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Analysts doubt ability to execute gas plan

Analysts doubt ability to execute gas plan

Operators in the
oil and gas sector have listed steps that must be taken for the ‘gas
revolution’ project launched by the federal government to make any
meaningful impact. They said the atmosphere for the smooth sail of the
project cannot be laid in the little time the government has left.

President Goodluck
Jonathan had last week launched the project which he said will result
in foreign direct investment of about N410 billion over the next three
years.

According to him,
the full implementation of the entire gas master-plan agenda will
result in about $25 billion worth of investments in gas processing,
transmission, and downstream gas utilisation projects.

Following the
launch, some local companies like Oando have been selected to build
central gas-processing facilities at an estimated cost of beteween $2 –
$3 billion.

However, Dragan
Trajkov, oil and gas sector specialist at Renaissance Capital, an
investment bank, said “While we think it is almost impossible for
anyone to build a $3 billion project by the end of 2012, we understand
that the numbers might be presented optimistically in the light of the
ongoing presidential campaign,” he said in a report published this week.

A few observers
dismissed the launch of the project at the middle of electioneering
campaigns as just another political stunt by the government.

Not so bleak

Despite the
illusions of the revolution, some industry watchers say the
‘revolution’, if well executed, would help stop gas flaring and develop
the nation’s domestic gas market.

“The gas revolution
launched by President Goodluck Jonathan holds the promise of inducing
further development and growth of Nigeria’s domestic gas market,” Fola
Onasanya, oil and gas expert at Ciuci, a consultancy firm, said.

“With the $3
billion Central Gas Processing Facility (CPF) by Nigerian Agip Oil
Company (NAOC) and Oando Nigeria Plc, a huge sink will be created for
storing and utilising natural gas resources which otherwise could have
been flared, thus providing a boost to the economy both in terms of
value generation and job creation,” Mr. Onasanya said.

According to him,
so also will the Memorandum of Understanding (MoU) with Saudi Arabia’s
Xenel Industries Limited to construct a proposed 1.3 million tonnes/p.a
Petrochemical Plant in Warri, Delta State, along with five fertiliser
blending factories by Nagarjuna and Chevron.

“However, for these
moves to deliver their optimal gains and attract foreign investments,
key areas articulated in the Gas Master Plan need to be addressed by
strategic decisions and actions of the government,” Mr. Onasanya
further said.

Mr. Onasanya said
these include the issues relating to the gas pricing policy – which
provides a framework for the minimum price that any purchaser of gas
can be charged.

“This needs to be
tackled in the fair interest of all stakeholders (including the IOCs),
the Domestic Reserves Obligation – which aims to ensure the
availability of gas for domestic consumption in order to stimulate
economic growth – needs to be actualised and the Gas Infrastructure
Blueprint – which provides for the establishment of a network of gas
hubs which would ultimately reduce the cost of supplying gas – should
be implemented in full gear,” he said.

“Overall, the ‘Gas revolution’ is not over-ambitious, provided the government follows through with strategic actions,” he added.

However, a top
official of one of the major oil companies operating in the country,
who would not want to be quoted because he was not authorised to speak,
described the project as rather “ambitious”, adding, “It is a huge
project that would require huge foreign investment because it is
obvious that the government would not be able to do this alone.”

According to him,
there would be need for billions of dollars to cater for professionals
and the investment would be required for the plants that would be
required to carry out the processing and transmission of the gas. This,
he observed, cannot be done in a short term.

Nigeria’s oil
assets have been exploited for more than 50 years. However, while oil
companies have profited from the resource, local communities in the oil
rich but conflict struck areas live with the daily pollution caused by
non-stop gas flaring.

The country has
lost billions of naira on gas flaring, a process of burning off into
the atmosphere, surplus combustible vapours from an oil well, either as
a means of disposal or as a security measure to relieve well pressure.

Inability to solve
the lingering problem has been increasingly recognised as a huge
environmental problem in the Niger Delta region of the nation.

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Tullow oil in $2.9b Uganda deal

Tullow oil in $2.9b Uganda deal

British-based oil
explorer, Tullow Oil, has agreed to sell stakes in its Ugandan
operations to France’s Total and China’s CNOOC for $2.9 billion,
bringing in big partners to develop the oil fields.

Tullow said on
Wednesday it agreed to sell each company a one third interest in fields
around Lake Albert, which Tullow estimates to contain 1 billion barrels
of oil, and potentially as much as 3.5 billion barrels. Tullow will
retain a third share.

