguru Usani, who expressed concern over the activities of the militants, said the attacks has disrupted the supply of crude oil to the Warri Refining and Petrochemical Company (WRPC), which is still on stream as it is producing a little above 1.4 million litres of petrol per day.
Usani spoke at the weekend during an emergency meeting attended by NNPC, NDDC, Navy, Amnesty Office, Ministry of Defence, Ministry of Interior and the Ministry of Information.
The stakeholders meeting, the minister explained, was called following the upsurge of violent attacks by militants in the Niger Delta region.
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