Kuku– Oil activities cause N160trn devastation in N’Delta

The Federal Government, yesterday, said it will cost about N160 trillion ($1 trillion) to restore the environment in the Niger Delta, following the devastation brought upon the region by crude theft, illegal bunkering and oil exploration activities.

Speaking at a conference on Oil Theft and Illegal Bunkering in the Niger Delta, in Lagos, Special Adviser to the President on Niger Delta, Mr. Kingsley Kuku, said oil theft had attained a worrisome dimension and had become a problem of urgent and strategic national importance. while several estimates have been made regarding the cost to the national economy in lost revenue and pipeline repair, no one had calculated the cost to the environment and the livelihood of the people of the Niger Delta.