Business A.M
No Result
View All Result
Thursday, February 19, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Frontpage

Patience wears thin in Nigeria’s oil heartlands putting peace at risk

by Admin
July 9, 2017
in Frontpage

The patience of indigenes of the heartlands of Nigeria’s oil production appears to be running thin, according to a report by the Reuters news agency, and a new threat to peace appears to lurk in the horizon as community leaders describe federal government efforts as full of empty promises and issue fresh threat of a return to violence.

If the threats become real it could derail broader recovery in Africa’s largest economy, which depends largely on crude oil for 95 percent of its foreign exchange that finances its yearly budgets.

Nigeria’s economy is mired in recession and government officials including acting president, Yemi Osinbajo, have led delegations to engage community leaders since February in talks to douse tension in the restive oil-producing states of the country.

Oil exports are now set to exceed 2 million barrels per day (bpd) in August, the highest in 17 months, from as little as just over 1 million bpd at certain points last year. That is due to a steady decline in attacks on pipelines, providing a much-needed injection of cash into Nigerian government coffers.

But ex-militants and local chieftains say that since those “town hall” discussions, little has been done – the government has not followed up on issues raised, is stalling on key demands and has not even appointed a full-time negotiating team.

If the Niger Delta people continue to feel Abuja is ignoring their needs, leaders say they will resort to the only tactic that has ever yielded results: attacks on oil facilities.

“The people of the Niger Delta can hold this government or any government to ransom because we are the people feeding the nation,” said Godspower Gbenekama, a chief in the Kingdom of Gbaramatu.

“This peace is a graveyard peace,” he said. “Nobody can assure anybody that nothing will happen in the Delta.”

A spokesman for the acting president rejected suggestions the government was not doing enough.

“The government has not reneged and will never renege on any agreement,” he said, pointing to more spending on an amnesty program for ex-militants and progress on a clean-up project.

He added it was just a matter of time for other agreements to come to fruition, such as the planned opening of a flagship university in October and of small-scale refineries with community ownership in the fourth quarter.

An inter-ministerial group met regularly with Osinbajo to discuss the Niger Delta and a “technical committee” liaised between the government and affected communities, he also said.

Some locals, however, are in no mood to wait. In a sign of their mounting frustration, groups such as the New Delta Avengers and the Niger Delta Marine Force have formed in recent months.

“Call for resuming attacks when the government is diligent in actualizing the terms of the agreements and requests made will not help matters,” said the acting president’s spokesman.

“All about revenue”

That the Delta needs help is not in dispute.

Roads are pitted and scarred. Holes gape in the walls of school buildings and playing fields are flooded. Ramshackle stalls crowd the streets, standing in pools of muddy water and blocking traffic.

Every ten meters are signs offering hope of a different nature: Communion with God; Redemption Ministries; Hope Centre Parish; Success Education Centre; High Flyers House of Bliss Ministries.

But the communities of the Niger Delta also have more earthly demands.

Some want environmental clean-ups from oil spills that have devastated swathes of forest and waterways; others want roads and better power supply; others jobs and the regional university.

Many in the Delta are cynical about the government’s stated desire to improve the region’s lot.

The peace talks are “lies and deceit,” said Annkio Briggs, a leading activist in the southeastern oil city of Port Harcourt.

“This latest Osinbajo move … is all about revenue. How do we get the Niger Delta calm enough that we can continue to derive revenue to sustain our budgets?”

Others are also bitter that the government only appears to respond to violent action, while peaceful activism and protests have historically achieved little.

The government “is treading on a path that is disastrous… setting a precedent that they will only negotiate with the Delta when they start blowing stuff up,” said Richard Akinaka, who represented the youth in Rivers state for a meeting with Osinbajo.

He dismissed the meeting with one word – “bogus”.

The communities have also asked for ownership of oil blocks, and for all states in Nigeria to become fiscally independent – a move that would see oil revenues pooled in the southeast.

The problems of the Delta may not be easily solved: enmity runs deep between locals and the federal government, violence is often the answer and some of the demands may not be as attainable as community leaders hope.

“We don’t have a very big agenda,” said Gbenekama, the Gbaramatu kingdom chief. “The general agenda of the Niger Delta people is the political and fiscal restructuring of this nation.”

Admin
Admin
Previous Post

Surfer who saved the world from WannaCry gets ready for the next big virus

Next Post

China’s COSCO Shipping offers $6.3 billion for Orient Overseas Ltd

Next Post

China's COSCO Shipping offers $6.3 billion for Orient Overseas Ltd

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

GSMA presses telecoms to rethink business models for trillion-dollar B2B growth

GSMA urges rethink of spectrum policy to close rural digital divide

February 19, 2026
Unilever, Google Cloud partnership raises stakes in consumer goods digital transformation race

Unilever, Google Cloud partnership raises stakes in consumer goods digital transformation race

February 18, 2026
BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

February 18, 2026
FairMoney expands SME credit access to boost financial capacity

FairMoney expands SME credit access to boost financial capacity

February 18, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

GSMA presses telecoms to rethink business models for trillion-dollar B2B growth

GSMA urges rethink of spectrum policy to close rural digital divide

February 19, 2026
Unilever, Google Cloud partnership raises stakes in consumer goods digital transformation race

Unilever, Google Cloud partnership raises stakes in consumer goods digital transformation race

February 18, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M