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Nigeria Spends N60bn Annually On Vandalized Pipelines
Nigeria losses an average of 200,000 barrels per day to the destruction of oil pipelines. This loss amounts to a total of 60 billion spent annually on repair and maintenance. The Minister of Information and Culture, Lai Mohammed, who disclosed this said that the destruction of public infrastructure by some unpatriotic Nigerians required great concern…
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NNPC: N53.36bn Spent On Pipeline Repairs In 11 Months
The Nigerian National Petroleum Corporation has spent N53.36bn on pipeline repairs and management cost from January to November 2020. A total of 441 points on petroleum products pipelines were vandalised in 2020, compared to 1,484 points in 2019, data from the NNPC said. “Products theft and vandalism have continued to destroy value and put…