How The Niger Delta War Affects Nigeria

• Nigeria earns about 90 per cent of its revenue from oil. Indeed, for Nigeria , it has been a harvest of losses since MEND emerged in January 2006.

 

 • The attacks on gas and oil installations has effectively reduced Nigeria’s oil production to about 1.6 million bpd as at April 2009, though the country has a capacity to produce three million barrels per day.

 

 • Mohammed Barkindo, Group Managing Director of NNPC, recently told the Senate that the country has recorded a shortfall in oil revenue from an average $2.2 billion monthly in 2008, to about $1 billion in January, 2009

 

 • At the G-8 meeting in the Japanese city of Hokkaido last year, Yar’Adua drew attention to the role of bunkering in the continuous sustenance of militants’ activities in the Niger Delta.

 

 • The Corporate Council on Africa based in Washington DC, United States, estimated Nigeria’s yearly loss to bunkering activities at $14 billion a year in 2007. The Presidential Committee report estimated that Nigeria lost $3 billion to oil bunkering in the first seven months of 2008 alone.

 

 • NGC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, said last Monday that it is losing 200 million standard cubic feet of gas daily as a result of the pipeline damage.

 

 • There have been about 106 attacks on oil facilities in Nigeria between 2006 and 19 March, 2008.

 

 • 167 foreigners, mostly oil workers, were kidnapped in 2007, while 70 were kidnapped in 2006.

 

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