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NIGERIA/OIL CASHBack
[Published: Tuesday October 20 2009]

Nigeria 'to give 10% of oil cash'

Abuja, 20 Oct-(ANA)-Nigerian officials are reportedly planning to give 10% of the country's oil revenues to people in the Niger Delta, an area plagued by insurgencies.

Presidential adviser Emmanuel Egbogah told the UK's Financial Times that the money would go directly to communities, bypassing powerful state governors.

Analysts say the government fears local officials would embezzle the money.

The plan is part of the government's effort to stop militants from attacking oil installations in the delta.

Such attacks have been going on for years, but the government recently held an amnesty and claims to have persuaded a number of leading militants to hand in their arms.

The rebels say they are fighting for a fairer share of oil wealth for delta residents, but frequently resort to killing and kidnapping, and fund their activities by stealing oil. (ANA)

FA/ANA/20 October 2009---

 


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