Over 80% of crude oil stolen: Obasanjo reveals one of the reasons Nigeria’s economy is in crisis

• Former President Olusegun Obasanjo has explained how stolen crude oil contributes to the ongoing economic hardship
• Obasanjo said over 80 per cent of the nation’s crude oil was stolen and Nigeria cannot account for them
• The 86-year-old elder stateman said crude oil theft is one of the reasons the nation’s economy would be in crisis

FCT, Abuja – Former President Olusegun Obasanjo revealed one of the reasons why Nigeria’s economy is in ruins.

Obasanjo said Nigeria cannot account for its oil production because over 80 per cent of the nation’s crude oil was stolen, Vanguard reported.

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