Africa, new militant group, News, nigeria government, Nigeria to Invest $10bn, President Muhammadu Buhari, the Niger Delta Avengers, World -

Nigeria to Invest $10B to Solve Conflict over Oil with Militant Groups

Africa, new militant group, News, nigeria government, Nigeria to Invest $10bn, President Muhammadu Buhari, the Niger Delta Avengers, World -

Nigeria to Invest $10B to Solve Conflict over Oil with Militant Groups

Niger delta militantsImage copyrightAFP Image caption The oil-rich Niger Delta has been badly affected by instability
Niger delta militants (Image copyright/AFP) The oil-rich Niger Delta has been badly affected by instability.

Nigeria will invest $10 billion 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, fueling 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.

Kachikwu said that President Muhammadu Buhari would meet the militants and community leaders next week.

“Our target is to ensure zero militancy in the area,” he said. “This planned meeting shows the level of interest the president has to ensure peace in the area.”

The $10 billion would “not necessarily” come from the federal government, but from “oil companies, investors, individuals,” he is quoted by Reuters news agency as saying.

A new militant group, the Niger Delta Avengers (NDA), emerged after President Buhari, a northerner, took office last year after winning elections. It has carried out a spate of attacks on oil plants and pipelines, causing a sharp fall in oil production and worsening the financial crisis in Africa’s most populous state.

Buhari’s predecessor, Goodluck Jonathan, came from the Niger Delta, and managed to broker a peace deal with militants in the region. The militants accuse Buhari of reneging on the deal, an allegation he denies.

Oil is the Nigerian government’s main source of income.

Read more here.


Leave a comment

Related Posts

Nipsey Hussle To Do A Documentary On Dr. Sebi
Dr. Sebi was a Honduran herbalist and self-proclaimed healer. Dr. Sebi was famed to cure all disease with herbs and a...
Read More
Beyoncé And Jay-Z Headline the 2018 Global Citizen Festival to Honor Nelson Mandela's Legacy
At a respectable hour—2:47 p.m. EST on Sunday, to be exact—Beyoncé and husband Jay-Z’s philanthropy and benevolence ...
Read More
In Mexico’s border city, Haitians hailed as success story
TIJUANA, Mexico (AP) — A few blocks from a shelter housing members of a Central American migrant caravan sits the fir...
Read More
Say No Mo', Where Is Video?: The Assassination of E.J. Bradford
1: to murder (a usually prominent person) by sudden or secret attack often for political reasons; a plot to assassina...
Read More

Tags