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FG Decries Massive Effect of Corrosion on Nigeria’s Economy

Michael Olugbode in Abuja The Federal Government has decried the massive effect of corrosion on the nation’s oil production and economy. Speaking at the 2023 Nigerian Corrosion Association conference (NICA) in Abuja Monday, the Minister of State for Environment, Dr. Iziaq Salako, said according to Nigeria Extractive Industries Transparency Initiative (NEITI) over 270 million barrels of national commercial crude oil production was lost between 2016 and 2020, at an estimated revenue loss of $14.6