Roche enters partnership with Jhpiego to improve cervical and breast cancer outcomes for women in resource-constrained countries

  • Roche and Jhpiego are supporting the implementation of sustainable cervical and breast cancer programs through a new partnership designed to meet the needs of underserved women and patients in low-resource settings, where the disease burden is highest.
  • The collaboration aims to increase access to quality screening, early detection, diagnostics and treatment in order to help prevent or reduce the morbidity and mortality of women facing breast or cervical cancer.
  • In collaboration with the Government of Ghana, the partnership will begin with an initiative in Ghana to foster an integrated, resource-stratified, women’s cancer care continuum in support of the Ghana National Strategy for Cancer Control.

ACCRA, Ghana, Sept. 15, 2022 /PRNewswire/ — Roche today announced that it has signed a Memorandum of Understanding (MoU) with the Johns Hopkins Program for International Education in Gynecology and Obstetrics (Jhpiego) to improve cervical and breast cancer outcomes in resource-constrained countries.

Breast cancer is the most diagnosed cancer and the cause of the most cancer-related deaths in women2. Similarly, cervical cancer is the fourth most common cancer in women, with more than 600,000 women diagnosed with the disease in 2020. Preventable through early HPV screening, cervical cancer is the number one cause of female cancer-related deaths in sub-Saharan Africa.

“In resource-constrained countries, mortality rates are higher as women are often diagnosed with breast and cervical cancer at a more advanced stage, when a positive outcome is less likely,” said Dr. Stefan Seliger, Head Global Access & Policy at Roche Diagnostics. “This partnership will use the capabilities and expertise from both Roche and Jhpiego to identify and enhance ways to improve women’s health by removing barriers to early detection and treatment.”

In the new partnership, Roche and Jhpiego will prioritise low- and middle-income countries in Africa and Asia, where the burden of breast and cervical cancers is highest. The initiative will take a multi-pronged approach to increase access to diagnostics and treatment. This will include offering technical and clinical guidance to local providers, and sharing evidence with local decision makers to support policy adoption and financing for education, screening and patient care programs. The partnership will also support country programs to implement the World Health Organization’s (WHO) guidelines for cervical screening, including the recommendation for an HPV DNA-based test as the preferred method4, and the WHO’s Global Breast Cancer Initiative to strengthen systems for detecting, diagnosing and treating breast cancer.

“We firmly believe that every woman should be empowered with the knowledge to understand the symptoms and risk of women’s cancers and have access to quality screening, detection, diagnosis and treatment. We are excited to partner with Roche and advance our complementary efforts towards reducing preventable deaths from women’s cancers,” said Dr. Leslie Mancuso, President and CEO of Jhpiego.

The first initiative supported by the partnership will begin in Ghana in close collaboration with the Government of Ghana and relevant stakeholders to foster an integrated, resource-stratified women’s cancer care continuum in support of the Ghana National Strategy for Cancer Control.

Cancer is one of the most significant public health challenges in Ghana, and of all cancers, breast cancer is the most pervasive, accounting for more than 32 percent of all new cancer cases in Ghanian women in 20207. Women in Ghana face multiple challenges to accessing quality breast and cervical health care during their patient journey, including health, mental, social and financial hurdles. Once symptomatic women encounter the health system, the disease is often already in an advanced stage. According to the Ghana National Strategy for Cancer Control 2012-2016, almost seven out of 10 women diagnosed with breast cancer each year in Ghana will die from their disease. Roche and Jhpiego plan to support the Ministry of Health’s efforts through an integrated and scalable model that improves access to screening, early detection and treatment of women’s cancers.

The partnership is also exploring additional collaborations in Asia, such as in India and the Philippines, where breast and cervical cancer are the most common cancers among women.8,9

About Roche
Founded in 1896 in Basel, Switzerland, as one of the first industrial manufacturers of branded medicines, Roche has grown into the world’s largest biotechnology company and the global leader in in-vitro diagnostics. The company pursues scientific excellence to discover and develop medicines and diagnostics for improving and saving the lives of people around the world. We are a pioneer in personalised healthcare and want to further transform how healthcare is delivered to have an even greater impact. To provide the best care for each person we partner with many stakeholders and combine our strengths in Diagnostics and Pharma with data insights from the clinical practice.

