18 May 2016
Following the recent attacks by the militant group, Niger Delta Avengers, Nigeria has seen 800,000 barrels per day (bpd) decrease in oil production, knocking the country off the leadership table when it comes to oil production.
Last time Nigeria lost this position in Africa, it was due to actions of the MEND militant group, also in the Niger Delta region.
Current speculations around the resurgence of militant action is linked to the president’s decision to cut back subsidies given to militants in the region by 70% with a view to completely phase it out in the future.
The leader of the Niger Delta militant group Ekepmupolo, popularly known as Tompolo has been under investigation for money laundering of $231 million since January. He has denied any involvement in the latest attack.
Angola at 1.8 million bpd currently seat on the top as the largest African oil producing country, with Nigeria trailing at 1.69 million bpd. The President says the government is committed to fighting pipeline saboteurs and getting Nigeria back to its oil production capacity.