Nelson Chukwudi

The Tide Online --- The Niger Delta is replete with complaints of poverty, disease, marginalization, underdevelopment, violence and instability. This is a common feature amongst the people of the oil-rich region. Yet, the region is the richest in Nigeria, relishing in stupendous wealth but lacks commensurate development to justify the huge financial inflow into the region. It contributes 95 per cent of Nigeria's export revenues, 76 per cent of government revenues, and about a third of gross domestic product (GDP). The government officially exports about two million barrels of crude oil per day. At a price of between $55 and $65 per barrel...

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Posted by rjorr at March 14, 2006 10:40 AM