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Nigeria Loses 362.28 Million Barrels of Crude to Sabotage and Measurement Errors — NEITI

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Nigeria lost 362.28 million barrels of crude oil between 2014 and 2023 due to sabotage, measurement errors, and production adjustments, according to a new report from the Nigeria Extractive Industries Transparency Initiative (NEITI). This amounts to an average daily loss of 992,547 barrels over the ten-year period.

The NEITI report, titled “Oil & Gas Industry Audit 2023,” revealed that production deferment during the review period reached 110.66 million barrels. These losses were largely attributed to outdated pipelines and inadequate infrastructure.

A breakdown of the losses showed that the highest occurred in 2016, with 101.6 million barrels lost, leading to a $4.6 billion revenue shortfall. Losses varied across the years, peaking in 2016 and decreasing by 2023, when Nigeria recorded a significant reduction to 7.68 million barrels, a 79% drop from the 36.69 million barrels lost in 2022.

The report recommended that the Nigerian government consider public-private partnerships to implement digital solutions aimed at preventing future losses. Additionally, NEITI advised the creation of a special fund and database to monitor and address crude oil losses more effectively.

The decline in losses in recent years signals progress in governmental efforts to improve the oil and gas sector’s operational efficiency and accountability. However, NEITI emphasized the need for a forensic audit of wellheads and production platforms to boost production and prevent future losses.

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TCN Acknowledges 7th Grid Collapse in 2024

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The Transmission Company of Nigeria (TCN) has reported its seventh partial grid collapse in 2024. Despite the recurring issue, TCN’s General Manager of Public Affairs, Ndidi Mbah, reassured the public that efforts to restore power are well underway, with about 90% of substations receiving bulk power.

Mbah noted that the Azura Power Station initiated the grid recovery, although a minor setback occurred. However, power supply has been restored to the Abuja region and other key distribution centers. The Ibom Gas Generating Station remained unaffected, continuing to supply power to the South-South region.

An investigation into the cause of the collapse will commence once full grid restoration is achieved.

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Jigawa Tanker Tragedy: Shettima, First Lady Mourn Victims, Pledge Federal Support

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Vice President Kashim Shettima has expressed deep sorrow over the tragic tanker explosion in Jigawa State, which claimed over 100 lives. In a statement issued by his media aide, Stanley Nkwocha, Shettima, on behalf of President Bola Tinubu, extended condolences to the affected families, praying for strength and comfort in their time of grief.

Shettima assured the public that the federal government is mobilizing resources to support the injured and assist those affected. He has directed the immediate deployment of the National Emergency Management Agency (NEMA) to provide aid. The Vice President also stressed the need for a review of fuel transportation safety protocols to prevent future incidents.

In a separate statement, First Lady Oluremi Tinubu offered her condolences to Jigawa Governor Umar Namadi and the people of Jigawa, praying for peace and comfort for the families affected. She called the incident “unfortunate” and extended prayers for the recovery of the injured and the repose of the souls lost in the tragedy.

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Nigeria Customs Intercepts Arms, Ammunition Worth N9.5bn Over Six Years

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The Nigeria Customs Service (NCS) has revealed that it intercepted a total of 10,598 pieces of arms and 114,929 rounds of ammunition valued at N9.58 billion over the past six years. Comptroller General of Customs, Bashir Adewale Adeniyi, made this disclosure during a press conference on enforcement activities in Zone A.

Adeniyi highlighted that 60% of these seizures occurred in 2023, reflecting the Customs’ increased efforts to curb arms smuggling. He also mentioned that recent operations such as Operation Whirlwind and Operation Swift Sting are part of a strategic response to tackle evolving smuggling tactics.

In addition to arms seizures, the Customs CG announced the largest pangolin scale seizure since 2020, with 9,493 kg of scales confiscated in collaboration with the Wildlife Justice Commission. The joint operation led to four arrests across Kano, Kaduna, and Lagos. The NCS continues to intensify efforts against wildlife trafficking, targeting supply routes in northern Nigeria and border areas.

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