• Militant Insurgency And Oil Exploitation In The Niger Delta

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    • Oil exploitation and exploration which has its root in the Niger Delta was celebrated February, 2008 as fifty (50) years of oil exploitation in Nigeria. In spite of wealth generation by oil exploration and exploitation, opinions of observers on the performance of the oil production sector especially its developmental relation with oil host region/communities has not been impressive. Nigeria’s former two times petroleum minister and former president of OPEC, Rilwan Lukman describes oil production in Nigeria as “a blessing and curse. Similarly, Shamudeem Usman, Nigeria’s former minister of finance observed that Nigeria remains poor in spite of being rich with oil. Our objective for this study is very simple. We examined the Militancy Insurgency and Oil exploitation in the Niger delta. Our focus was to harness the available data at our disposal to find out if there is a relationship between both variables. From the study, it can be concluded that there is a positive relationship between Militant Insurgency and Oil exploitation. What this means is that as insurgency increases, oil exploitation in the country decreases.

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    • CHAPTER ONE - [ Total Page(s): 3 ]In 2016, the Nigeria saw a resurgence of militant attacks on oil and gas facilities in the Niger Delta, causing oil production to plummet to near 30-year lows of around 1.6 million barrels per day in August same year. “This round of attacks will be the most deadly and will be targeting the deep sea operations of the multinationals,” as described by the militants. Areas of targets include places in the seas off the swampland delta region, would include the Bonga Platform ... Continue reading---