Niger Delta Fund Initiative

Due to corruption and poor governance, oil royalties have not been distributed to the people of the Niger Delta Region of Nigeria. Our project will work with NGOs and ethical government officials to form and implement the Niger Delta Fund, similar to the Alaska Permanent Fund, which will be a transparent legal mechanism whereby oil royalities will be distributed directly to the people as dividend checks and/or made available as low interest revolving loan funds for sustainable development. Additionally, this project will assist in the development of a sustainable development plan for the Niger Delta, with an initial focus on the eco-restoration of the town of Odi and Bayelsa State.



Our partnerships began in June, 2002, and in February, 2003 and as of November 2003 we are planning to hold a conference in early 2004 to develop a strategy for implementation.