African countries supply 12% world’s oil – PwC

… As Nigeria, Libya, Algeria and Egypt produce 91% natural gas
PrincewaterhouseCopper yesterday said Africa currently supplies about 12 per cent of the world’s oil, boasting significant untapped reserves estimated at 8 per cent of the world’s proven reserves.
The report said the continent has natural gas reserves of 513 trillion cubic feet (Tcf) with 91 per cent of the annual gas production of 7.1Tcf coming from Nigeria, Libya, Algeria and Egypt.
According to a review issued by PwC, the oil and gas industry is grappling with the severe stresses of a challenging economic and political environment on the African continent fueled by poor physical infrastructure, corruption, an uncertain regulatory framework, and a lack of skills.
PwC Africa Oil & Gas Industry Leader and Deputy Country Senior Partner, Nigeria, Uyi Akpata, said: “The challenges facing oil and gas companies operating in Africa are diverse and numerous. Political interference, uncertainty and delays in passing laws, energy policies and regulations are stifling growth, development and investment in a number of countries around Africa.”
He added: “PwC’s ‘Africa oil and gas review’ analyses what has happened in the last 12 months in the oil and gas industry and in the major African markets.
The survey draws upon the valuable experience and views of industry players in Africa, including international oil companies operating on the continent, national oil companies, service companies, independent oil organisations and industry commentators, to provide insight into the latest developments affecting the industry.
The review shows that the oil and gas industry in Africa is poised for momentous growth due to recent large gas finds in East Africa. “Large gas finds in Mozambique and Tanzania, and oil potential in Uganda and Kenya, have sparked a flurry of exploration activity across Africa,” Akpata added.
Speaking on developing the business, he said that the major challenges identified by organisations in the oil and gas industry have remained largely unchanged with the top four issues in 2010 continuing to remain the biggest challenges in 2012. Adding that poor infrastructure and an uncertain regulatory framework were the two top challenges identified by the new emerging players/markets, particularly in Nigeria, Ghana, Kenya, Tanzania and Uganda.
In Nigeria, the Petroleum Industry Bill (PIB) continues to face opposition from oil companies and politicians, and is likely to require further changes.

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Eagles attack worries Keshi

Kunle Solaja reporting live from Brasil

It was a mixed feeling for Coach Stephen Keshi yesterday after his boys beat Tahiti 6-1 to set a possible competition record. He was happy with the final result and the competitive edge it has given the Super Eagles, but was quick to add that his attackers were wasteful, a situation that worries him.
He was also delighted that none of the players was injured. “That is a big relief for me”, he remarked, saying that was what he was concerned about before the game, having lost four vital players of his African Cup winning side to injury.

“That would have compounded my headache as I know that the competition is now going to get tougher”. Despite rejoicing over the score line, he expressed worry over the wasted chances that the strikers could not convert. “The valuable chances they lost can prove crucial in the long run, considering that Spain and Uruguay will also still play Tahiti and score many goals.

“Worse still, they allowed Tahiti to pull a goal back and that boosted their morale and confidence as they dominated the game momentarily for about five minutes. “If the trend continues, we will be in great difficulty soon”. He said he would now focus on strategy that may see the Super Eagles eliminate Uruguay tomorrow, so as to ease tension when the Super Eagles face Spain on the last match day of the group stage.

He said even though he was not expecting the thunderous booing from the Brazilian crowd, he could not believe that it was owing to the dented image of the Super Eagles over the bonus crisis. “It is common for the weaker side to be supported, so that the standard of play can rise”, he said. “The booing did not have any impact on my players”, he remarked.

While Enyeama on Sunday said the issue of match bonus had not been resolved, Keshi said the issue was over and almost had an unsettling impact on the team. Monday’s win coincided with the defeat of another Oceania team by an African side in the Confederations Cup four years ago.

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20 govs shun Jang’s NGF

A faction of the Nigeria Governors’ Forum (NGF), under the leadership of Plateau State Governor Jonah Jang yesterday met in Abuja, despite the protests from the camp of Governor Rotimi Amaechi.
Amaechi, who is the Rivers State governor, had on Sunday cautioned Governor Jang against calling the meeting of the NGF as the former claimed that he was the duly elected chairman of the Forum of 36 states governors in the country.

