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Nigeria has lost 1m barrels of crude per day for 6 months –Osinbajo



Arewa Youths, IPOB leaders may be charged for terrorism
The Vice-President, Yemi Osinbajo has revealed that the nation has been losing about 1 million barrels of crude oil per day in the last six months due to the activities of vandals.
Osinbajo stated this on Tuesday when he played host to Northern States Pentecostal Bishops Forum in his office at the Presidential Villa, Abuja.
The Senior Special Assistant to VP, Laolu Akande, quoted Osinbajo in a statement as saying that aside the massive fall in oil prices, the vandalism of pipelines had led to a worsening of the situation with the country losing about one million barrels of oil per day for up to six months now, adding that vandalism has equally cut power supply short since gas pipelines were also destroyed.
The Vice-President further added that the current economic crisis in the country was one of the consequences of the kind of stealing that has been taking place in the country over the years.
He added however that there is great hope that the country will prosper again.
“This country has been badly governed. We are dealing, for instance, with the embezzlement of funds to the tune of $15bn in one sector alone.
“We have to, that is why we are here. We have not turned attention to the oil and gas sector, where the former CBN governor alleged that $20bn was stolen. We must condemn and stand up against this level of corruption. It is the single most important reason of the current state of the country. We can’t ignore it.”
By Timothy Enietan-Matthews….
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