Niger Delta region
Coverage of Niger Delta region in the Nexus archive.
- Nigeria launches $500 million agriculture fund
Nigeria launched a $500 million agriculture fund to invest in the oil-affected Niger Delta region, focusing on aquaculture, palm oil production, and livestock. The initiative has secured funding commitments from the World Bank and the African Development Bank.
- Nigeria’s oil output hits six-year high
Nigeria’s daily crude oil production reached a six-year high in June, driven by government security improvements along pipelines. Output hit 1.56 million barrels per day, surpassing OPEC+ quotas, despite past challenges from oil theft and facility vandalism.
- Senate panel probes alleged $71.65m, N30.7bn unpaid oil firms’ contributions to NDDC
A Senate panel is investigating alleged $71.65 million and N30.7 billion in unpaid contributions by oil firms to the Niger Delta Development Commission (NDDC). The probe follows a petition by an environmental activist concerning oil companies' refusal to fulfill statutory obligations to the Niger Delta region.