Nigeria pumps out 1.5 million barrels of oil a day, making it the biggest producer on the continent. The multinationals – Chevron, ExxonMobil, Shell et al – in partnership with local firms and the state oil company, the Nigerian National Petroleum Corporation, have made billions from it, and oil accounts for more than half of government income. But next to none of this money...
Nigeria pumps out 1.5 million barrels of oil a day, making it the biggest producer on the continent. The multinationals – Chevron, ExxonMobil, Shell et al – in partnership with local firms and the state oil company, the Nigerian National Petroleum Corporation, have made billions from it, and oil accounts for more than half of government income. But next to none of this money reaches the region where most of the oil is found, the Niger Delta, where more than a third of the population lives below the poverty line.