Ned Nwoko, the Chairman of the Senate Ad hoc Committee on Crude Oil Theft, spoke on what Nigeria must do to curb oil theft in the country.
Nwoko in an interview with the News Agency of Nigeria on Monday, said that crude oil theft in the Niger Delta region had long plagued the nation, resulting in severe economic losses, environmental degradation, and national insecurity.
He said as a country heavily reliant on oil revenues to fund its budget and development, it was imperative that her national assets were treated with the seriousness they deserve, adding that it was time to reclaim control of her oil assets.
He therefore advocated for the deployment of AI-Powered Surveillance ranging from drones to predictive analytics to monitor the nation’s pipelines and facilities.
He also advocated for the strengthening of the country’s regional security, noting that oil theft thrives in insecurity.
"Parallel investment in regional peace and stability is crucial.
“The host communities must be incorporated into the system, thereby making them have a sense of belonging in the oil and gas sector by engaging them into meaningful infrastructural development.
“We must actively engage global and local tech companies with proven capacity to deliver real-time monitoring and risk detection.
‘’Institutional commitment is also needed to curb crude oil theft; NNPCL and other stakeholders must be held accountable.
“Monitoring should not just be technological, it must include institutional transparency.
‘’Adopting Saudi Arabia’s corporate social responsibility method in collaborating with the oil and gas host communities will also go a long way in tackling crude oil theft.
“If Nigeria adopts these strategies and embracs AI-driven innovation, we can reclaim control of our oil assets, meet our OPEC quota, and catalyse real economic development,” the lawmaker said.
According to the chairman, senate ad-hoc committee on crude oil theft, we can no longer pretend we don’t know the cause or the cure of our problems.
Nwoko said,”It’s time to stop looking away. We must be intentional, patriotic, and honest. We must emulate nations whose progress is not mythical but practical.
”Let us do what is right for Nigeria, for now and for the future.
‘’The NNPCL and the various international and national oil companies (IOCs and NOCs) operating in the sector must act decisively
‘’Under the supervision of patriotic leadership, they must adopt advanced technological systems to protect our oil infrastructure and deter sabotage.’’
"We cannot continue with half-measures. Every meaningful step that can rescue this country from the stranglehold of economic sabotage must be taken without delay.
‘’To move forward, we must learn from countries that have gotten it right.
“How did developed nations build systems that effectively secure their oil and gas infrastructure?
“What strategies and technologies do they use?,” Nwoko added.
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