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TRANS-NIGER PIPELINE
The Federal Government of Nigeria has partnered with Afreximbank to secure a $200 million financing facility aimed at supporting businesses and entrepreneurs in the creative sector.
The Minister of state for Petroleum Resources, Sen. Heineken Lokpobiri has attributed the low crude oil production in the first quarter of the year to issues with the Trans-Niger pipeline and maintenance activities by some oil companies.
The Trans-Niger pipeline was inactive as of April 2022 due to oil theft. According to NOSDRA, the pipeline discharged crude oil into the environment and spread to farmlands.
An oil pipeline which is capable of moving 180,000 barrels of crude every day across Nigeria, has stopped transporting the product since the middle of June as a result of theft.