APPO SG Keynote Address at Angola Oil & Gas 2025
Luanda, 3rd September, 2025
- The theme of this year’s edition of the AOG is Angola at 50: Oil and Gas as a Development Factor. How much has oil and gas contributed to Angola’s development in the last fifty years? And how much more can it contribute in the next fifty?
- Speaking about Angola’s golden jubilee, I believe that everyone in this audience and outside will agree with me when I say that APPO Founder Member Country, the Republic of Angola is one of the very few countries on the African continent that has every reason to observe the annual ritual of the celebration of national independence. Angola has reason to celebrate independence because its people fought dearly for it. That the struggle for Angola’s independence was not fought on the Angola soil alone, nor by the MPLA alone. Students of various universities and colleges in Nigeria and perhaps elsewhere across Africa were fully involved in the struggle, opting for 0-1-1 or 1-0-1 or even 0-01 to support the struggle.
- I recall the famous Africa Has Come of Age speech delivered by General Murtala Muhammed on January 11, 1976, at the Extraordinary Summit of the OAU in Addis Ababa, when some foreign powers wanted to scuttle the hard-won independence of the Angolan people, where General Muhammed said and I quote:
- ‘Africa has come of age. It is no longer under the orbit of any extra continental power. It should no longer take orders from any country, however powerful. The fortunes of Africa are ours to make or to mar. For too long we have been kicked around. For too long we have been treated like adolescents who cannot discern their interests and act accordingly. For too long it has been presumed that the African needs outside experts to tell him who are his friends and who are his enemies. The time has come when we should make it clear that we can decide for ourselves; that we know our own interests and how to protect those interests; that we are capable of resolving African problems without presumptuous lessons in ideological dangers which, more often than not, have no relevance for us, nor for the problem at hand.’
- Excellencies, ladies and gentlemen, seventy years today since commercial oil discovery was made in the Kwanza basin of Angola, how much independence does Angola have over its oil and gas resources? How much of the financing of the oil and gas industry is done by Angola and Angolans? How much of the technology of the industry is controlled by Angola and Angolans? And how much of the oil and gas produced by Angola is used to energize the Angolan people and its economy as well as Angola’s neighboring countries?
- These are not pleasant questions to ask in fora like this. But what I say about Angola applies to all African oil and gas producing countries in varying degrees. In other words, Angola is a metaphor. What I have described about Angola equally applies to virtually all the oil and gas producing countries on the continent.
- Your Excellencies, this situation cannot be allowed to continue unabated. The global paradigm shift away from fossil fuels to renewable energies, euphemistically called the energy transition, has taught us that it is unwise to rely on others in order to be able to exploit what God has endowed us with and what has become critical to our nations’ survival.
- Distinguished ladies and gentlemen, The African Petroleum Producers’ Organization, APPO, is fully conscious of these serious challenges facing the African oil and gas industry and is taking practical measures to address them.
- Speaking about practical measures, one such measure was taken in this very city of Luanda three years ago, when in the august presence of HE Joao Lourenco, President of the Republic, the APPO Ministerial Council under the Presidency of Angola’s Minister of Mineral Resources, Petroleum and Gas, His Excellency Dr. Diamantino Pedro Azevedo approved the signing of a MoU between Afreximbank and APPO for the establishment of the Africa Energy Bank, AEB. I am pleased to announce that all works on the establishment of the AEB have been concluded and that the next Extraordinary Session of the APPO Ministerial Council shall be presented with a proposed date for the launch of the Bank, that has been agreed by the founding institutions, for its consideration, approval and formal announcement.
- Let me once again, express my personal appreciation and those of all stakeholders in the AEB project and indeed the African continent to members of the APPO Ministerial Council, some of who are here with us today, for taking bold and practical steps to address this imminent challenge which the energy transition has posed to the African oil and gas industry.
- Permit me to especially appreciate His Excellency Dr. Diamantino Pedro Azevedo, then President of the APPO Ministerial Council for his foresight and commitment to the project evidenced in his giving anticipatory approval for the Secretariat to begin discussions with Afreximbank on the establishment of the AEB, even before the matter was formally presented to the Ministerial Council.
- I should like to use this opportunity to appeal to all who believe that Africa’s destiny should lie in the hands of Africans to partner with us to grow the AEB, whose main objective is to wean our oil and gas industry from undue dependence on foreign capital for upstream, midstream and downstream oil and gas projects.
- To paraphrase General Murtala Muhammed of blessed memory, the African oil and gas industry has come of age. Africa cannot continue to be dependent on external powers for the finance, the technology and markets of Africa’s oil and gas, especially in a world where those on whom we have been dependent for several decades decided to abandon us in our hours of need. Africa must control the finances of its oil and gas industry. Africa must develop the technology of the industry and Africa must create the energy market that will enable the one billion Africans living with no access to modern energy to have access to energy.
- Excellencies, ladies and gentlemen, is it not an irony that the continent with the largest proportion of the world’s population living with no access to modern energy is also the same continent exporting 75% of its oil and 45% of its gas to others?
- For too long we have been made to believe that there is no market for energy in Africa because Africans are too poor to buy energy. Because there is no internal market and the people are considered too poor to purchase energy, oil and gas are treated as export commodity, and all the infrastructure for the industry are export oriented. That explains why, until fairly recently, almost all the pipelines you see across the continent ran from the fields to the seaports for export.
- Distinguished ladies and gentlemen, what we are not told is that markets just don’t develop from the blues. Markets are consciously and deliberately created.And this is another project that APPO is focused on doing. Together with CABEF, the Central Africa Business and Energy Forum, APPO is championing the building of comprehensive pipeline system across the central Africa sub region, what we call the Central Africa Pipeline System, CAPS.
- Just last week, Ministers of CEMAC met in Malabo and endorsed the project and decided that they were comfortable with the work done so far to merit the consideration and approval of the Summit of CEMAC Heads of State scheduled to take place on 10 September in Bangui, Central Africa Republic.
- As I conclude let me restate what APPO has consistently said since the reform from APPA. The future of the oil and gas industry in Africa lies in greater cooperation and collaboration among African oil and gas producers, in looking, first, within the continent to find solutions to the imminent challenges posed to us by energy transition, namely finance, technology and markets and then looking outside to supplement our efforts.
- I thank you all for your kind attention.