 |
| Accountant General Otunla |
… FG blames oil theft, production outages
Nigeria’s government revenues slumped by 42 percent in July due to
oil theft and production outages, the Accountant General of the Federation said on Friday,
underscoring how oil theft is damaging public finances this year.
State revenues fell to 498 billion naira ($3 billion), the lowest
monthly earnings this year and down from 863 billion naira in June,
Reuters reports.
Oil theft has cut government earnings in several months this year,
and by more than last year, and July was particularly badly hit.
Military in the restless Niger Delta said they are renewing efforts
to catch oil thieves, while the Minister of Petroleum, Diezani
Alison-Madueke, disclosed that she is reaching out to foreign
governments to help stop the buying of Nigeria’s stolen oil.
“This was due to continuous theft of crude oil, leakages, pipeline
breaks at various terminals, compressor failure and repair work,”
Accountant General Jonah Otunla told reporters.
No comments:
Post a Comment