The Group Chief Executive Officer (GCEO), of the Nigerian National Petroleum Company Limited (NNPC Ltd), Engr. Bayo Ojulari, has stated that crude theft in Nigeria has been nearly eliminated after coordinated efforts by the nation’s defence and intelligence agencies.
Engr. Ojulari spoke on Monday while delivering a goodwill message at the Opening Ceremony of the 2025 African Chiefs of Defence Staff Summit held in Abuja.
Reuters reports that three years ago, as little as 30% of oil sent through some pipelines made it to Nigeria’s export terminals, costing the government billions in lost revenue and leading investment to be deferred.
“Today, I can proudly report that our pipeline and terminal receipts are attaining close to 100%,” Ojulari told a regional security forum in Abuja.
He said security had been improved, particularly within the Niger Delta, where most of the country’s oil infrastructure is located.
The country’s defence and intelligence agencies were involved, as Ojulari said illicit trade was not merely a local problem but involved “sophisticated international syndicates” exploiting weaknesses in national and regional security frameworks.
As the improved security bolsters Nigeria’s overall oil output and the country seeks to accelerate approval for new projects, the national oil regulator projected at an oil conference last week that Nigeria’s output could surpass 2.5 million barrels per day next year.
Nigeria’s oil production was last close to 2.5 million barrels per day in 2005 before militancy in the Niger Delta reduced output to 1 million bpd by 2016.
In 2021, Nigeria began hiring private security firms to complement the national security organisations in managing pipeline security.
