#Country Updates #News #Nigeria #Upstream Oil & Gas News

‘Oil theft, illegal bunkering will cripple Nigeria’s economy’

Source: Sweetcrudereports

 Rivers State Governor, Nyesom Ezenwo Wike says the country’s economy will remain vulnerable and weak if oil theft, illegal oil bunkering and artisanal refining of crude oil continue unabated.

Governor Wike said this while commissioning 14 ballistic gunboats, donated by the Rivers State Government to the Nigerian Navy, Nigerian Army, Police and Nigeria Security and Civil Defence Corps, recently, for the fight against oil theft.

The governor pointedly explained that the seeming frustration in the fight against oil theft and illegal refining of crude oil was caused by security personnel, who were deeply involved in the illegal activity or providing cover for the criminals.

He explained that the oil and gas sector was the mainstay of the nation’s economy and Nigerians owe it as a duty to ensure that the country’s economy was salvaged.

Source: Sweetcrudereports

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