Osinbajo urges African countries to look beyond oil

Vice President Yemi Osinbajo has called on African countries to diversify their economies and look beyond oil-based revenue for future prosperity.

Mr Osinbajo stated this in Abuja on Monday while declaring open the Extraordinary Session of the Council of Ministers of African Petroleum Producers Organisation (APPO).

According to the vice president, while oil and gas have continued to remain the mainstay of African economies, there is the need for the re-investment of oil revenues through diversification to prevent economic crises resulting from over-dependence on the product.

”We must also redouble our efforts to achieve the following: One, to diversify our economies away from the dangerous overdependence.

“And two, to ensure that we invest as much as is possible of…

Read More

*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.