Saturday, July 5, 2025
23.3 C
Lagos

FG: 7.68m Barrels of Oil Stolen/Lost in 2023

The Federal Government says that 7.68 million crude oil barrels were either stolen or lost in 2023, urging Civil Society Organisations (CSOs) to focus on significant findings for environmental protections.

Dr. Orji Ogbonnaya Orji, Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), said this at a CSOs Roundtable in Abuja on Thursday.

The programme was organised by the NEITI in partnership with Rule of Law and Anti-Corruption (RoLAC).

According to a report by Senior Analysts Team, Orji said there was a 79 per cent drop in the crude oil theft in 2023 compared to 2022.

According to him, I urge this roundtable to focus on the significant findings in the recently released NEITI 2022/2023 Oil and Gas Industry Reports, where several critical issues call for civil society engagement.

“CSOs should monitor the government’s strategies to combat oil theft and advocate for more robust environmental protections.

” The civil societies have a crucial role in creating forums that include government, private sectors and community groups.

” This is to ensure that the concerns of impacted communities, particularly regarding environmental and social issues are considered in national resource management policies,” he said.

Orji said that CSOs must push for improved revenue collection mechanisms to ensure full value of Nigeria’s oil resources benefits the nation.

He also urged the CSOs to use the report’s environmental data to advocate stronger protections and corporate accountability, particularly in Niger Delta.

He said the CSOs have a crucial role in ensuring that Nigeria’s wealth from natural resources were managed to benefit all citizens, not just a select few.

He said that the CSOs could identify gaps in governance, revenue management and environmental protection in analysing advocacy for policy reform.

“Their issue-based advocacy helps push for legislative reforms that address these challenges.

“A key priority is to ensure that NEITI’s reports, particularly the 2022/2023 Oil and Gas Industry Reports, are used constructively to promote public debate and policy reform.

“While NEITI publishes the reports, it is the duty of civil society to ensure that the data leads to action,” he said.

The executive secretary said that the roundtable was put together to ensure that transparency and accountability lead to tangible policy changes and public welfare improvements.

He said that the NEITI would soon complete its data centre, which would serve as a one-stop shop for extractive sector information, housing all industry reports from 1999-2004 onwards.

“This centre will facilitate public access to data and analysis, enhancing NEITI’s compliance with the EITI Open Data Protocol,” he said.

Orji called on the CSOs to collaborate actively with both urban and rural people to help them share resources and strategies to ensure the voices of all Nigerians were heard.

“The future of Nigeria’s extractive industries depends on the active engagement of civil society.

“With the 2022/2023 NEITI reports providing a roadmap, we stand at a critical juncture.

“Let us seize this opportunity to empower CSOs urban and rural alike to drive the change we seek.”

Dr. Erisa Sarki, CSO Representative on the NEITI Board, said that the forum was designed to encourage open dialogue, innovative thinking and actionable steps.

Sarki said that the actionable steps aligned with NEITI’s vision of a Nigeria where extractive resources would benefit all citizens.

 

 

 

spot_img
spot_img
spot_img

Hot this week

MTN, 9mobile Ink National Infrastructure Partnership Deal

L-R: Abolaji Idowu, Chief Financial Officer, 9mobile; Omotola Ojutayo,...

Stanbic IBTC Holding’s N148bn Rights Issue Oversubscribed by 21.9%, Injects N140bn into Stanbic IBTC Bank

Acting Group CE Statement Commenting on the just concluded rights...

NAICOM Hands over New Licences to SanlamAllianz Life, General Insurance

The National Insurance Commission (NAICOM) today handed over new...

Access Bank Highlights Leadership at Climate Governance Initiative Launch

Access Bank Plc has once again demonstrated its leadership...

Fidelity Bank Extends Relief Efforts to Eti-Osa Community with Food Bank Initiative

Henry Asiegbu, Divisional Head, Operations, Fidelity Bank Plc (Left);...

Topics

NCDMB, BOI Sign Amendment of MoU on $50m NOGaPS Manufacturing Fund

The Nigerian Content Development and Monitoring Board (NCDMB) and the...

NIA Chairman, Efekoha, Lists Path to Insurance Sector Growth

Mr. Eddie Efekoha, Chairman, Nigerian Insurers Association says...

Unbanked Africans to Reap from Paxful, Bitmart Partnership

Paxful, a peer-to-peer Bitcoin marketplace has announced integration onto...

Leadway Assurance: AI, Data, Research to Drive Market Operations in 2023

  Tunde Hassan-Odukale Managing Director/CEO Leadway Assurance Company Limited With the Nigerian and...

NNPC Announces 1.8mbpd Production, Eyes 2mbpd by Year End

Minister of State for Petroleum Resources (Oil), Senator Heineken...

Domestic Equities Market Continues Losing Streak… ASI Down 1.0%

Yesterday, the domestic equities market extended its losses to...

Nigeria Releases N14bn for Payment of Accrued Pension to 2022 Retirees

Aisha Dahir-Umar Director-General National Pension Commission (PenCom) The Nigerian Government has...

African Dev Bank Projects GDP of 4% for Africa in 2019

"The future of our continent is looking very promising...
spot_img

Related Articles

Popular Categories

spot_imgspot_img