File Photo: Naval officers inspect an illegally-dug oil well at ilashe in Lagos, Nigeria, January 23, 2020. (REUTERS/Temilade Adelaja)
ABUJA: Nigeria's President Muhammadu Buhari is worried about large scale crude oil theft which is affecting the country's revenue "enormously", he told a group of civil servants during a meeting in Abuja on Friday.
Buhari said Nigeria was unable to meet some of its financial obligations to its citizens due to oil theft, he told government workers requesting a pay increase as a result of double-digit inflation.
Nigeria's President Muhammadu Buhari. (REUTERS/Johanna Geron/File Photo)
"On your request for salary review, I wish to urge you to appreciate the revenue constraints being presently faced by government which is caused mainly by the activities of unscrupulous citizens through the theft of our crude oil, a major contributor to our revenue base," Buhari said.
Nigeria lost $1 billion in revenue during the first quarter of this year due to crude theft, the oil regulator has said.
Crude theft in Nigeria poses an existential threat to the country's oil industry, the local head of Shell has said, resulting in the shutdown of two of its major pipelines.
