AN APPRAISAL OF CRUDE OIL THEFT ABATEMENT EFFORTS AND SUSTAINABILITY CHALLENGES IN NIGERIA

Abstract

The Nigerian economy is sustained largely on the export of crude oil. Nigeria currently produces about 1.3 million barrels per day making it the largest producer in Africa, yet it is unable to meet its economic and infrastructural challenges. Nigeria is still bedeviled by the monster of crude oil theft. Despite the numerous efforts by the Federal Government of Nigeria to combat this menace through the enactment of laws and Policy intervention, crude oil theft has not abated. The aim of this paper therefore is to examine the various challenges confronting the various efforts by the Nigerian Government aimed at combating this negative trend of crude oil theft within the oil industry. The doctrinal approach was adopted.