Friday 28 October 2016

Nigeria to invest billions of dollars to end conflict in oil-rich Niger Delta

The Niger delta region in Nigeria is characterised by violence and conflict. Armed conflict, the perennial destruction of oil rigs and infrastructure and the use of violence by militants has impacted negatively on Nigerian's oil production, therefore, affecting the Nigerian economy.

It is reported that Nigeria will invest $10bn (£8bn) in its oil-rich south to end an insurgency by militants, the oil minister has said.

The money would be used to build infrastructure, including roads and railways, Emmanuel Ibe Kachikwu said.

Militant attacks have severely disrupted oil production, fuelling a recession in the West African state.
The militants have been demanding that the government spend more of its oil wealth on tackling widespread poverty in a region, known as the Niger Delta.


They also accuse multinational firms of polluting the environment, destroying the livelihoods of farming and fishing communities.

Culled from bbc.co.uk. Read more: http://www.bbc.co.uk/news/world-africa-37797905

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