In recognising our endeavor to pursue a long-term perspective in all we do, Roche has been named one of the most sustainable companies in the pharmaceuticals industry by the Dow Jones Sustainability Indices for the thirteenth consecutive year. This distinction also reflects our efforts to improve access to healthcare together with local partners in every country we work.

Genentech, in the United States, is a wholly owned member of the Roche Group. Roche is the majority shareholder in Chugai Pharmaceutical, Japan.

For more information, please visit www.roche.com.

All trademarks used or mentioned in this release are protected by law.

References
[1] IARC Globocan 2020
[2] https://cdn.who.int/media/docs/default-source/documents/health-topics/cancer/the-global-breast-cancer-initiative.pdf?sfvrsn=b1192ada_18
[3] www.who.int/news-room/fact-sheets/detail/human-papillomavirus-(hpv)-and-cervical-cancer
[4] https://www.who.int/news/item/06-07-2021-new-recommendations-for-screening-and-treatment-to-prevent-cervical-cancer
[5] https://www.unaids.org/en/cervical_cancer
[6] www.who.int/news/item/08-03-2021-new-global-breast-cancer-initiative-highlights-renewed-commitment-toimprove-Survival
[7] https://gco.iarc.fr/today/data/factsheets/populations/288-ghana-fact-sheets.pdf
[8] https://ascopubs.org/doi/10.1200/GO.20.00122
[9] https://pubmed.ncbi.nlm.nih.gov/35959499/

Huawei Cloud Pledges to Build Global Startup Ecosystem, to Enable 10,000 High-Potential Startups in Three Years

SHENZHEN, China, Sept. 15, 2022 /PRNewswire/ — Today, at the Huawei Cloud Global Startup Founders Summit held in Shenzhen, Huawei Cloud announced their commitment to building a global startup ecosystem and three key initiatives to accelerate startup growth: an innovative cloud platform, startup acceleration programs, and business resources. Joined by several veteran venture capitalists, they also announced the Huawei Cloud Accelerator, a program aiming at empowering startups at all stages of their lifecycles.

Mr. Zhang Ping'an announcing Huawei Cloud's global startup ecosystem strategy

In his speech at the summit, Mr. Zhang Ping’an, Huawei Senior Vice President and Huawei Cloud CEO, said that Huawei Cloud firmly believes in the power of startups to change the world, and that Huawei Cloud is ready to share with startups Huawei’s over 30 years of experience in technology and innovation, and to build a robust startup ecosystem powered by Huawei’s global cloud infrastructure and extensive Technology-as-a-Service offerings, with the purpose of empowering startups and accelerating their growth on the cloud.

Huawei Cloud stresses driving innovation with technology and accelerating startup growth with a strong global ecosystem. This is why they have announced plans to step up efforts in ecosystem building along with three key initiatives — an innovative cloud platform, startup acceleration programs, and business resources. Over the next three years, Huawei plans to help 10,000 high-potential startups worldwide to accelerate innovation and growth on the Huawei cloud platform and in the greater ecosystem.

At the summit, Mr. Zhang Ping’an, joined by several veteran venture capitalists, officially announced Huawei Cloud Accelerator. This program currently focuses on six key areas: enterprise services/SaaS, AI, biotech, fintech, smart energy/carbon neutrality, and industrial digitization, but will later be expanded to cover more industries and domains. It offers an Early-stage Startup Bootcamp and an Industry-themed Bootcamp to meet the needs of startups at different stages of their lifecycle.

Going forward, Huawei Cloud is committed to working with partners and customers to build an inclusive, vibrant startup ecosystem, which is expected to become a powerful engine for digital transformation.

