 The House of Representatives has raised concerns over the rate of crude oil theft in the country as it calls for the size of actions to tackle the menace before the country is drawn into deeper fiscal crisis. While the Clarenda hearing opened, the Speaker, Tajiddin Abbas, who was represented by Honourable Adod Dogua, assured that the federal government is ready to address the situation for the growth of the oil sector. Crude oil theft has drastically hampered the growth of Nigeria's oil production. It is reported that Nigeria loses between 5% to 30% of its crude oil production on a daily basis, unfortunately. Data available through the really growth of Nigeria's executive industry transparency initiative in Haiti showed that Nigeria's oil production declined from 2.51 million barrels per day in 2005 to 1.77 million barrels per day in 2020. Nigeria reports also show that 619 million barrels of crude valued at over 46 billion US dollars were stolen in the period of 2009 to 2020 as the case may be. Nigeria has continued to make its daily production quota, as said by the Organization of the Petroleum Exporting Countries, or PEC. The Chairman of the Committee, Kabir al-Hasan Ruram, also showed that investigative hearing will address the decadence in the oil and gas sector. The Chairman then summoned the service chiefs to appear before the Committee to avail useful information that will assist it in their findings. Data available through the yearly report of the Nigerian Extractive Industries Transparency Initiative in Haiti showed that Nigeria's oil production declined from 2.51 million barrels per day in 2005 to 1.77 million barrels per day in 2020. The value of this occasion by all terms and its associated impact on the economy is completely unacceptable and cannot be tolerated by any government who sincerely love its citizens. They are minor the acts, these acts of sabotage and the breach of our national security and sovereignty is carried out on daily basis, make caricature of our pride as a nation and even a mockery of our security and intelligence agencies. It is an uproar on government and its institution, which must be taken with the help of the delay. It is in the light of this that the House constituted this Committee and it is the timing to bring this ugly trend to an end, otherwise there may be no future for our remaining children who have not yet jumped to other countries in search of survival. Hello, hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.