The Minister of State for Petroleum, Ibe Kachikwu has revealed that  Nigeria is losing at least $80 billion annually  to oil facilities vandalism in... Nigeria Loses $80bn Annually to Vandalism – Kachikwu
Kachikwu

Kachikwu, Minister of State for Petroleum

The Minister of State for Petroleum, Ibe Kachikwu has revealed that  Nigeria is losing at least $80 billion annually  to oil facilities vandalism in the Niger Delta.

Kachikwu stated this  in Yenagoa, Bayelsa, during the resumed dialogue with Niger Delta stakeholders as part of Acting President, Prof. Yemi Osinbajo’s visit to Bayelsa.

He said at least 10,000 sabotage incidents were recorded annually at oilfields across the region urging  people of the area to contribute ideas toward the resolution of crises in the Niger Delta.

According to him,  the challenges of the region could be turned into opportunities when peace was achieved and implored  the Niger Delta people to give peace a chance for the growth of the region.

Kachikwu, Minister of Niger Delta Affairs, Usani Nguru Usani, and Minister of State for Agriculture, Senator Heineken Lokpobiri, accompanied Osinbajo on the trip