Tuesday, January 17, 2017

'Nigeria's oil will be useless in 20 years,' Vice President says


Vice President Yemi Osinbajo has said Nigeria must move fast to diversify its economy else it will end in regret. He said the days of crude oil as Nigeria's major source of revenue are numbered.

"We must be smart and act intelligently and fast," he said.

The vice president stated this on Monday, January 16, when he visited Gbaramatu Kingdom in Delta State as part of his peace mission to the Niger Delta region. After meeting behind closed doors with leaders of Gbaramatu at the palace of the Pere of Gbaramatu kingdom, Oboro Gbaraun II Aketekpe, Osinbajo while speaking to a large crowd told the people that the future of the oil industry is full of enormous challenges.

He  added that the critical areas the federal government is bothered about is infrastructure, disclosing that in the 2017 budget, "we have provided for the commencement of the Lagos–Calabar rail way which will go through Delta."

He further said that the PAN Niger Delta Forum (PANDEF) has submitted a detailed list of 16 issues for dialogue that will help in ascertaining key development priorities, noting that "it is an important working document that represents an excellent road map to the future of Niger Delta."



No comments:

Post a Comment