Fire, natural hazards, roof overloading and theft can obstruct the growth of solar power —Allianz Commercial report
Over time, extra load can lead to stress on the roof, potentially causing leaks, sagging, or even collapse.
Over time, extra load can lead to stress on the roof, potentially causing leaks, sagging, or even collapse.
TCN once again appeals to security operatives, host communities, traditional rulers, state governments, and all stakeholders to collaborate with TCN in the fight against power installation vandalism.
Specifically, between July 1st and August 11th, 2024, TCN installations have experienced numerous vandalism attacks in less than six weeks
It is important to note that the current power situation being experienced generally is a result of low load allocation, caused by low power generation into the nation’s grid,
This act, perpetrated by insurgents, resulted in a load loss of approximately 5MW.
Oil theft was an emergency that posed serious threat to oil exploration and exploitation with huge negative consequences on economic growth, business prospects and profit earnings by oil companies.
While applauding their efforts, Osadare stated that it was important to let the Agency know that vandalism is still on the increase; hence the need to urgently intervene.
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.
Between January and September 2021, Nigeria lost N898.93bn to crude oil losses and repairs of vandalised pipelines, among others, documents obtained from the Nigerian National Petroleum Company Limited showed.