With Nigeria facing the reality of not meeting its 2024 oil production target, Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri and the Chief of Defence Staff, Major General Christopher Musa have vowed to curb oil theft and pipeline vandalism in the Niger Delta region.
Abuja —With Nigeria facing the reality of not meeting its 2024 oil production target, Minister of State Petroleum Resources , Senator Heineken Lokpobiri and the Chief of Defence Staff, Major General Christopher Musa have vowed to curb oil theft and pipeline vandalism in the Niger Delta region.
Speaking in Abuja when the CDS visited him, Lokpobiri said: “The quickest way to solve our economic challenges is through the oil and gas sector. Today, oil sells for over $90 per barrel and if we ramp up production and reduce the level of oil theft and pipeline vandalism, we will be able to raise the requisite money to be able to fund not only our budget but take care of our forex problems and then ensure that we stabilize our economy.
“We cannot eliminate it but working together with you will be able to reduce it to the barest minimum. So, that we will be able to benefit from the production of oil and gas that is going on.
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