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Nigeria Oil Theft Near-Eliminated

Tinubu Era Sees Nigeria Oil Losses Plunge From 97% to 2%, Elumelu Says

Unverified — auto-generated summary, not yet reviewedPolicy & RegulationNigeriaAug 24, 2026

Businessman Tony Elumelu has stated that oil losses in Nigeria have fallen from 97 percent to approximately 2 percent since President Tinubu took office, signalling a sharp improvement in upstream security and production reliability. The claim, if accurate, represents a material shift in the operating environment for Africa's largest oil producer.

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