Findings of investigations carried out on the Niger Delta Development Commission (NDDC) initiated by the legislative and executive arms of the federal government of Nigeria indicate a high rate of corruption evident in contract racketeering, payments for fictitious contracts, award and payment for ridiculous staff bonuses and project abandonment, to mention a few. Despite the huge sums of money released to the NDDC as an intervention agency since its inception, the Niger Delta communities continue to experience a steady decline in social and economic standards.
As the effect of covid-19 pandemic on global economy bites harder, Nigeria is not exempted, the economy hugely financed from sale of crude continues to face an unsustainable long-term fiscal decline based on the imbalance between paucity of revenue and large deficit spending. While this is the reality, both spending and revenue imbalance can get worse with unfettered corruption and poor fiscal policy decisions.
All is not well in many Niger Delta communities as they increasingly suffer environmental degradation and its attending consequences. Citizens have been stripped of their means of livelihood due to incessant pollution resulting from crude extraction activities.