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THE continued loss of an average of 400,000 barrels of petroleum per day through theft and pipeline vandalism again exposes the dysfunction and institutional weakness of the Nigerian state. Given the parlous state of public finances, the latest official admission of the staggering quantum of petroleum stolen and the expenditure of N60 billion annually repairing vandalised pipelines, the seeming helplessness of the government in stopping it is stunning.
The disclosure by the Minister of Information and Culture, Lai Mohammed, that the 200,000 barrels of crude lost per day through pipeline destruction cost the country N60 billion to repair each year is bad enough. Some 1,161 pipeline points were vandalised between January 2019 and September 2020. Combined with the spills caused by sabotage at production points, the loss rises to over 400,000 barrels per day. Over 4.
The next biggest victim, Mexico, at a distant second, records only 5,000 to 10,000bpd daily loss. Iraq, despite years of strife, records less than 5,000bpd at third place, while Russia’s recently reported $63 million loss from its extensive pipelines is insignificant in comparison with Nigeria’s hefty haemorrhage.
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