NEITI convenes policy dialogue on oil theft

All is now set for a high level policy dialogue on combating crude oil theft and petroleum products losses in Nigeria.
The dialogue, holding Tuesday at Transcorp Hilton, Abuja is being convened by the Nigeria Extractive Industries Transparency Initiative (NEITI) to discuss the cost and consequences of oil theft to nation’s economy.

The decision to convene the dialogue followed NEITI’s recent researched publication which disclosed that Nigeria lost $41.9 billion between 2009 and 2018 to crude oil theft and product losses.
Edo State governor, Godwin Obaseki, who also chairs the National Economic Council’s Committee on Crude Oil Theft, Prevention and Control, will deliver keynote address at the event.

The Minister of State for Petroleum Resources, Timpre Sylva, the Group Managing Director, Nigerian National Petroleum Resources (NNPC), Mele Kyari and the Executive Secretary of NEITI, Waziri Adio are among top dignitaries also lined up to speak at the event.
The dialogue is designed to feature panel discussions by experts on the subject matter who have been carefully selected across the value chain in the Nigeria’s oil and gas industry.

The event will also attract senior officials from key security agencies; oil industry regulator, oil companies; industry unions; and chairmen of national assembly’s relevant committees.

Other participants expected at the event are representatives of relevant government agencies; civil society organizations, media, academia, and development partners.
The outcome of the dialogue is expected to contribute to ongoing efforts by government to sustainably address scourge of crude oil and petroleum products theft in Nigeria.

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