Photo – https://mma.prnewswire.com/media/1899699/image_1.jpg

Madison Realty Capital Originates $85 Million Loan for Luxury Condominiums on Fisher Island in Miami, Florida

Loan Facilitates Acquisition of Last Remaining Development Site on Exclusive Island

NEW YORK, Sept. 15, 2022 (GLOBE NEWSWIRE) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced that it has provided an $85 million loan to The Related Group (“Related”), BH Group, Teddy Sagi’s Globe Invest, and Wanxiang Group Corporation for the acquisition and pre-development of a 6.51-acre land parcel with approved plans for the development of a luxury condominium project on Fisher Island in Miami Beach, Florida.

The parcel is located at 6 Fisher Island Drive at the last remaining condo development site on the 216-acre private island, which is accessible only by ferry, boat, or helicopter and offers significant privacy for its 800 residents. The condominiums will rise ten stories and consist of 51 units across a mix of three- to five-bedroom residences, three villas and two penthouses with premium finishes and appliances. The property will include 450 feet of private oceanfront and valet parking for 169 spaces as well as 7 private two-car garages and 93 golf cart spaces. Residents will have access to premier amenities as well as membership to the Fisher Island Club, which offers beaches, seaside golfing, tennis courts and restaurants.

Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital, said, “Fisher Island is one of the most exclusive residential locations in the country. Owing to the scarcity of land, limited supply of new residences, and significant development timeline, property values on Fisher Island have performed through market cycles. We are pleased to provide financing for the acquisition and predevelopment of such a rare development site and to complete our second transaction with Related and BH Group in such a short period of time.”

The loan is Madison Realty Capital’s second to Related and BH Group. In July, it provided the partners with a $76 million loan for the development of District 225, a 343-unit luxury condominium in Downtown Miami.

About Madison Realty Capital 

Madison Realty Capital is a vertically integrated real estate private equity firm that, as of August 31, 2022, manages approximately $9.5 billion in total assets on behalf of a global institutional investor base. Since 2004, Madison Realty Capital has completed approximately $21 billion in transactions providing borrowers with flexible and highly customized financing solutions, strong underwriting capabilities, and certainty of execution. Headquartered in New York City, with an office in Los Angeles, the firm has approximately 70 employees across all real estate investment, development, and property management disciplines. Madison Realty Capital has been frequently named to the Commercial Observer’s prestigious “Power 100” list of New York City real estate players and is consistently cited as a top construction lender, among other industry recognitions. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

Nathaniel Garnick/Grace Cartwright
Gasthalter & Co.
(212) 257-4170
madisonrealty@gasthalter.com

Heart Aerospace unveils new airplane design, confirms Air Canada and Saab as new shareholders

Swedish electric airplane maker Heart Aerospace today unveiled significant design updates to its first electric aircraft and confirmed Air Canada, one of North America’s largest airlines and Saab, the Swedish aerospace and defense- company, as new minority shareholders.

Gothenburg, Sweden, Sept. 15, 2022 (GLOBE NEWSWIRE) — Swedish electric airplane maker Heart Aerospace today unveiled significant design updates to its first electric aircraft and confirmed Air Canada, one of North America’s largest airlines and Saab, the Swedish aerospace and defense- company, as new minority shareholders.

The new airplane design, called the ES-30, is a regional electric airplane with a capacity of 30 passengers and it replaces the company’s earlier 19-seat design, the ES-19. It is driven by electric motors powered by batteries, which allows the airplane to operate with zero emissions and low noise.

Air Canada and Saab have each invested USD 5 million in Heart Aerospace. In addition to its investment, Air Canada has also placed a purchase order for 30 ES-30 aircraft.

“We are thrilled to have two such strong partners as Saab and Air Canada join our mission to electrify regional air travel. Growing up in Sweden, Saab is synonymous with aerospace, and our partnership will not only support our programme, but help us to become a part of the proud Swedish aerospace heritage,” said Anders Forslund, founder and CEO of Heart Aerospace. “Air Canada is a strategically important partner with one of the world’s largest networks operated by regional turboprops, and as a progressive, future leaning company.”

