2016 budget impacted by renewed militancy in Niger Delta – NNPC

*Niger Delta militants.

*Niger Delta militants.

Oscarline Onwuemenyi

22 July 2016, Sweetcrude, Abuja – The Nigerian National Petroleum Corporation (NNPC) has said that Nigeria’s plans as contained in its 2016 budget are now being impacted by the resurgence in militant activities in the Niger Delta.

The NNPC also said pipeline vandalism in the region has led to the curtailment of about 700,000 barrels of crude oil per day.

A statement from the corporation made available to our correspondent noted that NNPC’s Group Managing Director, Dr. Maikanti Baru disclosed this to the Chief of Defence Staff (CDS), Major-General Abayomi Gabriel Olonishakin on Thursday when he paid him a courtesy visit in Abuja.

He told the CDS that the country’s power sector was also impacted by the development, and that from January to May this year, an equivalent of 1447 vandalism incidents have been recorded in the country resulting to a loss of an equivalent of 109 million litres of petroleum products and an equivalent of 560,000 barrels of crude oil to the nation’s refineries in Warri; Port Harcourt; and Kaduna.

The newly-appointed NNPC boss sought the assistance of the CDS in checking the activities of vandals who destroy oil and gas assets across the country.

Baru said, “CDS sir, as you may be aware, Nigeria’s energy supply security is underpinned by a robust network of over 8000kms of pipeline assets used in the transportation of crude oil, petroleum products and natural gas.”

About the Author