Nigeria has become the world piracy ''hot spot'', with its prized oil industry a particular target, and the raiders have exposed flaws in the country's security. Despite the massive revenues earned from oil, officials concede Nigeria is ill-equipped to combat pirates who ply the seas with speed boats, modern machine guns and radios.
More than 3 000 delegates from 193 nations will descend on the Ghana capital, Accra, on Sunday for five days of United Nations talks on globalisation -- against a backdrop of rising food prices and an economic slowdown. The talks will be opened by UN Secretary General Ban Ki-moon, who will warn that not everyone benefits from globalisation.
Despite being the world's eighth petroleum exporter and sitting on huge gas reserves, Nigeria will not have it easy over the next two years, between peristent unrest in the Niger Delta and strained relations with oil companies. This absence of security means that Nigeria, which ranks fifth among suppliers of crude oil to the United States, lost one quarter of its production in 2006 and 2007.