At $24.1 billion, 17% of the wealth of 3 Nigerian billionaires can fund COVID-19 Vaccines for all citizens
The wealth of Nigeria’s three richest men can sponsor COVID-19 vaccines for 200m citizens;
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Nigeria’s Weak Regulatory Framework around Oil Spills infringe on SDG 13-15
Oil refineries have continued to contribute to environmental degradation for close to a decade;
Oloibiri, the community where crude oil was first discovered, poverty deprives residents of solar energy
There are no sweet memories as the residents of this community, who are majorly from the Ijaw ethnic group, still cannot boast of any development, despite its historical significance in the country.
Exploiting Nigeria 42.74bn Metric Tonnes of Bitumen Wealth
Nigeria has about 38bn barrels of unexplored bitumen resources weighing about 42.74 billion metric tonnes. It ranks 6th in the list of countries with the most bitumen wealth. Nigeria’s untapped bitumen can be found Ogun, Ondo, Delta, Rivers, and Balyesa States. Geologically, Nigeria’s bitumen reserves have close similarities with the bitumen reserves in Canada and it is envisaged if Nigeria’s bitumen would be extracted, similar methods as have been used in Canada would be adopted. In view of this, similar impacts are envisaged between the two countries.