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Nigeria loses N8bn to gas pipeline vandalism

10 March 2015, 12:19

Abuja - Nigeria has lost a minimum of N8.04 billion since January, to the incessant vandalism of the country’s gas pipelines, according to the Nigerian Gas Company (NGC), Vanguard reports.

Speaking at a press briefing in Warri, Delta State, the Managing Director, NGC, Dafe Sejebor, disclosed that there has been a rapid increase since the beginning of this year the country of gas pipeline vandalism.

He added that within the last two months, it has recorded three major attacks on its pipeline network, mainly in the Niger Delta region.

Also read: Over 200 cases of pipeline vandalism recorded- Minister

He put the average price of gas at $3 per unit of 1,000 scf, adding that it takes an average of two weeks to repair the damage, and an average of one week to locate the damaged spot and mobilise personnel, equipment and materials to site.

Also, the minimum cost for the repair of a damaged pipeline in the Niger Delta region, according to Sejebor, is about N160 million.

Read more at Vanguard

- News 24


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