• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Saturday, June 7, 2025
No Result
View All Result
NewsNet Nigeria
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos
NewsNet Nigeria
No Result
View All Result
Home Oil and Gas

Senator Nwoko hints at task of Senate Ad-Hoc Committee on Crude Oil Theft

by NewsNet Nigeria
4 months ago
in Oil and Gas
DELTA NORTH: UTILIZING THE 3% PIA REMITTANCE TO BUILD A BETTER FUTURE

Senator Prince Ned Munir Nwoko

Share on FacebookShare on TwitterShare on LinkedinShare on Whatsapp

By Daniel Dafe

Senator Ned Nwoko, representing the Delta North Senatorial District in the Senate, has said that Nigeria, as Africa’s largest oil producer, loses billions of dollars annually due to oil theft, illegal bunkering, and pipeline vandalism.

He emphasized that these activities weaken the economy, disrupt the energy sector, and limit the country’s ability to fund vital infrastructure, social services, and development programmes.

Senator Nwoko made this statement via a post on X, following his appointment as the Chairman of the Senate Ad-Hoc Committee on Crude Oil Theft.

ALSO READ  Senator Ned Nwoko: A pragmatic thinker and strategic mobilizer

In his post, he highlighted the importance of crude oil to Nigeria’s economy, stating, “Crude oil remains Nigeria’s most valuable natural resource, and protecting it is essential for economic stability, national security, and the well-being of all Nigerians.”

He further added, “Our goal is to end this sabotage, restore investor confidence, and ensure that Nigeria fully benefits from its natural wealth.”

ALSO READ  Nwoko welcomes Oborevwori's defection, says alignment with APC opportunity to reshape political, development landscape of Delta

Describing his new role as a “pressing national assignment” in alignment with President Bola Ahmed Tinubu’s Renewed Hope Agenda, Senator Nwoko stressed that crude oil theft has been a significant threat to Nigeria’s economy for years, draining government revenue, discouraging investment, and undermining national security.

He also noted that under President Tinubu’s leadership, the focus would be on transparency, accountability, and economic growth.

“I look forward to working with my distinguished colleagues, security agencies, and industry stakeholders to address this challenge decisively,” he said.

ALSO READ  Ohanaeze Ndigbo backs Senator Nwoko's re-election, Anioma State creation 

The Senate Ad-Hoc Committee on Crude Oil Theft is tasked with investigating the root causes of these illegal activities, identifying key actors and networks involved, reviewing existing security measures, and recommending stronger enforcement strategies.

The committee will also engage stakeholders, including security agencies, oil companies, host communities, and government bodies, to develop sustainable solutions and strengthen legal frameworks to deter oil theft and ensure perpetrators are held accountable.

Previous Post

Hoodlums masquerading as Ughelli North Council agents frustrating development in Ikweghwu community – Bright Mowarin

Next Post

Urhobo Federated Council backs UROAGAN’s call on President Tinubu to establish mini LNG plants in Urhobo land

MORE NEWS

Pondi unveils Isoko Youth House, restates Tantita’s commitment to peace, development in Niger Delta
Oil and Gas

Pondi unveils Isoko Youth House, restates Tantita’s commitment to peace, development in Niger Delta

May 31, 2025
Udu LGA Coordinator of WIS South Security Ltd applauds efforts of Tinubu, Ogulari, Owo in securing oil facilities in Niger Delta
Oil and Gas

Udu LGA Coordinator of WIS South Security Ltd applauds efforts of Tinubu, Ogulari, Owo in securing oil facilities in Niger Delta

May 27, 2025
Oil Theft: Senator Nwoko leads Senate Cmte on high-level oversight mission to Rivers State
Oil and Gas

Oil Theft: Senator Nwoko leads Senate Cmte on high-level oversight mission to Rivers State

May 24, 2025
Senate Committee declares Nigeria’s crude oil theft crisis national emergency
Oil and Gas

Senate Committee declares Nigeria’s crude oil theft crisis national emergency

May 16, 2025
Next Post
Urhobo Federated Council backs UROAGAN’s call on President Tinubu to establish mini LNG plants in Urhobo land

Urhobo Federated Council backs UROAGAN's call on President Tinubu to establish mini LNG plants in Urhobo land

Leave Comment

RECENT STORIES

Ughelli North APC leaders unite in Evwreni, pass confidence vote in Tinubu, Oborevwori

Ughelli North APC leaders unite in Evwreni, pass confidence vote in Tinubu, Oborevwori

June 7, 2025
Public hearing on Senator Nwoko’s sponsored Bill to upgrade Federal College of Education (Technical), Asaba to Federal University of Technology holds May 28

Anioma State: Senate fixes 4th, 5th July for public hearing

June 7, 2025
Delta’s Dilemma: When Leaders Choose Self Over State 

Delta’s Dilemma: When Leaders Choose Self Over State 

June 6, 2025
Eid-el-Kabir: Senator Nwoko calls for collective efforts in achieving more inclusive, prosperous Nigeria

Eid-el-Kabir: Senator Nwoko calls for collective efforts in achieving more inclusive, prosperous Nigeria

June 6, 2025
Insights on Ned Nwoko’s initiative to upgrade Federal College of Education (Technical) Asaba to Federal University of Technology, Asaba

Insights on Ned Nwoko’s initiative to upgrade Federal College of Education (Technical) Asaba to Federal University of Technology, Asaba

June 5, 2025

TRENDING STORIES

  • Who Owns Warri: When Chief Ukueku Humbled Prof Itse Sagay

    Who Owns Warri: When Chief Ukueku Humbled Prof Itse Sagay

    0 shares
    Share 0 Tweet 0
  • Four kidnappers fall to fire power of police, hunters in Abraka

    0 shares
    Share 0 Tweet 0
  • Pondi unveils Isoko Youth House, restates Tantita’s commitment to peace, development in Niger Delta

    0 shares
    Share 0 Tweet 0
  • Insecurity: Akpowowo appeals to Abraka residents to abort planned protests, says decisive steps being taken to flush out perpetrators

    0 shares
    Share 0 Tweet 0
  • DOPF fumes over use of excessive force on peaceful protesters in Abraka

    0 shares
    Share 0 Tweet 0
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.

No Result
View All Result
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.