By Chiagoziem Abosi
The Nigerian National Petroleum Company Limited (NNPC) says crude oil theft on pipelines has been “nearly eliminated,” with almost 100% of oil now reaching export terminals.
Speaking in Abuja on Monday, NNPC CEO Bayo Ojulari explained that joint efforts with the military, private security, and other agencies have drastically reduced losses. Just three years ago, only 30% of crude pumped through pipelines was delivered due to theft.
With the improvement, Ojulari projected that Nigeria’s oil production could exceed 2.5 million barrels per day by 2026—levels last recorded in 2005.
Public Reaction
Despite the announcement, many Nigerians remain skeptical.
- Chief Tunde (trader, Ogba):
“Dem say pipeline no dey thief again, but our fuel price never move. Are we still dey pay for that loss?” - Chyne (young Lagos worker):
“I just hope say this one go reflect for pocket, not just for newspaper.”
Still a Challenge
NNPC’s optimism comes despite reports of recurring illegal activities. In July alone, security teams uncovered more than 200 cases of pipeline tampering, illegal refineries, and theft attempts. Some illicit connections have even been traced through mosques, churches, and palaces in the Niger Delta.
Why It Matters
If sustained, the progress could attract more foreign investment, strengthen government revenue, and ease pressure on Nigeria’s economy. But for ordinary Lagosians, the key question remains: Will these gains reduce fuel prices or simply boost government earnings?
Do you believe oil theft has truly stopped—or is this just another promise on paper?
