Nigeria Loses N.522bn in 28,349 Oil Spills

Nigeria lost N522.2million through 28,349.72 barrels of crude oil spilled into the environment by oil and gas companies in 2019. The National Oil Spill Detection and Response Agency, NOSDRA, disclosed this in a data obtained by Vanguard.

A barrel of crude oil is equal to 158.99 litres of the commodity, meaning that at 28,349.72 barrels, 4.507 million litres of crude oil was spilled into the environment in 2019, with the attendant environmental challenges.

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