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Article

29 Mar 2012

Author:
Johnny W, OpenOil [Germany]

The story of Niger, or how not to have an oil boom while your people starve

I’d like to suggest three initiatives which would improve the lives of millions of Nigeriens at risk immediately: That the Nigerien government suspends its capital expenditure program to make funds available for emergency relief; That foreign oil companies producing in Niger’s new field, China’s CNPC and Algeria’s Sonatrach, defer cost recovery claims by enough to allow all necessary emergency supplies to be bought; That the governments of the Sahel region, where up to ten million people are going hungry again this year, create a regional stabilisation fund using petrodollars from new and established industries in Chad, Mauritania and Niger...It would be obscene for Nigeriens to die of starvation in areas where a pipeline pumped hundreds of millions of dollars worth of oil...past the queues at the clinics and their devastated villages to a refinery and then out to the world... The new producers of West Africa have more than enough oil reserves booked and fields in production to set up a stabilisation fund now which could offer rapid response in-region help to the humanitarian crises that keep hitting the Sahel.