The Federal Government has announced the creation of a strategic plan to eradicate crude oil theft in the country. Hope Uzodinma, the Chairman of the Crude Oil Theft and Management Committee, revealed this after a closed-door meeting with governors in Abuja, stating that the committee was formed in 2023 by Vice-President Kashim Shettima due to increasing worries about crude oil theft.
“This has reduced our oil production status drastically and has caused untold hardship to the country and almost tampered with the margin of our currency.
“Today, we met since the first meeting after the reconstitution to develop a work plan that will be used by the committee to be able to confront this case of crude oil theft headlong.
“We just developed a road map, an action plan that we will take. At this stage of preliminaries, we are trying to identify, really, the areas of leakages and the likely causes and what have made it possible.
“Our concern is to restore Nigeria’s oil production profile to either better than what it used to be or at least, where it was, which is about two million barrels,” he said.
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