Economy at risk over illegal oil bunkering -Wike


Rivers State Governor, Nyesom Wike has warned that “Nigeria’s economy will remain vulnerable and weak if illegal bunkering and artisanal refining of crude oil continue unabated.”

Lamenting the seeming frustration in the fight against illegal refining of crude oil, Wike stated that it is caused by security personnel who are deeply involved in the illegal activity or providing cover for the criminals.

He said this at the commissioning and presentation of 14 ballistic gunboats, donated by the Rivers State Government to the Nigerian Navy, Army, Police and Nigeria Security and Civil Defence Corps, at NNS Pathfinder, Naval Base, Rumuolumeni in Obio/Akpor Local Government Area on Friday.

“Most of the problem we have with illegal oil bunkering is that security agencies are fully involved in this illegal oil bunkering. That’s the truth. Civil defence is involved. Army is involved. The police is involved. Navy is involved. Let us tell ourselves the simple truth,” he said.

The Governor explained that the oil and gas sector is the mainstay of the nation’s economy and Nigerians owe it as a duty to ensure that the country’s economy is salvaged.

“All of us we owe it a duty to see how we can salvage this country. 80 per cent of the revenue of this country comes from oil and if we cannot reduce or stop this illegal oil bunkering this country is in for problem. And so, we must all work together to help this country,” he said.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

To Top