Nigeria Lost N76bn Worth Of Crude To Pipeline Vandals In 2020

Nigeria lost at least 3.1 million barrels of crude worth about $200m (about N76.3 billion) in 2020 due to activities of pipeline vandals and crude oil thieves.

This figure is contained in a report released by the Nigerian Navy, which x-rays some of its operational activities in 2020. A barrel of crude oil currently sells for 50 dollars per barrel at the international market.

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Source: economicconfidential.com

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