President Goodluck Jonathan who is in the Netherlands for the 2014 Global Nuclear Summit declared yesterday thet the federal government has earmarked the sum of $1billion for the implementation of a programme geared at fighting oil theft in Nigeria.
The President said"Oil theft is an aspect of global terrorism, which has become a big industry on its own. It has become a major threat to the Nigerian economy and we need to work with all stakeholders to curb it. The thieves must be traced, apprehended and prosecuted".
He also solicited for the coperation of other countries especially the Netherlands in the government's battle against oil theft.
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