The deal leaves
unresolved a massive tax dispute with the government. Uganda’s energy
minister, Hilary Onek, said the country would receive a total of $472
million in taxes from the farm down deal.

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Egypt pound trades at weakest in years

Egypt pound trades at weakest in years

The Egyptian pound
weakened to a fresh six-year low to the dollar on Wednesday, as the
country’s poor economic outlook and political uncertainty prompted
investors to sell the currency.

It later regained some ground after investors bought pounds to invest in a stock market rally, bankers said.

The pound traded at
5.9640 to the dollar after hitting 5.9765 earlier in the day, a the
lowest since January 2005. It was down 0.29 per cent from Tuesday’s
close.

“The pound has weakened mainly because foreigners are exiting a
market hit by political instability,” said a Cairo-based trader. “Egypt
is getting downgraded, and for foreign investors, this is negative.”

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Heineken bids for two Ethiopian breweries

Heineken bids for two Ethiopian breweries

Heineken NV, the
world’s third-largest brewer, said it had bid a total of $163 million
for two breweries in Ethiopia, as it expands in the fast-growing
African market.

Heineken has
clinched deals in Nigeria, Rwanda, and South Africa in recent months,
eyeing rising incomes in Africa’s emerging markets.

“With its large,
growing population, political stability, improving economy and rapidly
growing beer market, Ethiopia is a promising, long-term growth market
for Heineken in Africa,” Heineken said in a statement emailed to
ANP-Reuters.

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Monument Bank enjoys N6b profit

Monument Bank enjoys N6b profit

Nigeria’s First
City Monument Bank said on Wednesday its pre-tax profit rose to 9.02
billion naira ($58 million) in 2010 from 856.6 million the previous
year, and declared a 0.35 naira dividend per share.

Gross earnings rose
to 62.67 billion naira from 35.79 billion naira in 2009, the bank said
in a filing with the Nigerian Stock Exchange.

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How the Eagles should play

How the Eagles should play

Under Samson Siasia there seems to be a revival of wing play by the Super Eagles and that means that the transition from midfield to attack will be faster and more direct.

The likes of Ahmed Musa and Victor Moses are very fast and skillful and are able to attack down both wings. There is also Osaze Odemwingie, who can also do the job of a winger.

Chukwuma Akuneto, a former Nigerian international and presently first team coach at English league outfit, FC United believes, there are no easy games in today’s football.

Akuneto proposes that, the Eagles have to monopolise ball possession.

“Repossession of the ball will be very important and we need to play high and wide – either with three strikers or two wingers.

“The Eagles have an array of players who are exceptional going forward so we need to win possession back and let them go and destroy the opposition. What this means is that we can’t wait for them to lose possession but we go get the ball or make them lose it by applying pressure.”

He also added that the defensive players must push high up the pitch to congest the play in the Ethiopian half.

“We must press with a high line in front – the attackers have to put pressure on their defenders so we can win the ball back closer to their goal or they decide to just launch the ball into our half of the pitch thereby conceding possession,” Akuneto added.

But there are dangers of pressing that high like Barcelona does and he advises that the Super Eagles defenders must concentrate a hundred per cent to ward off counter attacks, which may be the strategy of the East Africans.

“The Concentration of our defenders, including the defensive midfielder and goalkeeper becomes very crucial in this game because we don’t want to be caught out by the long ball over the top or by a counter attack.

“We want to win the ball back close to their goal and allow our creative and penetrative players go do the business and more importantly we want to make them feel in constant danger like a team under constant threat and attack – a sort of psychological battering,” Akuneto concluded.

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‘UNICEF destroyed everything for me’

‘UNICEF destroyed everything for me’

Johnny as he is known by friends and fans was a big football star. As a Super Eagle beside Okocha, Oliseh and the rest, he scored goals. For years he was one of the models for the Nigerian youth and most likely also for German teenagers, as he spent most of his career, playing in the Bundesliga scoring over a hundred goals.

Akpoborie’s fortunes changed for the worse in 2001, when a ship (MV Etireno) run by his family was said to be carrying children into slavery in Gabon when it was stopped in Benin Republic. The BBC would eventually describe the former star as “Mr Unlucky” in an article after the incident.

Now, almost ten years after, Akpoborie is granting an interview for the first since the incident, which he admits literally ended his career. This interview is coming on the heels of a documentary on the incident titled ‘Das Schiff des Torjäger’ (The Goalgetter’s Ship) and directed by Swiss Heidi Speconga. It tells the story of the “MV Etireno”, its passengers and owner and is attempting to shed light on a saga that has left many questions unanswered.

