BUSINESS AND ECONOMY
– The shocking cost of Niger Delta militantism
has been revealed
– Delta state has recorded a N2.6 billion loss due
to sabotage attacks
– Militants in the delta are waging a campaign
against oil companies in the region
The shocking cost of Niger Delta militant attacks in
southern Nigeria has been revealed.
Reports have emerged that N2.6 billion in revenue
has been lost due to militant attacks in the last few
weeks in Delta state.
Executive Director, Planning, Research and
Statistics, Delta State Oil Producing Areas
Development commission (DESOPADEC), Victor
Wood yesterday confirmed the figure while
speaking to journalists in Asaba yesterday.
She did however go on to add that the figure was
an estimate.
While appealing to the restive youths to put an end
to the destruction of pipeline installations and
facilities, Wood expressed concern about possible
future sabotage attacks in the state.
He noted that as long as the campaign of
economic sabotage continues, there is no way
multinational oil companies would establish oil
companies in the state.
– The shocking cost of Niger Delta militantism
has been revealed
– Delta state has recorded a N2.6 billion loss due
to sabotage attacks
– Militants in the delta are waging a campaign
against oil companies in the region
The shocking cost of Niger Delta militant attacks in
southern Nigeria has been revealed.
Reports have emerged that N2.6 billion in revenue
has been lost due to militant attacks in the last few
weeks in Delta state.
Executive Director, Planning, Research and
Statistics, Delta State Oil Producing Areas
Development commission (DESOPADEC), Victor
Wood yesterday confirmed the figure while
speaking to journalists in Asaba yesterday.
She did however go on to add that the figure was
an estimate.
While appealing to the restive youths to put an end
to the destruction of pipeline installations and
facilities, Wood expressed concern about possible
future sabotage attacks in the state.
He noted that as long as the campaign of
economic sabotage continues, there is no way
multinational oil companies would establish oil
companies in the state.
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