The Senate President, Ahmad Lawan has revealed that Nigeria loses between 700,000 and 900,000 oil barrels per day, which has translated to 35% loss in oil revenue.
Lawan who made the revelation during the 2023 budget presentation on Friday October 7 said oil thieves remain Nigeria’s biggest enemies.
He thanked the president for timely presentation of the budget, adding that it would give the National Assembly enough time to consider and pass it.
Lawan said;
“The oil theft in the country has taken a monumental dimension. Nigeria now loses between 700,000 and 900,000 barrels per day, which has translated to 35% loss in oil revenue.
“The oil thieves are worst enemies of the country and have declared war against the country.
” So, drastic action must be taken to tame the activities of the thieves.”
He concluded by saying that the 2023 budget should target the completion of the ongoing project, especially the legacy project.