NEXTSports spoke with Akpoborie about his fate, the abrupt end of his career, his grouse with UNICEF as well as indemnity claims and his overall struggle for justice.

It’s almost ten years since you were alleged to own a child slave trade ship, an allegation that changed your life dramatically. How did you feel when you first heard about it?

When I consider it now, I can only laugh at it. But at the time it was horrible for me as someone made up an untrue story and used my name for publicity but I am in contact with my lawyers to institute legal review.

UNICEF reported approximately 250 child slaves that were supposed to be carried on board of your ship and cast a slur at you as the owner. You said someone used your name to gain international publicity. How did this affect your personal and professional life?

Oh well, not to put too fine a point on it, it destroyed everything for me. Even today when walking the streets in Lagos, people would shout at me saying: “Look, that’s the child slave trader from thence, that’s him”. But if one know’s the whole story and the details of the unproven allegations from UNICEF, then one can imagine how it affected my life. If you had asked to interview me two years after this incident, I would have declined right away, but now I am glad to be able to talk about it. I just cannot abandon this, that what I had built up in twenty years got destroyed in fifteen minutes. In the documentary one can see that UNICEF had not just committed a blunder, no they had been aware of it and knew full well what they had done and eventually hazarded the consequences. If one had asked me previously to tout for UNICEF for the child slave topic I would have agreed, but now it will get very expensive for them.

From your point of view, UNICEF used your name to draw international attention to the child-slave-issue. How do you evaluate this problem against the backdrop of your story?

When talking of child slaves, one has to define what it is in order to understand it in detail.

There are so many different interpretations in Africa. For instance in Benin one might find children that grew up and worked for their uncle or aunt in order to support their parents back home financially. If one talks about children being sold on a market, it’s new to me. I have been across Africa, but haven’t found any evidence that this is true. One shall show those children to me, then I’ll believe it, but now I don’t believe anything.

As you are planning to go to court, what exactly are you accusing UNICEF of?

After this story we couldn’t use both ships any more, our commercial activity was destroyed as the ships were eventually demolished. Basically, we suddenly couldn’t do anything as people thought we were actually responsible. I couldn’t play football any more. My life had been destroyed.

Last December, the film “Das Schiff des Torjäger (The Goalgetter’s Ship) by Swiss director Heidi Speconga was released. What do you link to it and what does it mean to you personally as you featured?

At the beginning I wanted to run away from it; I didn’t want to talk to them. But later we met in Switzerland and I gave them the go ahead. The information that I gained from the research within the scope of the documentary were very siginificant to me as UNICEF didn’t give me the opportunity to talk to the children who were on board the ship at the time. It also gave me courage, because now I had something to prove the falsity of UNICEF’s statements.

A 2001 CNN report tells another story of the events that differs from that of UNICEF. One can read about contradictory assertions regarding the incident. In this context, they speak of 43 children that were found aboard the MV Etireno and according to UNICEF and Tierres des Hommes were destined for slavery. How can you explain this?

This is just a deliberate misrepresentation. Not a single child aboard destined to be sold, not even were they alone. All were accompanied by parents or other companions on their way to Gabon. That had also been confirmed by the children questioned in the documentary. We, as the company didn’t even sell tickets to them, they bought it somewhere else. I don’t really know what UNICEF talks about. It is a mistake that needs to be corrected in court.

Why exactly should anyone be interested in a misrepresentation of facts?

I honestly don’t know. We have all documents of permit from the departure and the arrival of the ship. I have done my own researches in Gabon, Lome, and Benin and talked to the people on the spot and to UNICEF officials. How can it be that UNICEF in Benin saw 43 children aboard and UNICEF in Gabon claims the opposite? If UNICEF was right, the ship wouldn’t have gotten permit to departure in Gabon at the first place.

So you call it a sort of smear campaign?

Absolutely. We got the stories, facts and also several eye-witnesses.

For some years you have been working as a FIFA licensed agent in Nigeria and Africa. What are you doing exactly and how would you assess the opportunities for Nigerian talent to become professionals?

It’s just all about football. Scouting talent is always hard. One is always on the run but it gave me the chance to think things over and it eventually gave me the opportunity to continue working in the football branch after the incident of ten years ago.

It’s fun for me to see the boys play. But like I said, it’s very hard to scout them. As Nigeria is a big country, fewer good players live in the cities but rather in rural areas. That makes it very difficult to reach them. Also corruption is a barrier.

Could you be more specific about that?

