TaTTa will come across a lot
of political risks in Nigeria. Such as Kidnapping, Corruption, Social Tension,
Political Instability, Civil Wars and Government Reforms. But, the main
political risk which they will face is Corruption, this is because in Nigeria
this is a very common thing.

Muhammadu
Buhari who is the president has mentioned to the public on national T.V that
corruption is the highest form of human right abuse. Since the construction of
the modern public management in Nigeria, there have been an increase of the
official mistreatment of money and resources. The growth of public
administration and the finding of oil and also the natural gas are both major
activities which have increased the corruption in Nigeria.

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In just the year of 2011, on
its own there was 12 major corruption cases. And out of 12 there was 4 cases
related to oil such as the $6bn fuel subsidy scam and also the crude oil theft.

 

The parliament in Nigeria has
had a talk over a report which states that $6bn equivalent to £4bn which had
been tricked from the fuel subsidy fund in the past couples of years. This
discussion was also televised live. Nigeria is a big oil producer but they have
to now import most of their fuel. People such as Mamman Ali and Mahmud Tukur
were involved in the scam, these were distinguished members of the PDP and
their families. And after this scam there was only ongoing cases, but there was
no convictions.

 

The crude oil theft according
to the president of that time who was Goodluck Jonathan, said more than 10% of
Nigeria’s production is being lost at a cost to the state, so roughly around
300k-400k barrels of oil per day. Because of this it is helping to keep the
world price oil high, and this is causing corruption and social disorder,
according to the president. And even after this scam there was no punishment
given. And also the ex-militants were given contract which was worth billions
to protect the waterways. Instead of there being a decrease of oil theft it has
been increasing. 

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