Oil theft has been a monster the Nigerian government has had to confront for a long time.

You see, before now, Nigeria had no idea how much crude it produced, and each time crude leaves Nigeria by a ship, there is no way of knowing whether the vessel gets to its destination.

And each time Nigeria imports refined petrol, it still faces the same challenge of determining how each vessel is discharged.

But all that is about to change as every barrel of crude oil produced and exported out of Nigeria is now being tracked by the Federal Government in collaboration with the Economic and Financial Crimes Commission.

Also Read: Why Nigeria Should Not Be Too Excited About Rising Oil Prices

Minister of State for Petroleum Resources, Ibe Kachikwu, said this on Tuesday while speaking at the ongoing Nigeria International Petroleum Summit in Abuja.

The minister said: “Now let’s take the tracking of Nigeria crude. Today, for the first time, whatever you are producing in this country, as per when it is being produced – barrel for barrel, we can tell. We can also tell where it is going to for the purpose of discharge.

“So, one of the things that they (Department of Petroleum Resources) have been able to set up, which they are finalising now, is a forensic analysis that shows you things. We can see every vessel for the first time that comes into Nigeria. We can see their activities.”

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