March 30, 2022 – Energy Worth Online

How Nigeria can end rising crude oil theft

Energy Worth3 years ago3 years ago017 mins

In 2020, the Nigerian Extractive Industry Transparency Initiative (NEITI) said Nigeria’s loss to crude oil theft stands at $4.19 billion yearly. Reportedly, Nigeria is losing over 300,000 barrels of crude oil per day to oil theft, vandalism and other related criminal vices in the country. The implications, according to reports released by NEITI include loss of revenue, environmental disaster, a threat to regional peace and security, the proliferation of arms and a poor investment climate.

Azura MD: Why electricity privatisation is not yielding expected results

Energy Worth3 years ago3 years ago06 mins

“Nigerians have always taken electricity as a social product which should not be paid for. It is difficult to pinpoint when, exactly, this attitude emerged; but it stands to reason that as electricity from the grid became increasingly unstable (and so served as a back-up power source to most people rather than their primary source), people stopped paying for a product they were not receiving,” Okeke said.

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Day: March 30, 2022

How Nigeria can end rising crude oil theft

Azura MD: Why electricity privatisation is not yielding expected results