Oil Theft Decline and Tantita’s Push to Sustain Security of Nigeria’s Crude
President Bola Ahmed Tinubu’s Independence Day address offered a snapshot of an economy emerging from years of pressure, with oil theft declining, oil production improving, inflation easing from its peak
President Bola Ahmed Tinubu's Independence Day address highlighted a recovering Nigerian economy, with oil theft declining and oil production improving during his administration. The Federal Government has enlisted Tantita Security Services Nigeria Ltd (TSSNL) to protect oil infrastructure and maintain production in the Niger Delta.
Tantita Security Services Nigeria Ltd (TSSNL) has emerged as a key player in securing Nigeria's critical oil assets, employing over 136,000 people directly and indirectly impacting more than 300,000 people. The company's operations focus on safeguarding oil pipelines, trace illegal connections, and reporting suspicious activities to security agencies.
Under President Tinubu's leadership, Nigeria's macroeconomic stability has improved, with inflation falling from its peak and the country's foreign reserves rebuilding.
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