Nigeria loses 20.7 billion dollars in Niger Delta unrest

LAGOS - Nigeria lost about 1,000 people and 20.7 billion dollars revenue last year in unrest in the nation’s volatile Niger Delta region, the chairman of the regional technical committee said on Friday.

By (Nigeria loses 20.7 billion dollars in Niger Delta unrest)

Published: Fri 10 Apr 2009, 8:42 PM

Last updated: Thu 2 Apr 2015, 3:32 AM

Ledum Mitee, chairman of the Niger Delta Presidential Technical Committee told AFP that the figures, for the first three quarters of last year, were contained in a report the group submitted to the federal government recently.

“Attacks on oil installations resulted in shutdowns and spillages with consequent losses in revenue estimated at about 20.7 billion dollars (20.5 billion euros),” he said.

“There are unaccounted costs in human misery, with about 1,000 persons killed within the same period of January to September last year, and another 300 taken as hostages,” he said, quoting from the report.

Mitee, lawyer and president of the Movement for the Survival of Ogoni People (MOSOP), is leading the rights group which has been campaigning against the devastation of Ogoni land in southern Niger Delta through oil exploration and exploitation by foreign oil companies.

His predecessor in MOSOP, Ken Saro-Wiwa, a renowned author and environmental campaigner, was executed in November 1995 along with eight of his colleagues after they were controversially convicted of the murder of four prominent Ogoni traditional chiefs.

Mitee said that the report findings showed that the current crisis in Niger Delta could “easily escalate.”

A week ago, Nigeria’s biggest armed group dismissed an amnesty offer from the government as “unrealistic” and charged that the military was being put on the warpath in the oil-rich region.

The Movement for the Emancipation of the Niger Delta (MEND) said it would only agree to a peace process in which the United Nations and “reputable international mediators” play an active role.


More news from Business
Luxury vrooms again


Luxury vrooms again

This year the #NoFilterDXB witnessed a dazzling array of replica vehicles from some of Hollywood’s most classic movies and TV shows.

Business2 days ago