Why Nigeria’s Avengers Are Crippling The Oil Sector

The vast wetlands of the Niger Delta region are home to Nigeria’s vast oil resources, but are once again at the centre of a security crisis.

The militants or the “boys” are back in the creeks, destroying pipelines, attacking oil installations, and kidnapping workers.

The violence has slashed Nigeria’s oil production by a third.

As we snake our way through the mangrove swamps in a speedboat we are entering a world where outsiders are no longer welcome.

With pipelines and a huge oil export terminal on the horizon, every so often we flash by a fishing community with its wooden huts clustered close to rickety, wooden pier.

The chaos here is dealing a serious blow to the Nigerian government who are dependent upon oil sales for most of its revenues. It has also helped push up the global oil price to almost $50 (£38) a barrel.

The renewed militancy was triggered late last year by the cash-strapped government’s decision to cancel lucrative security contracts and reduce the budget to pay former militants by 70% .

The payments were part of an amnesty programme agreed upon in 2009 that largely ended the previous bout of militancy, which had crippled the oil industry a decade ago.

As part of the agreement, tens of thousands of militants gave up their arms in return for a monthly stipend worth around $400 at the time and the opportunity to retrain as divers, welders and boat builders at colleges overseas.
Critics regarded the deal as little more than a “bribe for peace”.

Now with the payments drying up, many fighters with a grievance and a gun feel they have little to lose.

By Martin Patience — BBC News

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