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Crude Oil Theft, Illegal Refining in Nigeria: A Matter of Political and Moral Economy (Part I)

Published by The Authority on Fri, 14 Jun 2024


The scale and persistence of crude oil theft in Nigeria represent a monumental problem. Twelve-year data (2009-2021) from NEITI annual audit reports show that the country lost 643 million barrels of crude oil valued at 48 billion dollars (17.1 trillion Naira), primarily due to theft. This is more than half...The post Crude Oil Theft, Illegal Refining in Nigeria: A Matter of Political and Moral Economy (Part I) appeared first on THE AUTHORITY NEWS.
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