Page 5 - Nigeriaone mag 2 edition en

Editorial

Envisioning a less dependence on the West

As for the European leaders, they have begun a
campaign to find new sources of supply to replace
Russian gas, on which some countries, such as Ger-
many, are highly dependent. Many are looking to
Africa for partnerships to make the Russian gas
boycott a reality.
The upward fluctuations in the price of crude oil
have serious consequences for many people, espe-
cially for developing countries, which are suffering
from massive inflation, shortages of petroleum pro-
ducts and food insecurity, since Ukraine supplies
42% of the sunflower oil traded on the world mar-
ket, Russia was in 2020 the world's second largest
producer of natural gas (18.0% of world produc-
tion), second largest producer of oil (12.4%) and
sixth largest producer of coal (5.3%). Finally, Russia
is the largest exporter of natural gas with 22.6% of
global net exports.
This difficult global economic situation coupled
with an alarming political uncertainty has had
unfortunate repercussions on the African conti-
Logo of PSA
nent: Unfortunately, none of the African oil and gas
Welcome to the second edition of Nigeria One. This producers has been able to take advantage of the
magazine dedicated exclusively to the energy sector surge in oil prices. The quotas set by OPEC were not
comes out in a particular context emanating from a even reached and only countries like Saudi Arabia
global crisis that does not say its name. The Russo- were able to benefit from this new deal.
Ukrainian war shows us every day the fragility of The Russo-Ukrainian war must sound like a power-
the world economy. The latter has extraordinary ful thunder in the Sahara and allow Africans to re-
repercussions on the whole globe. prioritize their options. The African continent, ins-
Europe and the United States are leading the way tead of being the breadbasket of the world, has
with economic sanctions against Russia and found itself weakened on all levels despite all its
military aid to Ukraine. While China and India are arable land and abundant natural resources.
strengthening their relationship with Russia. Africa We are calling on African leaders to listen to the
is experiencing the full impact of this war in many people and offer the continent the chance to reduce
ways. our dependence on the West for the deserved well-
Thus we have seen oil prices soar above the six dol- being of the entire African population.
lar a gallon mark in the US, with galloping inflation,
but above all a general discontent among the popu-
lation, which has gone so far as to question the aid Yamar Fall
offered by President Biden to Ukraine. African Solidarity Association (PSA)

Editorial 5