Kachikwu: $40bn Spent on Niger Delta in 12 Years without Result – Thisday

Kachikwu

The Minister of State, Petroleum Resources, Dr. Ibe Kachikwu on Friday said there was nothing on ground to justify the over $40 billion that has accrued to the Niger Delta region in the past 12 years through various intervention agencies.

The minister, who spoke at a meeting held at PTI Conference Centre in Warri, Delta State involving prominent leaders from the coastal states, including representatives of the various ethnic groups, Isoko, Ijaw, Urhobo, Itsekiri, Ibiobio and others, said the $40 billion came mainly from oil companies, Niger Delta Development Commission, NDDC, 13% derivation and other intervention funds.

He declared in the presence of monarchs, youth leaders, politicians and Secretary of MEND: “I’ve been to the creeks myself and discovered that there was no meaningful development of the riverine communities as expected by the federal government despite the huge amount disbursed to the region.”

Read more at http://www.thisdaylive.com/index.php/2016/08/27/kachikwu-40bn-spent-on-niger-delta-in-12-years-without-result/