Financial Times FT.com

Nigeria offers ‘revolutionary’ delta deal

By Tom Burgis in Port Harcourt

Published: October 18 2009 18:14 | Last updated: October 18 2009 23:37

Nigeria plans to transfer 10 per cent of all its oil and gas ventures to the inhabitants of the oil-producing Niger Delta, in an attempt to end a rebellion that has hampered production in sub-Saharan Africa’s leading energy supplier.

The initiative, which comes against the backdrop of a sweeping attempt to overhaul Nigeria’s oil industry would, if approved, by parliament signal a bold new phase in government efforts to broker a lasting settlement in the delta. But first it has to overcome the anticipated objections of representatives of other regions.

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