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How Nigeria Lost N4.3tn to Oil Theft in Five Years – NEITI
Nigerian government revealed on Monday, that over N4.3 trillion worth of crude oil was lost to oil theft in 7,143 pipeline vandalism cases within five years.
This was disclosed at the Nigeria International Pipeline Technology and Security Conference in Abuja, highlighting the severe impact of oil theft on the nation’s economy.
In a presentation at the conference, the Nigeria Extractive Industries Transparency Initiative (NEITI), painted a grim picture of the oil theft situation, labeling it a “national emergency.”
NEITI Executive Secretary Ogbonnaya Orji emphasized the grave consequences of oil theft, stressing its detrimental impact on oil exploration, exploitation, economic growth, business prospects, and oil company profits.
Providing data from the agency’s reports to back his claims, he said: “NEITI disclosed that in the last five years, 2017 to 2021, Nigeria recorded 7,143 cases of pipeline breakages and deliberate vandalism resulting in crude theft and product losses of 208.639 million barrels valued at $12.74m or N4.325tn.
“NEITI reports also disclosed that during the same period Nigeria spent N471.493bn to either repair or maintain pipelines.”
Orji pointed out that from NEITI’s 2021 Oil and Gas Industry Report released in September, the sector accounted for 72.26 per cent of Nigeria’s total export and government’s foreign exchange, 40.55 per cent of government revenue, and provided 19,171 jobs.
“However, for us in NEITI, it is not a matter of debate that despite the strategic contributions, the country is yet to derive optimal benefits from its oil and gas resources due to oil theft and losses through pipeline vandalism, pipeline integrity compromise, outright sabotage, and general insecurity in the region.
“From NEITI’s reports over the years, and recently insights from our membership of the Special Investigative Panel on Oil Theft and Losses, we are aware that oil theft is perpetrated mainly through pipeline clamping, illegal connections on major pipelines, exploitation of abandoned oil wellheads, pipeline breakages and vandalism of key national assets to illegally siphon crude into waiting vessels stationed in strategic terminals.
“These criminal exploits take place most times in atmosphere of communities’ complicity and conspiracy of silence,” the NEITI boss stated.
He stressed that it was also a matter of fact that many members of the pipeline’s association were directly and indirectly involved in providing the skills and knowledge required to perpetrate oil theft.
“As you are aware, illegal connections, pipeline clamping, etc, cannot be done by just anybody. And so, your association is largely complicit by failing to put in place stringent regulation and appropriate sanctions to check involvement of your members.
“For instance, NEITI has put in the public domain empirical data of oil theft and losses at 619.7 million barrels of crude, valued at $46.16bn or N16.25tn between 2009 and 2020.
“In addition, Nigeria lost 4.2 billion litres of petroleum products from refineries, valued at $1.84bn at the rate of 140,000 barrels per day, from 2009 to 2018.
“Thus, the total value of crude losses between 2009 and 2020 is higher than the size of the country’s foreign reserves and almost 10 times Nigeria’s oil savings in Excess Crude Account,” Orji stated.
He told participants at the conference that Nigeria’s economy cannot grow in an atmosphere of oil theft, pipeline vandalism, and general insecurity in the oil-producing communities.
News
ARCON to Sanction Perpetrators of Misleading Adverts
Advertising Regulatory Council of Nigeria (ARCON) has expressed concern over the proliferation of unethical advertisements on Meta-owned platforms, including Instagram and Facebook.
The regulator criticised individuals and organisations promoting unverified health claims, warning that such practices endanger public health and violate advertising laws.
In a statement signed by Dr. Olalekan Fadolapo, its director-general, ARCON, announced plans to sanction those responsible for these misleading advertisements.
The agency highlighted that many of the claims lack scientific or clinical validation, putting Nigerian consumers at risk.
“Investigations reveal that these products are not certified by relevant regulatory agencies and may be unsafe for use. Advertisers exploit the unregulated nature of online platforms to circulate these unapproved ads,” ARCON stated.
The agency further explained that the ads were neither submitted to nor approved by the Advertising Standards Panel (ASP), a statutory body tasked with ensuring compliance with the Advertising Regulatory Council of Nigeria Act No. 23 of 2022.
The ASP’s role includes vetting advertisements for ethical standards and adherence to Nigerian laws.
Some of the products include, Hookup Kit Runs Girl Package (It brings only rich and wealthy men to you), Nancy Secret Kayamata (Come and lock ur stubborn clients with us), Extreme Control Set (It comes with attention, love, control/command products to make your man grant your heart desires), Nancy Secret Kayamata (Very effective result is guarantee…) and Big Girls Soap (This is a special product for ladies that are expecting rich men & also favour from them and contractors can use it as well).