But at the meeting, which took place at a parallel secretariat located in Maitama area of Abuja, the Jang faction had only 16 governors in attendance. The same number of governors attended the commissioning of the secretariat last month.
In attendance at the meeting were Jonah Jang, Olusegun Mimiko, Sullivan Chime, Theodore Orji, Martins Elechi and Idris Wada, governors of Plateau, Ondo, Enugu, Abia and Ebonyi States. Others were; Peter Obi, Ibrahim Shema, Emmanuel Uduaghan, Godswill Akpabio, Isa Yuguda, Seriake Dickson and Liyel Imoke, governors of Anambra, Katsina, Delta, Akwa Ibom, Bauchi, Bayelsa and Cross Rivers states.
Benue State Governor Gabriel Suswam was represented by his deputy, Steve Lawani, while Taraba State acting governor, Umar Garba was also in attendance. Daily Sun checks revealed that invitation was sent to all the 36 states governors for a crucial meeting to resolve grey areas of about N60 billion from the Federation Account owed the governors by the Federal Government.
State Commissioners for Finance had last Thursday boycotted the Federal Allocation Account Committee (FAAC) meeting to protest the unpaid arrears.

Further investigation by Daily Sun revealed that some of the governors loyal to Governor Amaechi faction of the NGF arrived Abuja last night but shunned the NGF meeting called by Jang.
A media aide to one of the governors in Amaechi’s camp told Daily Sun that his boss and those loyal to him (Amaechi) were in Abuja last night but would only show up at the Presidential Villa for the meeting with President Goodluck Jonathan at an enlarged meeting of all governors to discuss the impasse arising from the aborted FAAC meeting.

But speaking with newsmen at the end of the meeting, which was concluded at 9.30pm, Governor Jang told newsmen that the poor attendance was a non-issue, as he needed only 12 governors to form a quorum. “Some of the governors have traveled out of the country.

You cannot stop governors, because of NGF meeting. I need only 12 to form quorum.” Asked to react to allegation of impersonation by Governor Amaechi, the Plateau State helmsman told newsmen curtly: “What is the meaning of impersonation?
Am I saying that I am the Governor of Rivers State?” The governors later left for Presidential Villa for a meeting with President Jonathan.

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Boko Haram kills 22 in Maiduguri

No fewer than 22 people including students and fishermen might have died in revenge attack on a school and residents in Maiduguri by Boko Haram insurgents.

Some gunmen believed to be Boko Haram members were said to have attacked fishermen, local tea seller and some residents at Alau River near Maiduguri, killing about 13 people. Sources said the gunmen claimed they were on a revenge mission against some group of youths, who had been handing them over to security agencies in the area.

Also, the insurgents were reported to have attacked a private school in Maiduguri, where students that were writing their National Examination Council (NECO). “Nine of the students were shot dead by the insurgents while many of them were injured,” a resident claimed.
The gunmen were said to have stormed Ansaruden Private Primary and Secondary School at Jajeri, a Maiduguri suburb and opened fire on the unsuspecting students shortly after the commencement of examination.
Some parents of the deceased expressed shock over the killings and appealed to the federal and state governments to address the security situation in the area. Sources at the State Specialist Hospital, Maiduguri hinted that over 20 corpses with gunshots were brought to the hospital.
The Boko Haram had weekend warned of its readiness to revenge continued arrest of its members by the youths in the metropolis, famously called “civilian JTF.”

“A full blown war have been declare against Borno and Yobe youths,” Abu Zinnira, the Boko Haram spokesman, who authored the statement said they would launch manhunt of their hunters (youths).
“We have established that youths in Borno and Yobe states are now against our course. They have connived with security operatives and are actively supporting the government of Nigeria in its war against us. We have also resolved to fight back, “ he warned, a threat which the youths insisted would not deterred them from assisting the security agencies to bring peace to the area.