Pipeline Vandalism Shockwaves: An Emerging Threat to Nigerian Economy

Abstract

Nigerian economy is majorly based on mono-economy. The exploration and production of Oil and Gas in Nigeria has contributed immensely to the economic prowess of the country. This article examined the volatility of pipeline vandalism and its destructive nature to the economy. The article revealed that numerous pipelines were vandalized which led to loss of revenue, resources and environmental degradation. The article further stated that petroleum industry has become a source of economic endowment to the country, however the incessant cases of environmental degradation and pollution has resulted in a series of pipeline vandalism which has become a terrible menace in the country. The article established that if care is not taken the actions of the vandals will wreck Nigeria’s economy. Hence, government should make provisions for technological surveillance which will make pipeline vandalization impossible.