Crude Oil Theft May Crash Nigeria’s Economy, Lawan Warns

Crude Oil Theft May Crash Economy, Lawan Warns
Ahmad Lawan

Senate President Ahmad Lawan has expressed concern over the theft of crude oil in the country, stating that unless prompt action is taken, crude oil theft may stagnate the economy and drive it into a coma.

Lawan stated this on Tuesday in a speech to welcome Senators back from the two-month recess.

He said, “The economy of our country is still challenged. The Senate working with the House of Representatives and the Executive needs to continually seek better responses to the economic situation.

Also Read: Uzodimma: Crude Oil Thieves Should Not Be Treated As Sacred Cows

“Revelations about the scale of oil theft show that, until the government takes decisive actions, Nigeria could soon lose any revenue from that sector.

“We must therefore work to ensure that everything is done to curtail this theft”, he said.


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