About 43,000 barrels of oil were lost in 881 cases of oil spillage in Nigeria from 2019 to May 1 this year, data from NOSDRA shows.
Between January 2019 and April 2021, 12 states in Nigeria recorded 881 cases of oil spillage, according to data obtained from NOSDRA, a government-run satellite tracker.
About 77 per cent of the spills occurred in only three oil-producing states: Bayelsa, Delta and Rivers. The three are among Nigeria’s highest oil producers for that period. However, Nigeria’s second-highest oil producing state during the period, Akwa Ibom, only witnessed 26 oil spills within that period.
The states with the highest FAAC earning from the 13 per cent oil derivative (and technically highest oil production) from 2018 to 2020 were Delta, Akwa Ibom, Rivers and Bayelsa states respectively.
The total spillage reported within this period amounted to about 43,000 barrels of oil, worth over $3 million (at $70 based on the May 5 crude price in the international market), which is equivalent to N1.23 billion (at N410 to a dollar).