Vice President Osinbajo tasks African countries on zero-oil revenue

Vice President Yemi Osinbajo has urged African countries to build a diversified economy that can survive without proceeds from oil and gas. He made the call during the extraordinary session of ministers of the African Petroleum Producers Organization (APPO) in Abuja, yesterday.

Osinbajo, who declared the event open, noted that without collaboration, investments that can drive growth of the oil and gas industry would remain a mirage, given the huge funding needed to meet the sector’s demand. According to him, increased synergy would mobilize necessary investment to deliver the continent’s major infrastructural requirement.