Nigeria’s oil infrastructure were the most attacked in 2016

oil infrastructure

Latest report released by AON, a risk management and insurance provider shows that Nigeria’s oil and gas infrastructure were the most attacked in the world.

The research shows that Nigeria ranked amongst the volatile countries such as Libya, Colombia, Iraq and Pakistan.

AON noted that “Companies in the oil and gas industries appear to be the most tempting and lucrative targets for terrorism – with the Energy sector the most targeted by terrorists in 2016”

In the 2016 version of the Political Risk report, Nigeria recorded a total of 56 attacks on its oil and gas installation. This is almost more than double a total of 22 attacks recorded in Colombia.

Attacks on oil and gas installations in the Niger Delta region of Nigeria became rampant under the government of President Muhammadu Buhari after he refused to have negotiations with the militants in the region.

A resumption of talks with various communities spearheaded by Vice President Yemi Osinbajo has led to a cessation of attacks on oil and gas installations. Nigeria’s Forex reserves has also benefitted from this momentary calm.