28/09/2025
Komolafe: How Nigeria Reduced Crude Oil Losses from $7m Daily to $700,000
Nigeria | 6 hours ago Emmanuel Addeh in Abuja The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday reiterated its commitment to ending the decades-long crude oil losses in Nigeria, explaining that between 2021 and 2025 crude losses fell from $7 million per day to an average of $700,000 daily. Speaking on ARISE NEWS Channel, the NUPRC#8217;s Chief Executive Officer, Gbenga Komolafe, recalled the several initiatives taken by the current administration to reduce oil theft, vandalism as well as metering losses. According to him, these initiatives have proved to be game-changers. Komolafe disputed the methodology used in a recent report, claiming that crude oil amounting to...
