{"id":15672,"date":"2019-09-19T17:09:08","date_gmt":"2019-09-19T17:09:08","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=15672"},"modified":"2019-09-19T17:09:08","modified_gmt":"2019-09-19T17:09:08","slug":"nigeria-loses-1-35b-n481b-to-oil-theft-nec","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigeria-loses-1-35b-n481b-to-oil-theft-nec","title":{"rendered":"Nigeria loses $1.35b (N481b) to oil theft \u2014 NEC"},"content":{"rendered":"<p>The National Economic Council, NEC, on Thursday said that Nigeria has lost 22.6 million barrels of oil to the activities of petroleum pipeline vandalism and stealing of crude oil in the first six months of this year.<\/p>\n<p>This is as NEC has said that the National Livestock Transformation Plan, NLTP is different from Ruga and that the sum of N100 billion has been approved and that the program is voluntary for states.<\/p>\n<p>Briefing State House Correspondents after the end of NEC, meeting presided over by Vice President Yemi Osinbajo at the Council Chamber, Presidential Villa, <a href=\"https:\/\/en.wikipedia.org\/wiki\/Abuja\">Abuja<\/a>, Governor <a href=\"https:\/\/en.wikipedia.org\/wiki\/Godwin_Obaseki\">Godwin Obaseki<\/a> of Edo State said If the loss was not checked Nigeria will lose $2.7 billion by the end of the year.<\/p>\n<p>He said that the sub-committee of NEC which he chaired has recommended to the Council the need to restructure the maintenance and ownership of pipelines in the country.<br \/>\nThe recommendations included prosecution of criminals and the creation of a special court to handle the cases.<\/p>\n<p>He said the committee also recommended that NNPC should endeavour to engage the National Intelligence Agency to track countries benefiting from the stolen crude oil.<br \/>\nAccording to him, the Council resolved that the recommendations should be forwarded to President Muhammadu Buhari, who is the Minister of Petroleum.<br \/>\nAlso, briefing, Governor Dave Umahi of Ebonyi said that his committee, NLTP submitted report to the Council and proposed N100 billion budget for states that are willing to engage in livestock.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Economic Council, NEC, on Thursday said that Nigeria has lost 22.6 million barrels of oil to the activities of petroleum pipeline vandalism and stealing of crude oil in the first six months of this year. This is as NEC has said that the National Livestock Transformation Plan, NLTP is different from Ruga and [&hellip;]<\/p>\n","protected":false},"author":62,"featured_media":13731,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[667,434,697,856],"class_list":["post-15672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-nec","tag-nnpc","tag-obaseki","tag-oil-theft"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria loses $1.35b (N481b) to oil theft \u2014 NEC - Nigeria<\/title>\n<meta name=\"description\" content=\"NEC on Thursday said that Nigeria has lost 22.6 million barrels of oil to the activities of petroleum pipeline vandalism and stealing of crude oil\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigeria-loses-1-35b-n481b-to-oil-theft-nec\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria loses $1.35b (N481b) to oil theft \u2014 NEC\" \/>\n<meta property=\"og:description\" content=\"NEC on Thursday said that Nigeria has lost 22.6 million barrels of oil to the activities of petroleum pipeline vandalism and stealing of crude oil\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigeria-loses-1-35b-n481b-to-oil-theft-nec\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-19T17:09:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/2019\/08\/Obaseki.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"727\" \/>\n\t<meta property=\"og:image:height\" content=\"465\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"alico\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"alico\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigeria-loses-1-35b-n481b-to-oil-theft-nec#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigeria-loses-1-35b-n481b-to-oil-theft-nec\"},\"author\":{\"name\":\"alico\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\"},\"headline\":\"Nigeria loses $1.35b (N481b) to oil theft \u2014 NEC\",\"datePublished\":\"2019-09-19T17:09:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigeria-loses-1-35b-n481b-to-oil-theft-nec\"},\"wordCount\":250,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigeria-loses-1-35b-n481b-to-oil-theft-nec#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/2019\/08\/Obaseki.jpg\",\"keywords\":[\"NEC\",\"NNPC\",\"Obaseki\",\"Oil theft\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigeria-loses-1-35b-n481b-to-oil-theft-nec#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigeria-loses-1-35b-n481b-to-oil-theft-nec\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigeria-loses-1-35b-n481b-to-oil-theft-nec\",\"name\":\"Nigeria loses $1.35b (N481b) to oil theft \u2014 NEC - 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