The Niger Delta Region Of Nigeria Essay - 10130 Words

The Niger Delta Region of Nigeria produces a significant portion of the combined oil wealth of Nigeria. Since 1956 when oil was first struck in Oloibiri in Southern Nigeria, the Niger Delta region has accounted for over 90 per cent of Nigeria’s oil income; however, the region has continually suffered from environmental neglect, disintegrating infrastructures, high rate of unemployment, social deprivation, abject poverty and widespread conflict. There have been incessant calls for the multi- national corporations(â€Å"MNCs†) operating in the area to demonstrate the value of their investments to Nigeria by undertaking increased corporate social responsibility(â€Å"CSR†) initiatives that provide for environmental friendly practices as well as direct social benefits such as local employment, new infrastructure, schools and improved health care delivery. In addition, the Nigerian regulatory measures enforcing the adoption of codes and conduct of CSR policies by thes e companies, their reporting practices and interaction with leading CSR institutions have either been non-existent or inadequately formulated and have therefore failed the entire population. The existing legal frame work needs to be reformulated into one which is fit for purpose. The is a dire need for an effective, independent management and enforcement of the host state’s regulatory exercise to alleviate the current perilous state of the region in particular and the country in general. INTRODUCTION You produce the oil fromShow MoreRelatedThe Culture Of The Niger Delta Region Of Southern Nigeria1200 Words   |  5 Pagesnon-western cultures that have been impacted by globalization. The Ogoni culture indigenous non-western culture in the Niger Delta region of southern Nigeria attained influence from the oil industry (Unknown, UNPO, 2009). In 1956, after World War II, Shell Oil Company from Britain began searching for oil deposits in new territory, with discovery of oil in the Niger Delta, Nigeria (Unknown, UNPO, 2009). Prior to the globalization of the oil industry, the Ogoni culture, had a culture of tradition expandingRead MoreOil And Gas Industry Analysis1342 Words   |  6 PagesIn the last twelve months, the decline in oil and gas activities has not only led to retrenchment of workers in the oil and gas sector in the Niger Delta region in Nigeria, mainly within the International Oil Companies (IOC†s), but has also affected non-related oil and gas sectors such as the contractors and vendors to the Oil and Gas sector; this has triggered several thoughts outside the box to welcome an industry diversification. The Nigerian Government, which solely depend s on the oil and gasRead MoreThe Niger Delta And The Oil Companies1576 Words   |  7 PagesThe Niger Delta is a region of Nigeria that is very rich in crude oil and gas. Crude oil and gas make up 70% of the country s revenue and 95% of it s export earnings (Ezekoli, 5608). Those percentages are incredibly high and represents large amounts of money that can be found in the region. However, the people of the Niger Delta never see the wealth that comes from their natural resources. The wealth instead goes to the oil companies set up in the area as well as the pockets of a few elite governmentRead MoreImpact Of The Nigerian Presidential Amnesty Program1723 Words   |  7 Pagesestimate the impact of the Nigerian Presidential Amnesty Program (Amnesty), a local form of Disarmament, Demobilization, and Reintegration (DDR), on crude oil production in Nigeria. The President of Nigeria announced the program on June 25th, 2009 which aimed to put an end to the insurgency crisis experienced i n the Niger Delta region, particularly between 2006 - 2009 which had led to an average loss of about 650,000 barrels of crude oil per day (cited in Asuni, 2009) and which had major implicationsRead MoreCorruption In Nigeria Essay examples1156 Words   |  5 Pagescorruption is prevalent in the Niger delta region of Nigeria; public officers in this oil producing state of Nigeria are corrupt. Consequently, it has defied the Niger delta from developing politically and economically which has left the states reputation in a mess. Radicalization of youths, abject poverty and -political instability are the three leading effects of corruption in the Niger delta region of Nigeria. Corruption in the Niger delta region of Nigeria has led to abject poverty in theRead MoreThe Conflict Of The Niger Delta1743 Words   |  7 PagesCONFLICT IN THE NIGER DELTA Nigeria is the 7th world largest oil producer and is a major player in the world energy market. Oil and gas is Nigeria’s main source of revenue. It accounts for about 40% of the Gross Domestic Product and 70% of government revenues (Lawal 2004). Crude oil was first discovered in 1956 by Shell British Petroleum in a small village called Oloibiri present day Bayelsa State. Two years later oil in larger quantities was discovered in Ogoni. The Niger delta region has a populationRead MoreThe Help of Shell in the Niger Delta Region Essay1084 Words   |  5 PagesThe Help of Shell in the Niger Delta Region TABLE OF CONTENTâ€Æ' Introduction Shell is a group of oil and petrol companies. The parent company is Royal Dutch Shell, based in Britain, is a multinational corporation (MNC). The group of companies is active in countries all over the world, including Nigeria. The Federal Republic of Nigeria is extremely rich in oil resources. Rightly so, their business-connection goes back over fifty years. Likewise, a Shell company, the Shell Petroleum DevelopmentRead MoreShell Petroleum Discovery Of Nigeria Essay1479 Words   |  6 Pagesoil in commercial quantity in Nigeria. Within a decade, oil exploration speedily replaced agriculture as the mainstay of the country’s economy. In 2006, roughly 97 percent of exchange revenue and about 80 percent of all government expenditures came from petroleum proceeds . The Niger Delta region is located at the southernmost part of Nigeria and comprises of nine states; Akwa Ibom, Bayelsa, Cross River, Delta, Edo, Rivers State, Abia, Imo and Ondo states. The region constitutes 7.5% of Nigeria’sRead MoreNigerian Development : The Face Of Oil Extraction And How Mncs Such As Shell Essay1593 Words   |  7 Pagesoil state and primary exporting country, Nigeria is the largest oil exporter in Africa and the world’s tenth largest oil producer (Pyagbara 2007: 1). As of 2010, crude oil and petroleum gas accounted for approximately 80% of the country’s overall exports, totaling over $50.3 billion in revenues the next year (Pyagbara 2007: 2). Despite maintaining a lucrative resource that could arguably catalyze momentum towards economic development, poverty plagues Nigeria and continues to rise despite efforts toRead MoreThe Field Classification Of Niger Delta Basin1277 Words   |  6 PagesBasin: Niger Delta Basin, Offshore Nigeria Basin Type: Passive Continental Margin, Divergent Reservoir Type: Deep Water Turbidites Reservoir Environment of Deposition: Channel sands Reservoir Age: Miocene Hydrocarbon Type: Oil and Gas Trap types: Stratigraphic and Structural Trap Styles: Fault block and Flank of Mud Diapir Discovery: 1995 Water Depth: 1311m Reserves: 1235MMBO + 951BCF Author: Mohammed Malah, 9741320 2 Introduction The Bonga field is located in the Niger Delta region offshore