Financial Times FT.com

Guarded welcome for Niger delta oil initiative

By Tom Burgis in Port Harcourt

Published: October 21 2009 17:47 | Last updated: October 21 2009 17:47

Car licence plates in Rivers state, heartland of Nigeria’s oil industry, proclaim the area the “treasure base of the nation”.

In the half-century since the first crude was exported from the Niger delta, Niger­ian politicians, generals, oil companies and some of the region’s leaders have ex­tracted phenomenal riches from Rivers state swamps.

Crude factory

Crude outline: the government aims to defuse rebellion and revive oil production which has been cut by as much as 40 per cent by sabotage

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