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Vol 54 No 25

Published 13th December 2013


Nigeria

The fire in Jonathan's backyard

Piracy, oil theft and sectional rivalries are spinning out of control in the Delta, the political heartland of President Jonathan

The idea that choosing a President and a Petroleum Minister from the Niger Delta would be the best way to tackle the crisis in the oil and gas industry is being severely tested. For years, the Delta was marginalised and exploited while its inhabitants were excluded from political power and corporate boardrooms. Now, President Goodluck Jonathan (from Bayelsa State in the Delta) and Petroleum Minister Diezani Allison-Madueke (from neighbouring Rivers State) are struggling to limit the damage of catastrophic revenue losses in the industry which generates 90% of foreign exchange earnings.

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