The people playing in the national team are people who have money to pay, to gain the attention of the scouts, and that’s why they are in the public. The right people live in the villages and that’s what I am working on currently, to provide young talented children who normally wouldn’t have a chance in Africa with the opportunity of a future to return later to help their families just like me.

Is corruption also a topic within the Nigerian national team?

Well, I witnessed some trifles when I was playing. But I only say thereto; that I hope it’s not true. It’s of course a problem but one has to choose the right coach for the national team otherwise it will be an ongoing issue.

Can you be more specific about the mentioned incidents?

No, for the moment I have to keep it to myself but I always believed that it is better to have a European coach. That’s very important for us.

Footballers in Nigeria and Africa often make false age-claims to carve out careers in clubs and the national team. As a former footballer please give a professional opinion on that and give an idea how to solve the problem.

I really have to admit it’s a difficult topic. Seen from the Nigerian perspective it breaks our national team as the right people cannot get the chance of playing. I was in school when I played for the U-17 team. Now years later there are still some people who played 4-5 years in the Nigerian League and returned to play for the U-17 again. It is just ridiculous. That breaks our football. I don’t have any idea how to solve the problem but to provide a future for football one has to come up with solution.

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POINT BLANK: When is football coming home?

POINT BLANK: When is football coming home?

In the evening hours, at the National Stadium in Abuja, Samson Siasia, the Super Eagles manager, will lead his players out in a crucial 2012 Africa Cup of Nations qualifier against Ethiopia, his first competitive match since taking charge of the team in December.

Unsurprisingly, the Eagles’ performance in that game will be the topic of choice for football’s chattering classes, considering their parlous state since last year’s World Cup disaster and the country’s desperate desire to see the team return to the flamboyant form of yesteryear.

But besides hoping, of course, that they earn the needed win, the team’s ‘exile’ to that overpriced concrete contraption called a stadium in Abuja, a place without a football culture, ethos and soul, evokes deep and bitter feelings in me.

Any genuine connoisseur of our game knows the National Stadium in Surulere, Lagos, criminally neglected by our federal government – as its decrepit, ugly form hauntingly reminds us – is our real theatre of dreams and Nigerian football’s spiritual home.

Who can forget the pleasurable and anguished moments on its hallowed but now patchy, miserable looking turf?

It staged our first Africa Cup of Nations triumph in 1980, when, to the delight of over 60,000 fans, Green Eagles captain Christian Chukwu proudly walked up to the arena’s state box to lift the Cup of Unity.

And who can forget August 12, 1989, when, amongst thousands of other fans in the terraces, I unknowingly watched midfielder Samuel Okwaraji convulse, collapse and die on its turf, in that unforgettable, tragic 1990 World Cup qualifier against Angola.

Or how Nigeria’s painful failure to win the 2000 Nations Cup final – after Victor Ikpeba’s penalty goal against Cameroun that never was – made captain Sunday Oliseh weep like a newborn baby?

“I cannot begin to recall all the important moments of my life, and in the lives of many great footballers, that took place in that stadium. That the ground is in its current state leaves me with nothing to say,” says former Nigeria captain Segun Odegbami.

And the dilapidated state of the stadium is made all the more poignant by its healthier, smaller next door neighbour – Teslim Balogun Stadium, the only decent football ground in Nigeria’s largest city.

After the Eagles’ unbelievable eight-year absence from the city, the recent friendly game against Sierra Leone, at the Balogun ground, served as a timely reminder, at least to me, of how the national team’s return to Lagos is the key to reviving its dwindling fortunes.

Given a bad rap

Rather than mollycoddle the present set of Eagles, some of whom are risk-averse and have to be pampered into doing their very minimum for the country – and hoping that they can get away with it in Abuja, where the crowd is quite temperate, putting the players feet to the searing Lagos fire will certainly improve the team’s work ethic.

Given a bad rap by previous FAs for their refusal to ‘blindly’ support the national team whilst playing at Sports City, as the National Stadium is nicknamed, Lagos fans are, unfairly, being given the proverbial bad name in order to ‘hang’ them.

The unadorned truth is that whilst a bit unruly at times, Lagos fans demand top draw performances from those wearing the colours of our country and are intolerant of sloppiness or an obvious lack of commitment. Lagos fans, at least most of them, can tell the difference between a national team that loses gallantly, after giving everything they’ve got and one that just couldn’t be bothered to deliver.

Why should their loyalty and support of the Super Eagles not come at the price of excellence and diligence?

