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The Nigeria National Petroleum Corporation (NNPC) has said, its organization, between August 2017 and August 2018, Nigeria had spent over 125billion for repairs and maintenance of leaking pipelines conveying crude oil from wells to flow stations in Niger Delta.
In Nigeria, Niger Delta is the arena where more than 90 percent of the country’s crude oil is produced.
Meanwhile, petroleum and associated products are transported through extensive network of pipelines that run across different locations throughout the country from remote to populated areas.
These pipelines are however poorly secured, thereby making them targets of repetitive attacks by Vandals and this has cit the country’s revenue from oil and gas by half.
According to September report from the Nigeria National Petroleum Corporation(NNPC) from August 2017 till December 2017 Nigeria incurred a huge cost of 47billion maintaining and repairing its oil pipelines while within the first quarter (January to March) of 2018 another 25bilion on keeping its old pipelines actives.
In the second quarter (April, May June) of 2018, Nigeria government also spent 35billion on pipelines maintenance cost while in July and August another 5.4bilion and 8billion was spent respectively.
However, despite the huge amount of money spent on pipelines maintenance, NNPC report also revealed the country recorded a total of 1,883pipelines breaks within September 2017 and September 2018.
From September to December 2017 the NNPC reported 508 vandalised points while in the first quarter (January to March) of 2018,Nigeria recorded 588 vandalised points.
In the second quarter of 2018(April,May,June),Nigeria recorded 372 vandalised point which was lower compared to the 415 vandalised point recorded in the third quarters (July, August, September) of 2018.