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Nigeria: The Cost of Oil

For over 50 years now, the extraction of crude oil and natural gas from Nigeria’s Niger Delta has meant wealth for a privileged few but has exacted heavy costs on residents and the environment. Nigeria is the world’s 8th largest producer of crude oil, yet remains one of its poorest nations — an estimated 70 percent of its 150 million residents live below the poverty line. The environment is paying a steep price as well. An estimated 500 million gallons of oil have spilled into the delta — the equivalent of roughly one Exxon Valdez disaster per year.

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