Nigeria: Oil thefts, subsidies and the cost of crude

With reference to the fuel subsidy debate in Nigeria, where government plans to scrap fuel subsidies, resulting in a substantial increase in the price of fuel, Nnimmo Bassey argues in The Guardian of Nigeria that the real debate should be on the true cost of crude oil. 'And this is not just about how much is currently spent in refining a litre of petrol in a Nigerian refinery or whether we can justify any plan to raise the pump price of a litre of petrol to N144 or more. The true cost of oil must include the environmental costs that have been externalised and dumped on the poor communities of the Niger Delta.'