NNPC: 2016 Budget Plans Now Grossly Impacted by Renewed Militancy


Chineme Okafor in Abuja

The Nigerian National Petroleum Corporation (NNPC) has said that Nigeria’s plans as contained in its 2016 budget are now being grossly impacted by renewed militancy in the Niger Delta.

It also said pipeline vandalism in the region has led to the curtailment of about 700,000 barrels of crude oil per day.

NNPC’s Group Managing Director, Dr. Maikanti Baru disclosed this to the Chief of Defence Staff (CDS), Major-General Abayomi Gabriel Olonishakin on Thursday when he paid him a courtesy visit in Abuja.

Baru’s remarks during the meeting were made available to THISDAY by the corporation.

He told the CDS that the country’s power sector was also impacted by the development, and that from January to May this year, an equivalent of 1447 vandalism incidents have been recorded in the country resulting to a loss of an equivalent of 109 million litres of petroleum products and an equivalent of 560,000 barrels of crude oil to the nation’s refineries in Warri; Port Harcourt; and Kaduna.

“CDS sir, as you may be aware, Nigeria’s energy supply security is underpinned by a robust network of over 8000kms of pipeline assets used in the transportation of crude oil, petroleum products and natural gas.”