Death and inequality as real costs of opacity in Nigeria’s oil industry, By Omirinde Taiwo

In the near future, oil companies would be required to commit to participating in the development of communities in which they operate but to ensure the highest standards of accountability and transparency. It is important that critical stakeholders and host communities be bound together to safeguard what is left in the region.

Nigeria is one of the top oil-producing countries in Africa. In 2014, Nigeria produced more than 1.9 million barrels of oil per day to rank as the 11th-largest oil producer in the world. In recent times, the country has ranked as the fourth-largest oil producer but despite being a resource-rich country, weak institutions, conflict in oil-bearing communities and opacity have frustrated attempts to successfully translate its oil wealth to broad and lasting social development for its citizens, especially those living in the Niger Delta region.

For over two decades, the Niger Delta region, which hosts Nigeria’s oil and gas industry, has suffered…

Leave a Reply

Your email address will not be published.

Los Angeles prosecutors: More evidence needed in Marilyn Manson sexual abuse investigation

Court Orders ASUU to Call Off Seven-Month Strike