See also:
» 07.10.2010 - Nigeria bombs provoke north-south split
» 13.05.2010 - Northern Vice President restores Nigeria balance
» 12.04.2010 - Former military ruler wants Nigeria's top post
» 06.04.2010 - Nigerian militias sentenced in Equatorial Guinea
» 18.03.2010 - Nigeria Senate leader calls Gaddafi "mad man"
» 18.03.2010 - Nigeria's Acting President to nominate new cabinet
» 17.03.2010 - Nigeria Acting President sacks government
» 16.03.2010 - Gaddafi: "Split Nigeria into two nations"

China wholesale online through

Houlihan's coupons

Finn autentiske matoppskrifter fra hele verden på
Gazpacho Børek Kartoffelsalat Taboulé Gulasj Albóndigas Cevapi Rougaille Japrak sarma Zwiebelbrot Klopse Giouvetsi Paella Pljeskavica Pica pau Pulpo a la gallega Flammkuchen Langosj Tapenade Chatsjapuri Pasulj Lassi Kartoffelpuffer Tortilla Raznjici Knödel Lentejas Bœuf bourguignon Korianderchutney Brenneslesuppe Proia Sæbsi kavurma Sardinske calamares

Autentiske matoppskrifter fra hele verden finner du på
Réunion Portugal Aserbajdsjan Serbia Tyskland Seychellene Bosnia Spania Libanon Belgia India Kroatia Hellas Italia Ungarn Komorene Georgia Mauritius Østerrike Romania Frankrike

Politics | Economy - Development | Society

Nigeria plans to offer stake to Delta residents

afrol News, 19 October - The Nigeria federal government is planning to offer a 10 percent stake of gas and oil ventures to communities of the Niger Delta to end the long dragging militancy in the oil rich region.

Local reports said the proposal put forward by the government to legislators, could be a lasting solution to end rebellion in the Delta which has cost the Nigerian government millions and cut the country’s oil output by almost a quarter.

The proposal initiates that the Niger Delta communities would be given a 10 percent stake in the holdings of the national oil company, the Nigerian National Petroleum Corporation (NNPC).

The stake is also expected reduce the level of poverty in the region and end militancy which has and continues to devastate the country’s oil and gas sector.

President Umaru Yar'Adua's special adviser on oil, Emmanuel Egbogah was reported saying the proposed reforms which are expected to be implemented by the end of the year, would also impose tougher terms on oil companies operating in the Niger Delta.

The offer would benefit all citizens of communities in oil-producing areas of the delta who would receive cash benefits, delivered through a trust-style mechanism which they could then pool for social projects.

The initiative is also expected to satisfy long-held demands from the delta's rebels, most importantly the country’s main militant group, the Movement for the Emancipation of the Niger Delta (MEND).

MEND waged armed attacks, kidnappings and hijackings of vessels in the Niger Delta oil installation, demanding a fair share of the oil proceeds for local communities.

Reports have suggested that a number of militant groups in the region claiming to be fighting for a fairer share of the region's oil wealth, for local people, have resorted to abductions and are out to make money through ransom demands.

- Create an e-mail alert for Nigeria news
- Create an e-mail alert for Politics news
- Create an e-mail alert for Economy - Development news
- Create an e-mail alert for Society news

    Printable version

On the Afrol News front page now

Rwanda succeeds including citizens in formal financial sector

afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.

Famine warning: "South Sudan is imploding"

afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
Panic in West Africa after Ebola outbreak in Guinea

afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
Ethiopia tightens its already strict anti-gay laws

afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
Ethiopia plans Africa's biggest dam

afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.

front page | news | countries | archive | currencies | news alerts login | about afrol News | contact | advertise | español 

©  afrol News. Reproducing or buying afrol News' articles.

   You can contact us at