“Air Canada is very pleased to partner with Heart Aerospace on the development of this revolutionary aircraft. We have been working hard with much success to reduce our footprint, but we know that meeting our net-zero emissions goals will require new technology such as the ES-30. We have every confidence that the team at Heart Aerospace has the expertise to deliver on the ES-30’s promise of a cleaner and greener aviation future,” said Michael Rousseau, President and Chief Executive of Air Canada.

The ES-30 has a comfortable three-abreast flat-floor cabin seating, and it features a galley and a lavatory. Cabin stowage and overhead bins will add to the large external baggage and cargo compartment and provide airlines with network flexibility.

The airplane will also include a reserve-hybrid configuration, consisting of two turbo generators powered by sustainable aviation fuel. The reserve-hybrid system is installed to secure reserve energy requirements without cannibalizing battery range, and it can also be used during cruise on longer flights to complement the electrical power provided by the batteries.

This gives the airplane a fully electric range of 200 kilometers, an extended range of 400 kilometers with 30 passengers, and flexibility to fly up to 800 kilometers with 25 passengers, all-inclusive of typical airline reserves.

“The ES-30 is an electric airplane that the industry can use. We have designed a cost-efficient airplane that allows airlines to deliver good service on a wide range of routes,” said Anders Forslund, founder and CEO of Heart Aerospace. “With the ES-30 we can start cutting emissions from air travel well before the end of this decade and the response from the market has been fantastic.”

“This underlines our commitment to innovative technology and solutions for sustainable aviation. Heart is a pioneer within commercial electric aviation and we look forward to contributing to the future of aviation with our experience of developing solutions at the forefront of technology,” says Micael Johansson, Saab’s President and CEO.

Previous orders for Heart Aerospace’s ES-19 electric airplane, placed by United Airlines and Mesa Air Group for a total of 200 electric aircraft with an option for an additional 100 planes, are reconfirmed for the updated ES-30 design.

“From the beginning Heart and United have been on the same page – with an acute focus on safety, reliability, and sustainability. Heart’s exciting new design – which includes expanded passenger capacity from 19 to 30 seats, and a state-of-the-art reserve-hybrid engine – is the type of revolutionary thinking that will bring true innovation to aviation,” said Scott Kirby, CEO of United Airlines.

In addition to those commitments, many of the ES-19 letters of intent (LOI) holders have already updated their respective letters to reflect the ES-30. These include the Nordic airlines Braathens Regional Airlines (BRA), Icelandair and SAS as well as New Zealand’s Sounds Air. Rockton, a Swedish-based lessor who has made it their mission to focus on sustainable solutions for the industry, has just signed an LOI with for up to 40 airplanes.

In total, Heart Aerospace has LOIs for 96 ES-30s.

The ES-30 is a cost efficient airplane that, on top of significant fuel savings, is cheaper to operate than a larger turboprop due to its electric propulsion. The airplane has also been designed to accommodate battery technology evolution, which will increase its fully electric range and make it even more cost efficient over time.

The ES-30 is expected to enter into service in 2028.

The Swedish electric airplane maker will establish the world’s first commercial electric aircraft industry at Säve airport, in Gothenburg, Sweden.

Heart Aerospace will build sustainable state-of-the-art offices, production, and flight test facilities which, together, will form a new campus that will go by the name the Northern Runway.

“We have a plan and it’s not just to build a new electric airplane, but a whole new industry,” said Anders Forslund, founder and CEO of Heart Aerospace. “Sweden is the origin of flight shame, an anti-flying movement, but with the Northern Runway we will make electric air travel a reality and preserve flying for future generations.”

Heart Aerospace’s Northern Runway campus will form part of the Castellum owned development area Gateway Säve, where a unique site for sustainable logistics and electric mobility is being developed.

