Nigeria Loses 7 Billion Dollars To Oil Bunkering Yearly

Chris

It cited findings that “oil bunkering, or theft, costs the government an estimated $7 billion in lost revenue per year.” By comparison, Nigeria’s annual total budget is around $31 billion.
Theft and sabotage often leads to pipeline damage, causing oil firms to cut output. Shell has been Nigeria’s biggest producer, with major firms such as Exxon, Chevron and Total also present.

Mr A

It's not a new thing, but no doubt it's a massive dent on our image

Chris

It's a shame

Mr Paul

Though a shame; but these people are being oppressed by the government.

Nigeria Loses 7 Billion Dollars To Oil Bunkering Yearly

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