Inequitable resource sharing in different countries and communities has been the bane of conflict. It has been the basis for violent conflict in Nigeria in general (Boko Haram) and in the Niger Delta Region of Nigeria, in particular (Niger Delta Militants). This paper seeks to find out the factors that sustain these conflicts, to evaluate the way forward for peace and the stakeholders’. The Review of literature approach is adopted. From existing documented history and analysis of events, conflict and crises, the Nigerian case is a paradox of poverty and violent conflict in the midst of abundance. In the centre of this conflict and crises is an ‘unfair complex and inconsistent formula for the distribution of oil revenue only, while revenues from other resources are wholly owned by the region in which they are found. The Niger Delta region has suffered several years of neglect and environmental degradation from oil exploratory activities. The multinational companies’ operating in this region has not been helping matters, largely due to corruption. The conflict situation in the Niger Delta of Nigeria presents itself in diverse form but can be traced to the advent of oil and lack of a fair institutional framework of revenue distribution, where some exist, it is created to be breached and bedeviled with unscrupulous legislature that circumvent the true state of the “Cake Sharing” formulae. The paper presents a case for Strategic Government-Stakeholders-Private Partnership built on accountability.