“Gothenburg has distinguished itself as a driving force within electrification, with world class research facilities like the Swedish electric transport laboratory, SEEL, Chalmers University of Technology and a large cluster of companies focused on battery and electric vehicle development,” said Sofia Graflund, chief operating officer at Heart Aerospace. “The ambition that Castellum and the City of Gothenburg have for Gateway Säve is truly unique and that is why we have decided to establish our new industry here.”

Heart Aerospace currently employs 130 people, but the company is growing rapidly and expects to employ around 500 people by 2025.

” We are extremely proud that Heart Aerospace has chosen Gothenburg for this step in their expansion, which we will give full support. The establishment will generate an additional 500 Swedish jobs by 2025 and even more when series production begins,” said Patrik Andersson, CEO of Business Region Göteborg.

The long-term recruitment base in Gothenburg is strong due to its proximity to Chalmers University of Technology, ranked among the top 100 in the world in terms of graduate employability.

A first phase in the establishment of Heart Aerospace’s Northern Runway is scheduled to be finalized by mid-2024, with test flights scheduled to start in 2026. Heart Aerospace expects to deliver its first ES-30 aircraft in 2028.

Note to editors:

More information on “Gateway Säve” can be found on www.gatewaysave.com.

Christina Zander
Heart Aerospace
+46 728889610
press@heartaerospace.com

Esperança da Costa inaugurated as Angola´s Vice-President

Luanda- The new Vice-President of the Republic, Esperança da Costa, was sworn in at a ceremony led by the Presiding Judge of the Constitutional Court, Laurinda Cardoso.

Esperança da Costa, who was elected through the MPLA list, is the first woman to take the vice presidential office.

 

 

Vice President´s profile

 

Esperança Maria Eduardo Francisco da Costa was born in Luanda and studied biology at the Agostinho Neto University, where she obtained her degree in 1985.

 

She has a PhD in Phytoecology from the Technical University of Lisbon and a Masters in Plant Productivity from the Higher Institute of Agronomy of the Technical University of Lisbon.

 

Between 1997-2002 she was Deputy Director of Scientific Affairs and National Coordinator of the SADC Network for Biodiversity Studies (SABONETE) and Focal Point for Southern Africa of the International Science Network (IFS), among other positions.

 

From 2020 to the current date, she was the Secretary of State for Fisheries.

 

Between 2010 and 2020, she was director of the Botany Centre of the Agostinho Neto University, while in the period 2007-2010 she held the position of National Director of Higher Education Expansion of the Ministry of Higher Education.

 

Her curriculum also includes the position of Vice-Chancellor for University Expansion of the Agostinho Neto University (UAN) from 2002-2007 and she is the founder of the Botany Centre of UAN.

 

Esperança da Costa, who is a member of the MPLA Central Committee since 2019, has passed through the various structures of the party, namely in the Angolan Woman Organization (OMA), the female wing of the MPLA, and the youth wing, JMPLA, of the People’s Movement for the Liberation of Angola.

 

Source: Angola Press News Agency

Inauguration: João Lourenço promises inclusive governance

Luanda – Angolan president of the Republic João Lourenço has announced his commitment to address the nation’s issues in his second five-year term, which begins Thursday (15), with inclusive governance.

Speaking for the first time as President-elect on Thursday, he promised to work on the stability and consolidation of the Democratic and Rule of Law.

“I will be the President of all Angolans”, said João Lourenço in his address to some 15,000 people, who joined the heads of State and Government, having reiterated his personal commitment to improving the living conditions and well-being of Angolans. .

In this political cycle, legitimised at the polls, the president said he will continue to be guided by the Constitution and the Laws will be the criterion for decision-making, for the defence and protection of minorities.

The inauguration ceremony of the head of the MPLA list, the winning party in the August 24 general elections, was chaired by the presiding judge of the Constitutional Court, Laurinda Cardoso.

The MPLA and its candidate for President of the Republic, João Lourenço, won Angola’s fifth elections, after those held in 1992, 2008, 2012 and 2017, with 51.17 percent of the valid votes, electing 124 deputies to the National Assembly.

