Search

Nigeria Lacks Funds to Repair Aging Oil Pipelines, Says Minister

Allen dreyfus Logo
© Allen Dreyfus
  • Nigeria’s dilapidated oil pipelines are corroded and vulnerable to theft, but the NNPC lacks funds for repairs
  • Minister suggests a public-private partnership to address the issue

Lagos, Nigeria – Nigeria’s aging oil pipelines are in desperate need of repair, but the Nigerian National Petroleum Company Limited (NNPC) is strapped for cash, making it difficult to undertake the extensive work required, according to Minister of State for Petroleum Resources, Heineken Lokpobiri. The minister stressed that while boosting oil production is critical, the effort hinges on overhauling the country’s crumbling pipeline infrastructure, which has long outlived its lifespan.

You need an active subscription to continue reading this article.

Recent Business

© Unsplash
Is the U.S. betting on remittances to replace aid in Africa?
Read More »
Nigeria: environmental pollution by burning off gas from the oil production in the Niger delta Ogoniland
West Africa moves to set own fuel prices
Read More »
Namibia Photo by Justice Hubane © Unsplash
Namibia eyes $250 million green investment push
Read More »

Recent Politics

Alamy Live News
Kenya’s opposition ODM fractures over Raila-Ruto alliance
Read More »
ZUMA Press Wire) EDITORIAL USAGE ONLY! Not f
Ghana’s opposition petitions president over electoral chaos, illegal mining
Read More »
emmanuel-ikwuegbu-T4q6ZPpYjog-unsplash
Tinubu seeks to win back north at Buhari’s funeral
Read More »

Latest Posts

Latest news insights