Thursday, August 4, 2016

Video - Nigeria resumes cash payoffs to former militants in Niger Delta

Nigeria has resumed previously suspended payments to former militants in the oil-rich Niger River delta. About 30,000 ex-fighters, who were receiving a $206 monthly allowance, were informed that the government would resume paying stipends after a "hiccup," according to the office of the coordinator of the presidential amnesty program. Africa's biggest economy is likely headed for a recession because of a slump in crude prices and a 15-month currency peg to the dollar that crippled foreign-exchange supplies. Peace talks that started last week with the Movement for the Emancipation of the Niger Delta, MEND and the resumption of amnesty payments may however do little to halt attacks on wells and pipelines by a different rebel faction, the Niger Delta Avengers.

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