AN ASSIGNMENT WRITTEN IN PARTIAL FULFILMENT OF THE REQUIREMENTS OF THE COURSE DVS 512: TECHNOLOGY, ENERGY, NATURAL RESOURCES AND DEVELOPMENT
ISU, DORATHY AKWUGO
LECTURER: DR. OGAKWU
INSTITUTE FOR DEVELOPMENT STUDIES, UNIVERSITY OF NIGERIA, ENUGU CAMPUS.
The Niger Delta produces the oil wealth which accounts for the bulk of Nigeria’s foreign earnings. Paradoxically however, these vast revenues from an international industry have barely touched the Niger Delta’s own pervasive local poverty (UNDP, 2006:1). The majority of the population in the rural areas in the Niger Delta region of Nigeria are living in extreme poverty in spite of the facts that a large percentage of Nigeria’s income is realized from the crude oil produced in that region.
The Niger Delta region usually refers to the nine oil producing states in Nigeria which are Abia, Akwa Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo and Rivers States. The region contains the world’s third largest wetland, with the most extensive freshwater swamp forest and rich biological diversity. Over half of the area is crisscrossed with creeks and dotted with small islands, while remainder is a lowland rainforest zone (UNDP, 2006:1).
The deteriorating social and environmental conditions, poor infrastructural development, grossly inadequate facilities and the general malaise in the area, has the effect of pushing out millions of young men and women to seek out uncertain alternative opportunities in the cities. Others become militants who constantly and consistently sabotage oil pipelines and vessels of the oil exploiting companies in Nigeria and kidnap their staff, causing huge financial losses and reduction in crude oil production. This situation also has the effect of making the Niger Delta regions highly unsafe for foreign investment.
Even the global economy has been negatively impacted by the... [continues]
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