 

Source: Angola Press News Agency

President speaks of environmental protection policy

 

Luanda – Angola’s president João Lourenço said on Thursday in Luanda that Angola will continue to live up to its commitments on combat climate change.

João Lourenço was speaking at the inauguration ceremony marking the beginning of the fifth legislature.

More than 15,000 people joined the heads of State from several countries at the swearing-in ceremony.

João Lourenço said Angola will contribute with concrete actions to the reduction of greenhouse gas emissions, aimed to protect the planet from climate change and its consequences for humanity.

In his speech, the president said that the country will work with non-governmental organisations to launch the environmental education programmes.

He said that the objective is to curb deforestation and force the re-plantation of native species or eucalyptus.

The head of State recommended, on the other hand, the fight against burning in dry weather, reportedly regarded an ancestral tradition, but which destroys flora and fauna and impoverishes arable soils.

The Statesman spoke of the country’s permanent commitment to implement policies and concrete actions to reduce the consumption of oil derivatives and the use of firewood for domestic or industrial consumption”.

He pledged investment in clean sources of energy production that are environmentally friendly, building more and more photovoltaic parks based on solar energy and green energy projects.

The president announced the government plans to support all initiatives aimed to protect the threatened or endangered plant and animal species such as mangroves, sea turtle, elephants, hippos and rhinos, among other species.

MPLA and its candidate for President of the Republic, João Lourenço, won Angola’s fifth elections, after those held in 1992, 2008, 2012 and 2017, with 51.17 percent of the valid votes, electing 124 deputies to the National Assembly.

 

 

Source: Angola Press News Agency

Inauguration: João Lourenço pledges to focus on social sector

Luanda – Angola’s president João Lourenço promised Thursday to work, over the next five years, on the search for the best solutions for the country and to pay particular attention to the social sector.

Delivering his inauguration speech for the second term, João Lourenço pledged to continue investing in the training of human capital, focusing on the country’s sustainable development.

Among the priority sectors of his governance in the period 2022-2027, he pointed to education, health, housing, drinking water supply, electricity and basic sanitation.

He reaffirmed the continuity of policies and good practices, to encourage the private sector of the economy, to increase the supply of goods/services, national production, as well as exports and employment.

Re-elected for the second term, João Lourenço announced plans for the completion, in this mandate, of public projects for the construction of the Commercial Port of deep water quay, in Cabinda, and the António Agostinho Neto International Airport, in Luanda.

The infrastructure to be completed are also those of Cabinda, Soyo and Lobito oil refineries, along with the Barra do Dande development hub (Luanda) and the Caculo Cabaça dam (Cuanza Norte).

President João Lourenço promised to conclude, within the next five years, the interconnection of the north, centre, south and east systems of the national electricity grid, as well as to continue the construction of solar energy parks across the country.

The President of the Republic reiterated his commitment to the protection of minorities, the most vulnerable, the elderly, children and the less favoured.

The Head of State took the opportunity to congratulate the Angolan people on their civic participation in the August 24 general elections and their commitment to the MPLA.

João Lourenço, began, this Thursday, his second five-year term at the helm of the Angolan Nation.

MPLA and its candidate for President of the Republic, João Lourenço, won Angola’s fifth elections, after those held in 1992, 2008, 2012 and 2017, with 51.17 percent of the valid votes, electing 124 deputies to the National Assembly.

 

 

Source: Angola Press News Agency

Inauguration: FAA modernization among top priorities – president

Luanda – The modernization of the Angolan Armed Forces (FAA) is one of the President João Lourenço’s priorities in his mandate that begins this Thursday (15).

The President João Lourenço, who was addressing an inauguration ceremony of the fifth legislature,  explained that the move is intended to bring the Armed Forces to the level of prestige they have gained over the years.

He added that the defence of territorial integrity and internal public order is sacred for a country like Angola that has lived through decades of armed conflict.

