Business
Angola Leads In Oil Production
Angola has overtaken Nigeria as Africa’s biggest oil producer as militant attacks have crippled production in the oil fidds of the Niger Dealt.
Nigerian output has been hit by dozens of attacks on oil production facilities, which have increased intensity this year and removed at least 300,000 barrels per day (BPD) of crude oil capacity since January.
Angola, increasingly politically stable, safer and more attractive to foreign oil companies, has slowly increased its output and has the potential for much greater production over the next few years, on dominance consolidation.
“If nothing improves in Nigeria, Angola will almost certainly overtake it Nigerian Production is going down and down and they are failing to bring their internal difficulties under control” analyst noted.
Nigerian oil output has plummeted from 2.4 million bpd just before the militant attacks started four years ago and over the last year has averaged around 1.83 million bpd, compared with a little under 1.80 million for Angola.
The gap between the two members of the organisation of petroleum exporting countries (OPEC) has narrowed this year and Angola edged ahead of its West Africa rival last month.
Last month Angola punped 1.82 million bpd of crude oil, compared to 1.73 million from Nigeria, 1.53 million from Libya and 1.24 million from Algeria, Africa’s other major producers.
Angola’s oil industry has the potential for more growth in the next year and analysts expect fierce competition for new ventures when new licensing rounds take place, likely next year.
However, the African energy analyst, at HIS Global Insight, Tom Pearmain, has noted that there will be a “huge interest when they do hold a new licensing round.”
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Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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