Economy & Finance, Government Policies & Politics, Insurance News in Nigeria

INNOVATION: Nigeria and UK To Use Insurance To Combat Oil Theft

Crude Oil Theft

 

 

United Kingdom and Nigeria have come up with a novel idea of combating the intractable problem of in Nigeria- tracking of movements of ships by of London, the global giant.

The Federal Government sought the partnership at a meeting with a delegation from the UK, led by the British High Commissioner to Nigeria, Paul Arkwright, on Tuesday.

The British High Commissioner gave assurances that the issue of oil theft was receiving attention. According to him, “Personally, we are looking forward to cooperating with the Nigerian Government by bringing together of London and the Nigerian Government to see what we can do in that area'”

The Minister of State for Foreign Affairs, Khadija Ibrahim had pointed out that Nigeria’s major areas of interest for partnership were economic development, corruption and security.

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