The
Nigerian Navy Tuesday told the Senate Committee on Navy that the nation
currently loses as many as 100, 000 barrels of crude oil at the estimated
cost of N1.18 billion everyday, amounting to N433.62 billion a year.
Making
the disclosure during the organisation’s budget defence, the Chief of Naval
Staff, Rear Admiral Usman Jibrin, who was represented by the Chief
of Logistics, Rear Admiral Peter Agba, said the development was caused by
poor enforcement at the nation’s territorial waters.
Jibrin
said he obtained the information through Chatham House’s recent disclosure.
The
figure however contradicted the recent Ministry of Finance claim that Nigeria
was losing 400, 000 barrels of crude oil per day despite the award of multi -
billion dollar contracts to some private security outfits.
He
lamented that whereas the Nigerian Navy had submitted the sum of N205.4 billion
for its capital projects in 2014, the Ministry of Finance reduced it to paltry
N8 billion, which he said implied 90 percent reduction of its original budget
proposal.
“The
proposed capital projects for 2015 (captured in the initial N205.4 billion)
include the ongoing acquisition of two OPVs, acquisition of patrol crafts and
helicopters, procurement of arms and development of vital support
infrastructure. The equipment are needed to improve naval operations and the
welfare of personnel,” he said.
He
added that despite the substantial reduction in the Navy appropriation in 2014,
the Nigeria Navy didn’t fail in its responsibility as it arrested 84
vessels and 155 suspected oil thieves.
He
also said his personnel destroyed 120 illegal oil refineries, 29
barges, 93 boats and 1, 259 auxiliary equipment and tools used by the oil
thieves.
In
another development, Minister of Education Minister, Malam Ibrahim Shekarau and
Permanent Secretary in the Ministry of Education, Dr. Macjohn Nwaobialu,
contradicted each other during the ministry’s budget defence before the Senate
Committee on Education.
While
the Permanent Secretary blamed non-implementation of the Millenium Development
Goals (MDGs) as well as constituency projects in the ministry in 2014 on
non-release of funds, the minister debunked the claim, saying over N5 billion
was rather released but it only arrived late.
He,
however, did not explain if the money was returned to the Ministry of Finance
or not.
Shekarau
assured that if the financial year in 2015 began in March, the projects would
be duly implemented.
“The
issue of the constituency projects and the MDG projects constitute one of the
top priorities as far the MDG is concerned. And when I came on board when the
year was almost more than half way, I did ask. All I know is that the MDG
office does not release some funds directly to some institutions, not
necessarily through the ministry. I cherish these constituency projects.
“I
want to assure this committee and the entire membership of the Senate that what
we will do to ensure that constituency projects are realised, we shall do. What
I learnt was that it was advertised and went through all the processes. In
fact, right now, the ministerial standard board had met, it was at the stage of
the release of the contracts that we realised that the release of funds for
capital projects was really not forthcoming. And we didn’t want to add to the
liabilities but with the hope that the financial year is likely to move up to
March, but we had to halt it,” he said.
Navy: Nigeria Loses N433.62bn through Oil Theft Yearly as Ministers disagree on budget
Reviewed by Unknown
on
Wednesday, March 04, 2015
Rating:
No comments: