With Africa looking to accelerate its economic growth while ensuring access to energy for all, optimal production and exploitation of the continent's 125.5 billion barrels of crude oil and 620 trillion cubic feet of gas reserves is key, and oil companies (NOC) from Africa have a critical role to play.
In this regard, the African Energy Chamber (AEC) is proud to announce that the South African state-owned energy company, the Central Energy Fund (CEF), which in turn has a mandate to make energy poverty history across the continent by 2030, will be to attend and participate in the African Energy Week (AEW) conference and exhibition (www.AECWeek.com), which will take place from October 18 to 21 in Cape Town, as NOC host and platinum sponsor.
As the host NOC and platinum sponsor of AEW 2022, CEF and its subsidiaries will welcome delegates, ministers and fellow NOCs at the largest energy gathering on the continent.
Representing Africa's second largest and most industrialized economy, CEF's participation as Host NOC and Platinum Sponsor at AEW 2022, Africa's premier event for the oil and gas sector, will be crucial in shaping thoughtful discussions on how Africa can enhance investment and development around the world.
the entire energy value chain in order to provide access to energy for the more than 600 million people who currently live without it, while driving long-term sustainable economic growth.
With CEF Group working towards safe, reliable and affordable energy solutions for South Africa by 2030, the state-owned company, through its various arms including PetroSA; the Strategic Fuel Fund; the oil and gas exploration and production company, iGas Energy; and the South African Petroleum Agency, has been and continues to be instrumental in driving the growth of the energy sector throughout the Southern African region through partnerships with regional and global energy companies and investors.
With inadequate investment across the oil and gas value chain, causing the continent to suffer from chronic energy shortages and high fuel prices, CEF has become a driver of oil and natural gas developments in South Africa.
, as well as throughout the African continent.
In particular, as both Mozambique and South Africa expand their domestic gas economies, CEF is one of the key players promoting the growth of the regional integrated energy sector by developing, owning and operating the 865 km transmission pipeline connecting the two countries.
In collaboration with integrated energy and chemical company Sasol, CEF Group has also committed to reducing energy imports and ensuring long-term energy security in South Africa through increased production and use of gas resources from the country.
“The Chamber is proud to have the CEF Group as the host NOC for this year's edition of AEW 2022.
The NOC's presence at Africa's largest energy event is a strong testament to the work the ACS is doing in partnership with African NOCs and the energy market.
players to achieve a just energy transition for Africa through the exploitation of the continent's oil and gas resources.
We believe that Africa will prosper if it drills more oil and gas wells and exploits these resources to meet its energy needs.
This is what CEF and other NOCs will be discussing at AEW 2022,” said NJ Ayuk, Executive Chairman of AEC.
With the CEF seeking appropriate energy solutions to address the ongoing electricity shortage in South Africa through diversification of the energy mix, AEW 2022 presents the best platform for the host NOC to promote partnership opportunities with regional energy companies, and Investors As the Host NOC and Platinum Sponsor of AEW 2022, CEF senior executives will have access to exclusive panel discussions and networking forums where updates on NOC's current projects and future strategies in both South Africa and overseas will be shared.
the entire region.
Wale Tinubu, Group CEO of Oando PLC, a Nigerian multinational energy company operating in the upstream, midstream and downstream sectors, will travel to Cape Town to attend and participate in this year's African Energy Week ( AEW) (www.
AECWeek.com) conference and exhibition: Africa's premier event for the oil and gas industry taking place from 18-21 October at the V&A Waterfront.
Representing Nigeria, a global hydrocarbon heavyweight, and Oando Energy, one of Africa's leading independent energy companies redefining the continent's energy mix for secure supply, environmental sustainability, electrification progress and socio-economic development, the participation of Tinubu at AEW 2022 will be crucial in shaping serious discussions about the role the continent's vast energy resources have had and will continue to play in providing access to energy for the more than 600 million people currently living without it across the continent.
, while promoting industrialization and ensuring energy security on a global scale.
A lawyer by profession and winner of multiple awards, including Entrepreneur of the Year: West Africa by Ernst & Young; African Business Leader of the Year by Africa Investor; and a Global Young Leader by the World Economic Forum, Tinubu is well known for building successful businesses across Africa's energy value chain.
Under his leadership, Oando Energy has become one of the most competitive upstream, midstream and downstream oil and gas market players in Nigeria and Africa, driving industry growth through innovative business models and mergers and acquisitions.
With interests in 14 licenses spanning exploration, development and production, Oando Energy, under Tinubu's leadership, is transforming the continent's oil and gas industry.
With the energy transition unleashing significant impacts on the African hydrocarbon industry, Tinubu represents one of the industry executives leading the industry revolution in pursuit of climate-friendly and sustainable development through resource exploitation.
continent's energy sources to address energy poverty.
Tinubu's more than 28 years of experience in developing the continent's oil and gas resources has enabled the executive to streamline Oando's successful transformation from an oil trading company to an integrated energy group, which now has a production of 43,000 barrels of crude oil per day.
and 57 million barrels of crude export volume to date.
Furthermore, with inadequate investment and infrastructure preventing the mainland gas sector from reaching its full potential, Tinubu is playing a major role in removing operational constraints and inefficiencies related to importing and exporting products into the Nigerian market through through a series of investments in energy storage, retail and distribution.
In addition to leading Oando, Tinubu is the Chairman of Axxela, leading the growth of Nigeria's natural gas market by accelerating the construction of distribution networks and, as a result, heading one of the largest private sector gas distributors in Nigeria.
In this regard, Tinubu is well positioned to shape AEW 2022's critical dialogue around the challenges and opportunities facing the entire continent's oil and gas value chain.
With Africa and Nigeria seeking to diversify the energy mix to ensure the exploitation of all energy resources for energy security, Tinubu is spearheading several mechanisms aimed at accelerating the penetration of renewable energy solutions, including solar power and converting waste to energy, while ensuring that the continent remains a climate champion.
“The Chamber is proud to host an industry veteran like Tinubu as he shapes serious discussions on how Africa can maximize the financing, exploration, production, exploitation and monetization of oil and gas resources, while while accelerating the development of new technologies such as solar energy.
and electric vehicles to realize their prospects for energy security and economic growth,” said NJ Ayuk, CEO of AEC.
Representing AEW 2022 Gold Sponsor Oando Energy, Tinubu will participate in high-level panel discussions and networking forums in which the executive will provide an update on his companies' activities to drive the entire energy value chain of the continent as the energy transition accelerates.
The African Energy Chamber (AEC) is proud to announce that HE Haitham Al Ghais, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), will deliver the keynote address at this year's African Energy Week. (AEW) (www.
AECWeek.com), which will take place from October 18 to 21, 2022 in Cape Town. Following his speech, HE Al Ghais will lead an OPEC-Africa dialogue session, together with OPEC and non-OPEC African countries, seeking an aligned narrative on the future of Africa's oil and gas .
The state of Africa's oil and gas sector in 2022 has been dynamic, as new discoveries have been made, large-scale projects start, and global supply and demand curves have a direct impact on prices per barrel.
As the continent pursues an accelerated post-COVID-19 recovery thanks to oil and gas growth, challenges associated with financing, price volatility and a lack of exploration continue to shape oil and gas markets.
both African and global gas.
For Africa, achieving and maintaining market stability is critical, particularly as industry stakeholders move to capitalize on the continent's more than 125 billion barrels of oil and 600 trillion cubic feet of gas, in an effort to eradicate energy poverty.
In this sense, the recently inaugurated Secretary General of OPEC represents the ideal figure to promote discussions on market stability, with a view to ensuring an efficient, economical and regular supply of oil to consumers and constant profitability to producers.
HE Al Ghais has 30 years of experience in the global oil and gas industry, which has not only positioned him as a well-known OPEC figure, but also as an industry expert.
Prior to his inauguration as OPEC Secretary General, HE Al Ghais advised six Kuwaiti oil ministers; he held various positions at Kuwait Petroleum Corporation; and he represented a prominent member of the Kuwaiti delegation at OPEC meetings and the Declaration of Cooperation between OPEC and non-OPEC oil-producing countries.
Consequently, HE Al Ghais brings a wealth of experience to the table and is prepared to draw on his diplomatic experience to help advance discussions on the future of oil and gas in Africa.
At a time when more than 600 million Africans still lack access to electricity and more than 900 million lack access to clean cooking solutions, the accelerated development of the continent's oil and gas resources holds the key to stabilizing energy markets, alleviate energy poverty and promote sustainable socio-economic growth.
As a keynote speaker at AEW 2022, HE Al Ghais will push this same narrative forward, providing insights into market stabilization solutions and unified oil policies between OPEC and non-OPEC producing nations.
“We are proud to announce that HE Al Ghais, the recently inaugurated Secretary General of OPEC, will attend AEW 2022 and will participate as a keynote speaker.
Representing an industry leader and veteran, HE Al Ghais will be central to any and all discussions of oil and market stability.
With a variety of stakeholders spanning the continent and the energy value chain coming to Cape Town for four days of discussion and signing of agreements, the fact that HE Al Ghais is leading the dialogue speaks to the caliber of the event as the main forum for discussion.
Africa's energy future”, says NJ Ayuk, CEO of AEC.
Mr Umar Adoro, Commander, National Drug Law Enforcement Agency (NDLEA) in Kaduna State, on Tuesday began advocacy visits to communities to solicit support in the fight against drug abuse and trafficking.
The News Agency of Nigeria report that Adoro was at the palaces of the village head of Anguwan Makeri and the District Head of Gonin Gora in Chikun Local Government, as part of the advocacy.
He said it was necessary meet with traditional leaders at the grassroots, so as to get first hand information on the drug abuse situation in their communities.
The commander said this was important, because the grassroots has been most affected by the menace of illicit drug trafficking and consumption.
He added that the visit was imperative owing to the location of the communities on the strategic Kaduna-Abuja highway.
According to him, the NDLEA relies on relevant stakeholders in the conduct of its operations as such it is necessary to continuously raise awareness and sensitise stakeholders to be part of the campaign on the dangers of illicit substances.
Adoro said, between January and August, the Agency has intercepted 10 tons of illicit substances in the state.
He therefore appealed to all stakeholders to continue to cooperate with the Agency by providing accurate and timely information on the activities of drug pushers, so as to stem the tide.
The commander told the traditional leaders that the fight against the illicit drug is not only for security agencies alone, but a collective responsibility to save the society.
“Traditional institution has a critical role to play because you are also critical stakeholders in the fight against the menace,” he added.
Adoro urged the youth to always engage in meaningful ventures that would add value to their communities.
The village head of Anguwan Makeri, Mr Yohanna Makeri appreciated the visit and commended the agency for the progress they are making in the fight against illicit drugs.
Makeri said he has been following the breakthrough on fight against drug trafficking in the country and reassured the commander on working together in the fight against the menace.
Also, the District Head of Gonin Gora, Mr John Yusuf-Sarki commended the NDLEA for the visit, describing it as timely.
He pledged to support and cooperate with the Agency in the fight against illicit drugs and trafficking.
The Civil Society Legislative Advocacy Centre (CISLAC) on Tuesday inaugurated 2022 anti-corruption shadow report on progress towards Sustainable Development Goals (SDGs) 16 in Nigeria.
SDG 16 is about peace, justice and strong institutions.
The UN correspondent of the News Agency of Nigeria reports that the SDGs Shadow Report 2022 was launched on the sidelines of 77th session of the United Nations General Assembly (UNGA) in New York. Speaking on the Report, the Executive Director of CISLAC, Mr Auwal Rafsanjani, said there were improvement in two indicators in 2022 in measuring SDG 16 as compared to three in 2021 and six in 2019. “This improvement, which can be seen in the policy areas of money laundering and asset recovery, is attributed to the passage and assent into law of the Money Laundering (Prevention and Prohibition) Bill and Proceeds of Crime Management Bill in May 2022. “The Money Laundering (Prevention and Prohibition) Act 2022 aims to strengthen the powers of relevant agencies in dealing with challenges posed by money laundering by expanding the scope of money laundering in the prevention, prohibition, detection, prosecution and punishment of offenders.
“The Proceeds of Crime Management Act 2022 aims to better manage recovered assets through the establishment of a central database as well as the establishment of directorates to manage recovered assets in various jurisdictions amongst other measures,’’ he explained.
However, he said, the lack of progress on other indicators could be attributed to three major factors, including the worsening insecurity across Nigeria which raised concern amongst citizens.
Second factor, he said, was high level of corruption amidst an increase in national debt and the fights against tangible progress on the actions of the government against freedom of speech and freedom of the press.
“As seen on to the 2021 Corruption Perception Index (CPI) released globally by Transparency International where Nigeria scored 24 out of 100 points, which is its worst since 2012 when the methodology of the CPI was reformed.
“Another area to be concerned about is Nigeria’s revenue generation problem which has led to an enormous increase in borrowing.
“Official data has shown that Nigeria had a revenue of N1.63 trillion in the first quarter of 2022, which was not even enough to pay the debt of the country for that quarter which was at N1.94 trillion,’’ he said.
On freedom of the press, the official said the fining of some media houses in August 2022 for the airing of messages on the security situation speaks to this matter.
Similarly, on the global Press Freedom Index (PFI) released by Reporters without Borders, Nigeria fell nine places to 129180 on the 2022 PFI as against 120180 on the 2021 PFI.
“Our position is that achieving the Sustainable Development Goals will become most challenging where there is no solution to the aforementioned challenges,’’ he said.
This edition provides insight for the delayed progress and stagnation under the SDG 16 targets and proffers recommendations where needed.
It is hopeful that these recommendations be followed through by the appropriate authorities to guarantee the protection of the lives and freedom of Nigerians as well as reduce corruption within the government.
He thanked the Transparency International for their technical and strategic support and the European Commission for providing support for the publication through the SANCUS project.
The Report, which is the 5th edition of a series of annual shadow reports, seeks to measure Nigeria’s progress on SDG 16, specifically targets 16.4 which deals with anti-money laundering.
SDG 16.5 which looks at beneficial ownership and 16.10 which looks at access to information.
This Report was prepared using a Transparency International global template which helps for cross chapter comparison amongst countries.
The Report was produced by CISLAC as Transparent International Nigeria under the project which seeks to improve democratic accountability of public institutions and anti-corruption deficits by Strengthening Accountability Networks among Civil Society (SANCUS), which is supported by the European Union.
The Report is an updated assessment of the previous editions of the SDGs Shadow Report published by CISLAC in 2017, 2019, 2020 and 2021. The aim of the Report is to monitor and explore the progress within the agenda 2030 with the focus on the SDG 16 targets earlier mentioned (16.4; 16.5 and 16.10) which have been analysed in depth.
The research encompasses over 14 policy areas and 76 indicators distinctly developed as part of the global Transparency International project of ‘shadow reporting’ the official Voluntary National Reports (VNRs) prepared by the governments as a self-assessment against the SDG goals.
The management of Rangers International Football Club of Enugu has announced the appointment of defender Uche John as the club’s captain in the forthcoming 20222023 season.
The club, in a statement by Norbert Okolie, its Media Officer said John’s appointment was as a result of his unanimous selection by teammates.
It said his selection was at a brief ceremony after the team’s training session on Tuesday.
“After his selection, the club’s Administrative Secretary, Ferdinand Ugwuarua, charged him to lead by example as much was expected of him both on and off the pitch in leading the team to achieve its set target for the new season.
” The News Agency of Nigeria reports that the defender will be assisted by midfielder Ugochukwu Ugwuoke, while Ebuka Anthony was appointed as the second assistant skipper.
The statement disclosed also that the club’s Technical Adviser, Abdul Maikaba, while speaking on the development, urged the players’ leaders to show leadership by example.
Maikaba expressed the belief that the new team leaders would lead by example as much was expected from them, especially John the new skipper.
“I expect John to use his wealth of experience in the league to guide others to ensure we achieve our set target for the season,” he said.
NAN reports that John took over from Tope Olusesi and has featured in more than 60 Nigeria Professional Football League (NPFL) matches from 2016 to 2022 for Enyimba and Rangers International.
“This is really a big task put on my shoulders.
But I am ready to lead by example and be a good link between players, coaches and management.
“With the support of all, I am sure that we shall deliver the expected goods at the end of the season.
”I am humbled by this additional task and by God’s grace, I will not disappoint those behind this choice,” John said in his reaction to the development.
Sokoto state government has revoked Dange General Hospital contract in Dange-Shuni local government area allegedly abandoned by the contractor after three consecutive variations of cost and fully paid.
The state Commissioner of Rural Development, Alhaji Isah Bajini- Galadanchi, made this known at the end of state executive council meeting on Tuesday in Sokoto.
Bajini-Galadanci said the contract was awarded in 2019, noting that the decision was reach in recognition of the premium placed on the project.
He said the project was conceived because of its significance to the people of the area, emphasizing that it would soon be re-awarded to another contractor.
The News Agency of Nigeria reports that succur has also came to the people affected by floods in last two years as the state government awarded roads construction contracts.
Bajini-Galadanci said the awarded roads projects included; 66.8 kilometres Kagara-Goronyo and 32 kilometers Kebbe-Tambuwal road.
According to him, the sum of N1.3 billion will be spent on the construction of Romon Sarki-Gawon Gulbi road with a bridge washed away by flood in Tambuwal local government area.
He said an additional N3.5 billion was also approved for the reconstruction of Binji-Silame-Gande road and Wurno- Huchi road that also comprised bridge washed away by flood.
The Commissioner added that N520 million would be spent on the augmentation of urban infrastructures’ projects while the sum of N467 million will be expended on the procurement of drilling materials.
He explained the council also approved the sum of N218 for the provision of streetlights at the sites of the ongoing two flyovers being constructed at Runjin Sambo and Rijiyar Dorowa in Sokoto metropolis.
Bajini-Galadanci said more streetlights proposed for the completed intra-city Waziri Abbas and Maituta roads at the cost of N222 million and N80 million respectively.
Bajini added that the council approved the sum of N262 million as variation for the hitherto awarded contract of N475 million for the 14 km Tsaki- Lambo- feeder road, which total cost now stands at over N738 million.
“There was also a variation of N63 million on the Kwanar Kimba-Zamau road which was initially awarded at the cost of over N262 million but will now gulp over N376 million.
“Council also approved the purchase of drilling materials to facilitate the operations of the state’s three functional rigs, used for drilling boreholes across the state, at the cost of over N467 million.
The commissioner added that an additional N325 million has been earmarked for the variation of two rural infrastructures’ contracts.
NAN reports that the meeting was presided by Gov. Aminu Tambuwal while Bajini-Galadanci assisted during the press briefing by the Commissioner for Health, Dr Muhammad Ali Inname, Lands and Housing, Aminu Bala Bodinga and Local Government, Abdullahi Maigwandu.
Brazilian President Jair Bolsonaro, the first world leader to present his address to the 77th session of General Assembly spoke on his nation’s achievements in addressing an array of challenges including public health, economic recovery and sustainable development.
“Our collective responsibility… is to understand the scope of the challenges that make up this watershed moment,” he said, making reference to the theme of this year’s General Debate.
The theme is “A watershed moment: transformative solutions to interlocking challenges.
” “And, from there, build responses that pull their strength from the objectives that are common to all of us.
” This effort, he continued, must begin within each country.
“It is what we do at the domestic level that gives the measure of authority with which we act internationally.
” Bolsonaro went on to highlight his Government’s efforts to save lives and preserve jobs during the Covid-19 pandemic.
He spoke on ensuring emergency financial assistance to those most in need and launching a broad vaccination programme that resulted in more than 80 per cent of the country’s 210 million people receiving vaccines.
These and other measures mean that Brazil’s economy is in full recovery mode.
“The economy is back on the path of growth.
Poverty has increased across the world under the impact of the pandemic.
In Brazil, it began to fall sharply,’’ the president said.
He said it is estimated that, by the end of 2022, four per cent of Brazilian families will be living on less than $1.90 a day – down from 5.1 per cent in 2019. In addition, both unemployment and inflation rates have fallen, and Brazil was the fourth largest destination for foreign direct investment in 2021. He also cited strides in food production, making Brazil one of the world’s largest food exporters, as well as achievements in the area of sustainable development, including ensuring that more than 80 per cent of the Amazon Forest remains untouched and modernizing the biofuel industry.
“We have the peace of mind of those who are on the right path.
The path to shared prosperity,” said Mr. Bolsonaro.
“Shared among Brazilians and, beyond that, shared with our neighbours and other partners around the world.
” At the same time, he noted that the sustainable development agenda is impacted in many ways by threats to international peace and security, including the ongoing conflict in Ukraine – the fallout of which can already be felt in the global prices of food, fuel and other raw materials.
“We support all efforts to reduce the economic impacts of this crisis.
But we do not believe that the best way is to adopt unilateral and selective sanctions, that are inconsistent with international law,” he stated.
“The solution to the conflict in Ukraine will only be achieved through negotiation and dialogue.
Dandeson Jaja, the Paramount Ruler of Opobo town in Rivers, has urged community leaders to develop sports so as to strengthen communal bond.
He made the appeal on Tuesday in Port Harcourt while unveiling the logo for the 5th Opobo Annual Marathon Race.Jaja said the marathon, which is slated for Jan. 5, will further expose the people’s cultural heritage and economy to potential investors and tourists.
Describing sports as a panacea for unity and development, he expressed satisfaction with the achievements recorded since inception of the race.
“Opobo Marathon is part of a deliberate plan towards promoting peace and showcasing Opobo kingdom to the larger society.
“Over the years, the exercise had attracted many tourists, while also showcasing our natural resources and economy to the people.
“We look forward to a more robust participation in the forthcoming fifth edition as we will provide necessary support for a successful actualisation of the exercise,’ Jaja said.
Speaking earlier at the event, Iyowuna Cookey, the team leader at the logo unveiling, thanked the ruler for supporting the programme.
“The programme has continued to promote tourism and unity amongst youths in the state,” he said.
Cookey assured on his team’s preparedness to make the race’s fifth edition more entertaining and hitch-free as it accommodates more athletes from across the country.
The All Progressives Congress (APC) in Sokoto State on Tuesday promised to apply issue based campaign to defeat the opponents at the forthcoming 2023 general elections.
Alhaji Ahmed Aliyu, the APC gubernatorial candidate in the state, made the statement while addressing the party’s stakeholders from Sokoto East Senatorial District.
According to him, he has the opportunity to serve Sokoto State for eight years as Commissioner and same to his opponents in the state.
“Politics is all about development, respect for public opinion as well welfare through providing good leadership and governance.
“ I am not ready to join issues nor attack personality but campaign on issues relevant to development, empowerment and welfare of the people in our state,” he said.
Aliyu, a former Deputy Governor of the state, pledged that if given the mandate , he would revive and make vibrant all human oriented legacies of his political leader and former Gov. Aliyu Wamakko.
He called on the APC stakeholders to sustain their commitment and woo more supporters in ensuring the success of the party at the forthcoming 2023 elections.
Earlier Alhaji Isa Sadiq-Achida, the state APC Chairman, said the purpose of the meeting was to appreciate the local government area leaders and further motivate them on the party’s struggle ahead of the 2023 general elections.
The News Agency of Nigeria reports that the district comprised eight local government areas of Gwadabawa, Illela, Rabah, Wurno, Gada, Goronyo, Sabon Birni and Isa.