Lawan, Nigeria Senate President Reacts Over Oil Thief as Enemy To Nigeria Economic Growth.

 

 Lawan, Nigeria Senate President Reacts Over Oil Thief as Enemy To Nigeria Economic Growth following over 700,000 to 900,000 barrel of oil lost to oil thief in Nigeria Oil industry.

The Senate President, Lawan in a section has giving that Nigeria Government loss over 35% of her revenue to oil thief which are enemy to Nigerian economic growth.

 

Giving detail record, he said, "The oil theft in the country has taken a monumental dimension. Nigeria now loses between 700,000 and 900,000 barrels per day, which has translated to 35% loss in oil revenue''.

Senate President Ahmad Lawan has said that oil thieves are Nigeria's biggest enemies. 

 

Lawan said this during the 2023 budget presentation in the National Assembly Complex, Abuja, on Friday October 7. 

The Senate President who revealed that Nigeria loses between 700,000 and 900,000 oil barrels per day, which has translated to 35% loss in oil revenue, thanked the president for timely presentation of the budget, adding that it would give the National Assembly enough time to consider and pass it.

 

Lawan said; 

 

“The oil theft in the country has taken a monumental dimension. Nigeria now loses between 700,000 and 900,000 barrels per day, which has translated to 35% loss in oil revenue.

“The oil thieves are worst enemies of the country and have declared war against the country. So, drastic action must be taken to tame the activities of the thieves.”

 

He concluded by saying that the 2023 budget should target the completion of the ongoing project, especially the legacy project.