Business

How the FG can tackle crude oil theft – NEITI 

The Nigerian Extractives Industries Transparency Initiative (NEITI) has provided some recommendations on how the Federal Government can tackle crude oil theft decisively.


These suggestions were stated in its 2021 Oil and Gas Report published earlier this month.  


According to NEITI, persistent losses of crude oil within the industry due to theft, sabotage, and metering errors persist as a significant contributor to revenue decline for the Federation.