Nigeria attacks starting to affect energy investment

[phantom power]

Militant attacks on oil companies in Nigeria's Niger Delta are scaring off investors and pushing up costs, according to Tunde Afolabi, chief executive officer of Lagos-based Amni International Petroleum Development Co.

"There has been noticeable capital flight" from the region, Afolabi told the Africa Independents Forum in Cape Town today. "The return on investment in the Niger Delta is lower than elsewhere. Attacks by militants have become part of our production plans."

http://www.chron.com/disp/story.mpl/business/energy/6044060.html