A sum of N53.36bn was spent on petroleum products pipelines repairs and management costs from January to November 2020, Checkout Magazine learnt.
According to the Nigerian National Petroleum Corporation, a total of 441 points on petroleum products pipelines were vandalised in 2020, compared to 1,484 points in 2019.
These were contained in the latest monthly report published by the NNPC.
It read, “Products theft and vandalism have continued to destroy value and put NNPC at a disadvantaged competitive position.”
The NNPC said in collaboration with the local communities and other stakeholders, it continuously strove to reduce and eventually eliminate this menace.
In December 2020, 43 pipeline points were vandalised representing about 18.60 per cent increase from the 35 points recorded in November 2020.
The NNPC said Mosimi Area accounted for 56 per cent of the vandalised points while Kaduna Area and Port Harcourt accounted for 33 per cent and 12 per cent respectively.
The number of pipeline points vandalised stood at 23 in October, 21 in September, 37 in August, 36 in July, and 33 in June.
The corporation recorded 37 vandalised points in May, 65 in April, 19 in March, 32 in February, and 60 in January.
