Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Nigeria lost N376bn over 5 years to pipeline vandalism

14 July 2014, 18:30

Uyo – Nigeria lost N376 billion between 2008 and 2013 to pipeline vandalism.

The Managing Director of Pipeline and Product Marketing Company (PPMC),  Haruna Momoh, stated this in Uyo at  a capacity building workshop for energy correspondents.

Momoh said the activities of vandals had made it difficult for PPMC to meet up its obligation in delivering oil and gas products to their various destinations across the country.

"Pipeline vandalism has been a major challenge to downstream sector as it truncates effective product distribution within the network

"The vision that drives PPMC is to provide petroleum products to the domestic market at affordable prices.

“But the activities of these unscrupulous elements have been a hindrance to achieving these objectives", he said.
According to him, the PPMC pipeline network's current assets amount to 5 120 Kilometres.

He added that the company had 21 petroleum products depots, eight liquefied petroleum gas depots, two off-shore product terminals and four jetties across the country.

The PPMC boss called for the speedy passage of the Petroleum Industry Bill in the National Assembly.

Momoh expressed optimism that the Bill would go a long a way in accelerating the development of the downstream sector and also open ways for deregulated market to reduce cost.


For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page.


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...