Nigeria now losing 40,000 barrels of crude daily’

Governor Emmanuel Uduaghan of Delta State on Thursday said the Federal Government had succeeded in bringing down the volume of crude oil being lost to thieves in the country to about 40,000 barrels from 100,000 daily.

Uduaghan said this in an interview with State House correspondents shortly after attending a meeting inside the Presidential Villa, Abuja.

He said the reduction was as a result of some measures put in place by the government.

The governor expressed the belief that the figure would soon be further reduced.

He said, “Let me emphasise that the volume of crude oil theft is reducing. Again, I must explain that at a time, oil theft was at its peak; there was a shut-in of about 300,000 barrels of oil as a result of damage to two major pipelines; and at that time, between 80,000 and 100,000 barrels were being stolen.