Attacks by Avengers, others cut Nigeria’s revenue for July by almost half

Despite government efforts, Delta militants are hitting Nigeria’s economy hard.
Bassey Udo
Attacks by vandals, notably Niger Delta Avengers, on crude oil pipelines and other facilities, accounted for nearly 50 per cent loss of revenue to the three tiers of government in July.
The monthly Federation Accounts Allocation Committee (FAAC) meeting, which held Thursday in Abuja, declared the loss of N250.97 billion for the month, against N538.8 billion oil revenue shared in June. The meeting, attended by representatives of the federal and 36 states and Federal Capital Territory, also reported a cut of about 2.8 million barrels in crude oil exports volume for April.
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Source: premiumtimesng.com

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