India, May 11 -- Decades of oil and gas extraction have failed to deliver inclusive development in 13 African producer states.

Instead, fossil fuel dependence has deepened poverty and heightened exposure to global price shocks.

It has also entrenched foreign corporate control and left economies vulnerable.

Many citizens still living on less than $3 a day despite vast reserves.

Decades of oil and gas extraction across Africa have deepened poverty, weakened economies and increased dependence on volatile global fuel markets instead of delivering broad-based development, according to a new report by Power Shift Africa and Oil Change International.

The report, Pipe Dreams: How Oil and Gas Fail to Deliver Economic Development in Africa, an...