The nauseating state of the National Stadium continues to offer an excuse for the Nigerian Football Federation, which points to the artificial turf at Teslim Balogun, admittedly not as good as a natural surface, as a reason not to stage competitive games in Lagos.

But until the real national stadium and Lagos fans – a microcosm of Nigeria’s various ethnic groups – are restored to their rightful pride of place, our national team may remain in the wilderness for years to come. Football just has to come home, if we are to prosper.

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Siasia plans for Ethiopian altitude

Siasia plans for Ethiopian altitude

Super Eagles coach, Samson Siasia is already looking at ways of preparing his team for their next 2012 Africa Cup of Nations (AFCON) qualifier against Ethiopia. Siasia is particularly focused on getting the Eagles ready to cope with the altitude of the East African nation.

The match comes up on June 5 in the Ethiopian capital city of Addis Ababa with the Super Eagles in desperate need of a win over the Walya Antelopes so as to keep pace with Group B leaders Guinea, who are expected to, same day, win their AFCON qualifier against Madagascar in Conakry.

But Addis Ababa is situated 2,355 metres (7,726 feet) above sea level which is likely going to affect the performance of players, especially those from low altitude areas owing to the decrease in atmospheric pressure.

Playing at high altitude, where the oxygen level is considerably lower, is often a strategy deployed by teams so as to achieve the desired result against oftentimes stronger opponents with one of the most celebrated instances being the 6-0 demolition of Argentina by Bolivia during one of the qualifying matches for the 2010 FIFA World Cup.

Ethiopia have, however, not had that much luck while playing at home as their last AFCON qualifier in Addis Ababa ended in a 4-1 defeat to Guinea. But if the words of the coach of the Walya Antelopes, Iffy Onuora are to be taken seriously, then the Super Eagles will have to be at their best in order emerge victorious on June 5.

Speaking at the end of last Sunday’s 4-0 loss to the Super Eagles, Onuora expressed optimism over his side’s chances of springing a surprise against the Super Eagles due to the city’s altitude.

A loss to Ethiopia, and a Guinean victory over Madagascar will virtually end the Super Eagles’ chances of qualifying for the 2012 AFCON to be co-hosted by Equatorial Guinea and Gabon, and Siasia isn’t quite keen on having the unenviable record of not qualifying the Super Eagles for the continent’s premier tournament.

The last coach to do that was Christopher Udemezue who failed to secure qualification for the 1986 tournament in Egypt.

Disastrous

“That will be disastrous,” remarked Siasia in an interview with NEXT. “Nigerians will be mad if we don’t qualify especially after placing so much faith in us. So we just have to be very prepared for that game and the ones after that.

“For the Ethiopia game, because of the high altitude, we can only do two things. We either go there a few days before the game and try to camp, or we get there on the day of the game.” The human body can adapt to high altitude by breathing faster, having a higher heart rate, as well as an adjustment in its blood chemistry, but it can take days or weeks to adapt.

Arriving hours before kickoff however reduces the effect on the body and is a strategy that has been deployed time after time in international football.

“That’s what we will do but we still have to talk to the federation and see how we can work out the logistics and every other thing related to the game,” he continued.

“It is a very important game and it is equally important to know all the details and how to go about it.”

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Mikel on Hamburg’s radar

Mikel on Hamburg’s radar

Nigerian midfielder John Obi Mikel’s days at Chelsea appears to be coming to an end as he has been linked with a move to German Bundesliga outfit Hamburg.

Frank Arnesen, Chelsea’s sporting director, will be joining the German side in June and reports in the German media suggests that Mikel is among a shortlist of players the Dane intends to lure to Hamburg.

While Germany’s biggest sports tabloid, Bild, reported that Arnesen is chasing after Mikel and young Holland defender Jeffrey Bruma, a report on a German based site (www.hamburgerabendblatt.de) stated that the former Denmark international is also keen on securing the services of Salomon Kalou and Brazilian defender Alex.

Mikel, who featured for the Super Eagles in last night’s international friendly against Kenya, hasn’t enjoyed the best of times at Chelsea this season especially since returning from a knee injury in December.

The 23-year-old Nigerian was a regular in Chelsea’s double-winning team of last season but has played only seven of the London side’s 17 games since his making his return from injury.

British tabloid, News of the World, recently reported that Mikel is upset at his lack of first team starts and is set to demand showdown talks with Chelsea manager Carlo Ancelotti over his future.

The £25million-rated star’s contract runs until 2013 but he will have a list of top clubs battling for his signature if he does go – with Manchester United and Real Madrid at the forefront.

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