Nigeria oil crisis

Unfortunately, the Nigerian government works in favor of the oil companies more than it favors its own people. Towards the end of the s, non-British firms were granted license to explore for oil: Although the Nigerian government had maintained involvement in the industry prior tothis was accomplished mainly through business deals on concessions of the foreign firms in operation.

A confidential page security report commissioned by Shell in December warns that mounting attacks by criminals and ethnic militants could force the oil giant to abandon its onshore operations in the delta by Of the approximately 1, people living in the two villages, four people were found dead and sixty-two were still missing months after the attack.

Their capital city of Calabarlocated at the coastal southeast of Nigeria eastern Niger Delta served as the major trading and shipping center during the pre-colonial and colonial period.

On 30 Januarya Dutch court ruled that Shell can be held accountable for the pollution in the Niger Delta. However, Nigeria's Vanguard newspaper reported on Tuesday that the government "had deployed an armada of five warships, gunboats and fighter jets to the creeks of the Niger Delta in repsonse to the continued bombing of oil and gas pipelines by Niger Delta Avengers.

However, a community group, the Ijaw Youth Council, has accused soldiers of firing on a speedboat trying to evacuate civilians wounded in a military siege of Oporoza, a town which can only be reached by water or air.

The outcome of this summit was the Aburi Accordthe differing interpretations of which would soon cause Ojukwu to declare Biafran independence and plunge Nigeria into civil war. Since this 33 pirates have been captured.

These elections were declared universally free and fair at least in comparison to past elections by all major international election monitors, and the eventual winner of the presidential race was the Chief M.

With tensions stoked between the Eastern region and Gowon's federal government, on 4—5 Januaryin compliance with Ojukwu's desire to meet for talks only on neutral soil, a summit attended by Gowon, Ojukwu and other members of the Supreme Military Council was held at Aburi in Ghana, the stated purpose of which was to resolve all outstanding conflicts and establish Nigeria as a confederation of regions.

Armed gangs have carried out numerous attacks on oil facilities and kidnapped more than oil workers and ordinary Nigerians for ransom during this period. When locals kidnap oil workers and turn to violence, the federal government responds in one of three ways: The military regime oversaw the implementation of a number of other important milestones related to oil: The activities of large oil corporations such as Mobil, Chevron, Shell, Elf, Agip etc have raised many concerns and criticisms.

A confidential page security report commissioned by Shell in December warns that mounting attacks by criminals and ethnic militants could force the oil giant to abandon its onshore operations in the delta by Over the past half century, Nigeria has become a plutocracy; political power is concentrated solely in the hands of the socioeconomic elite.

Ken wrote and spoke out about the rampant corruption in the Nigerian government and he condemned Shell and British Petroleum. There are four major oil refineries: Nigeria is mono-economic based, with the mainstay of the national economy derived from crude oil found in the Niger Delta area of the country.

The NDDC was created largely as a response to the demands of the population of the Niger Delta, a populous area inhabited by a diversity of minority ethnic groups.

This, combined with major cuts to important public services, incited public unrest so extreme that Babangida's Armed Forces Ruling Council was obliged to partially reverse the SAP initiatives and return to inflationary economic policies.

Organized protest and activism by affected communities regularly meet with military repression, sometimes ending in the loss of life. Ultimately, in this model, a top-down commitment to corporate responsibility is the solution.

They patrolled waters and hunted for militants, searched all civilian boats for weapons, and raided numerous militant hideouts. Shell Nigeria owns concessions on four companies, they are:. The Niger Delta is the richest area of biodiversity in Nigeria, but regular oil spills that are not cleaned up, blatant dumping of industrial waste and promises of development projects which are not followed through, have all added to the increasing environmental and health problems.

The growing conflict in Nigeria comes during an expansion of exploration and drilling in West Africa’s Gulf of Guinea, estimated to hold up to 10 percent of the world’s oil reserves.

The United States, Europe and Asia increasingly are looking to the region’s oil as a partial alternative to crude from the Middle East. Despite being one of the world's biggest oil producers, Nigeria imports most of its fuel and is currently facing a severe shortage.

Though Nigeria contained the potential to strive and become a wealthy oil nation, leaving the cocoon of poverty encompassing Africa- it became trapped in a lot of corrupt dealings. Today, the Niger Delta in Nigeria has caught the attention of world wide humanitarian and environmental activists.

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The Niger Delta is the richest area of biodiversity in Nigeria, but regular oil spills that are not cleaned up, blatant dumping of industrial waste and promises of development projects which are not followed through, have all added to the increasing environmental and health problems.

Nigeria oil crisis