Skip to content
Subscriber Only

Buhari's Change of Tack in Nigeria Delta Boosts Oil Output

  • Pipeline bombings have stopped since militants agreed a truce
  • Vice president’s visit to oil region improved chances of peace
Muhammadu Buhari.

Muhammadu Buhari.

Photographer: Xaume Olleros/Bloomberg
Updated on

When militants in Nigeria’s southern Niger River delta started attacking oil installations, President Muhammadu Buhari promised to crush them by force. A year and $7 billion in lost oil exports later, his decision to switch tack by negotiating with the fighters seems to be working.

All but one force majeure, a clause that gives oil producers the right to miss supply obligations, have been lifted since peace talks were initiated in November with militants. Shipments at Forcados, the nation’s third-largest export terminal, are on course to restart in the second quarter. Nigeria rivals Angola as Africa’s biggest oil producer.