HUFFINGTON POST
06/08/2011 03:53 pm ET Updated Aug 08, 2011

Nigeria Oil Industry Taxes Residents, Environment

For over 50 years now, the extraction of crude oil and natural gas from Nigeria's Niger Delta has meant wealth for a privileged few but has exacted heavy costs on residents and the environment. Nigeria is the world's 8th largest producer of crude oil, yet remains one of its poorest nations -- an estimated 70 percent of its 150 million residents live below the poverty line. The environment is paying a steep price as well.

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