Meanwhile, he said, having achieved peace and stability 20 years ago, Angola has to preserve these goods at all costs.

In his speech, João Lourenço said that the best solutions will be found for the re-equipping and modernising of the FAA.

The Angolan Statesman noted that the permanent training of the staff, as well as the improving the conditions of barracks to accommodate the staff and their salaries is a priority in the functioning of the Executive on the first days.

Diplomacy

He said that Angola has a dynamic diplomacy open to the world, with beneficial results for the country’s image and economy.

According to João Lourenço, the country has gained prestige and respect on the continent and in the world due to the crucial role it plays in resolving conflicts in the SADC region and in the Great Lakes, such as the Central African Republic, and in the border conflicts between Rwanda and the Democratic Republic of Congo.

He expressed concern about the conflict in the Tigris region of Ethiopia, whose humanitarian situation is worsening every day because it was simply forgotten after the outbreak of a new conflict in Europe.

The MPLA and its candidate for President of the Republic, João Lourenço, won Angola’s fifth elections, after those held in 1992, 2008, 2012 and 2017, with 51.17 percent of the valid votes, electing 124 deputies to the National Assembly.

In total, the MPLA obtained 3. 2 million of valid votes, according to definitive data released by the National Electoral Commission (CNE) and upheld  by the Constitutional Court.

 

 

Source: Angola Press News Agency

Nigeria Drops to Africa’s 4th Largest Oil Producer, OPEC Reports

Nigeria is facing a record reduction in oil production, oil cartel OPEC reports, dropping from the first largest producer in Africa to the fourth, behind Angola, Algeria and Libya.

The Organization of Petroleum Exporting Countries monthly oil market report for August showed that Nigeria’s production stood at 980,000 barrels a day, a decline of more than 100,000 barrels per day compared to July.

The figure was about 50% of OPEC’s target for the west African nation in August.

For decades, Nigeria has been Africa’s largest oil producer. But in recent years, theft and sabotage at production sites have hampered output. Petroleum authorities say more than 200,000 barrels are lost daily as a result, and that the trend is costing the country millions of dollars in revenue.

Oil was once Nigeria’s biggest earner and contributor to national GDP, but the latest data shows information and communications technology and trade contributed more during the second quarter this year.

Abuja-based oil and gas expert, Emmanuel Afimia, said he’s worried about Nigeria’s current situation.

“At this particular point in time when the oil prices are rising, Nigeria is supposed to sit back and be enjoying revenue and inflows of forex [foreign exchange trading] through the sales and export of crude oil. But the reverse is the case, so it’s really a negative thing for the country falling from that position of being the biggest producer, Nigeria will slowly be losing its influence in the global oil market,” Afimia said.

Nigerian authorities also are raising concerns. Last Friday, President Muhammadu Buhari said the situation was putting the economy in a precarious situation.

And earlier this week, Nigerian lawmakers sent a delegation to oil-rich Rivers State to investigate the problem and report back their findings to the Senate.

But oil and gas expert Faith Nwadishi said authorities must share the blame, too.

“It’s a question of pointing one finger when four fingers are pointing back at you,” Nwadishi said. “If government was doing enough, I don’t think that we’ll close our eyes and see our major source of revenue being stolen up to 90 percent. I want to see a situation where government is taking more action than crying out.”

Petroleum authorities and security operatives have been working to halt the oil theft.

Raids in late August led to the arrest of more than 100 oil thieves and the recovery of millions of liters of crude oil and diesel.

Mele Kyari, head of the National Nigeria Petroleum Company, said the clampdown is making progress.

“What is most difficult to manage today and daring for us to live with is the issue of crude oil theft, [but] we’re not helpless and our efforts are paying off,” Kyari said.

Authorities in August awarded a pipeline surveillance contract to a former militant who once stole oil and vandalized pipelines. The move was criticized by citizens, but officials say the former militant’s expertise will help prevent theft.

 

 

Source: Voice Of America