Nigeria is losing about 400, 000 barrels of oil to thieves daily, Vice President Yemi Osinbajo said Saturday.
That amounts to about N4.8 billion daily.
Vice-President Osinbajo made the remark at the 10th Anniversary of Crescent University, Abeokuta, where he delivered a lecture titled “Nigerian Economy and the Future”.
He said while Nigeria loses 400,000 barrels of oil daily, a country like Ghana survives on less than 150, 000 barrels per day.
Mr. Osinbajo was speaking about the new government’s plan to revamp the economy and increase power supply.
“The militancy in the south region also has greatly reduced the production of oil he said.
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