Oil theft has reduced, Tinubu says
Oil theft and pipeline vandalism remain major challenges to Nigeria’s oil and gas industry, causing substantial revenue losses, production disruptions, and higher costs to secure and maintain petroleum infrastructure.
President Bola Tinubu says oil theft has declined in Nigeria, attributing the improvement, alongside growth in the oil and non-oil sectors, to the country’s improved economic performance.
Oil sector reforms, investment Reforming the oil and gas sector has been a major focus of the Tinubu administration since it assumed office in May 2023, particularly after the removal of the petrol subsidy and changes to the foreign exchange market.
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