Dr. Edheba Trado Medical Centre also made two claims (We specialize in all bones dislocations, fractures, all spinal injuries; and Absolute treatment for all cases of high blood pressure)
While five claims were made by Billz Herbal Wellness (Bring all your ‘gbola’ issues to bills … I can help you get rid of that stubborn infection as well; Na ‘gbola’ wey sweet woman de fight for; Make it stronger, longer and last longer in bed; Meet the infection terminator; and Stop scratching and treat infection).
Jinja Herbal Extracts also has five claims (For treatment of infections, diabetes and others; The solution for all kinds of infections; Stabilises blood sugar level; Don’t let this lucrative opportunity pass by; and Boost your health with our super unique Jinja Herbal Extracts).
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Nigeria’s Education Reform: 16 New Trades Added to Curriculum
As part of efforts to reform the Education sector in Nigeria, the Federal Government has announced the addition of hairstyling, plumbing, GSM repair, makeup and 12 other new trades/new subjects to the basic education curriculum.
The National Orientation Agency (NOA) disclosed this in a statement released. The new trades were added to the Basic Education curriculum to boost students’ practical skills and employability.
The subjects include plumbing; tiling and floor works; POP installation; event decoration and management; bakery and confectioneries; hairstyling; makeup; interior design; GSM repairs and satellite/TV antenna installation.
Others are CCTV and intercom installation and maintenance; solar installation and maintenance; garment making; agriculture and processing (including crop production, beekeeping, horticulture and livestock farming like poultry and rabbit rearing), and basic digital literacy (including IT and robotics).
The statement mentioned that the new subjects will take effect from January 2025 for primary and junior secondary students across the country.
News
Social Impact Champions Call for Business Investment in African Women and Girls
Social impact and industry leaders have called on Global Conglomerates, African Businesses, Philanthropies and Foundations meeting in Davos to support the advancement of social progress for African women and Girls.
Leaders who attended the two events organised by Brands on a Mission (BoaM), Children’s Investment Finance Foundation (CIFF) and Tiko – a non-profit leveraging technology to transform sexual and reproductive health – emphasised the social and economic advantages that can be won through investment in African women and girls.
BoaM Founder and Chief Mission Officer Professor Myriam Sidibe said, “as a woman and a lifelong advocate for sustainable business practices, I have witnessed the transformative power of investing in Africa’s greatest resource: its girls. They are not only the future of our continent but also the untapped potential that can drive unprecedented economic and social change.”
Investment in women and girls, who make up 50 percent of Africa’s population – makes good business sense with African women and girls driving up to 70 percent of consumer spend and acting as key decision-makers for four out of five products purchased in their households. Protecting the interests of women and girls also protects the interests of economic growth on the African continent.
According to the World Health Organisation, poor access to Sexual and Reproductive Health and Rights services and products is to blame for approximately 73 million induced abortions that take place in Africa while over one million sexually transmitted infections (STIs) are acquired every day. Almost one in three women, across their lifetime have been subjected to physical or sexual violence by an intimate partner, or sexual violence by a non-partner and almost half of all abortions are unsafe.
Professor Sidibe said, “in a rapidly evolving global landscape, businesses are increasingly challenged to find meaningful ways to align profit with purpose. Investing in African girls offers a unique opportunity to bridge this gap. By empowering young women through education, skills development, and access to critical resources, we lay the foundation for vibrant markets, resilient communities, and innovative ecosystems.”
The organisers of the two events held at the Goals House and SDG (Sustainable Development Goals) tent called for a world in which private sector investment in evidence-based, impact-first initiatives in service of African girls and young women is the norm and not the exception.
The World Economic Forum in Davos brings together government, business, and civil society to address key global and regional challenges such as responding to geopolitical shocks, the climate crisis and stimulating growth to improve living standards.
Speakers at the first event held at the Goals House included moderation by Professor Myriam Sidibe, Founder and Chief Mission Officer, Brands on a Mission with speakers including Paul Polman, Business Leader, climate and equalities campaigner; The Honourable Dr. Jumoke Oduwole, Minister of Trade, Investment, and Industry of Nigeria; Nicola Galombik, Executive Director of Yellowwoods; Payal Dalal, Executive VP of Global Programs at the Mastercard Center for Inclusive Growth; and Sophie Hodder, Director and Pillar Lead, Girl Capital Africa at the Children’s Investment Fund Foundation (CIFF).
The second event at the SDG tent included moderation by Professor Myriam Sidibe, Founder and Chief Mission Officer, Brands on a Mission and speakers including Sophie Hodder, Pillar Lead and Director, Girl Capital Africa – Children’s Investment Fund Foundation (CIFF), Ndidi Okonkwo Nwuneli, President/CEO – One Campaign, Hermann Betten, Chief Corporate Affairs & Communications Officer, Flora Food Group and Benoit Renard, Co-founder & CEO – Tiko.
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