BE PREPARED FOR A FUTURE WITHOUT OIL SAYS OSINBAJO

Vice President Yemi Osinbajo yesterday said Nigeria must use its oil wealth to prepare for a future when the world no longer runs on fossil fuel.
The Vice-President made this statement at the 55th anniversary of the Oil Producers Trade Section (OPTS) of the Lagos Chamber of Commerce and Industry (LCCI) in Lagos. He said Nigeria, as a member of the Organisation of the Petroleum Exporting Countries (OPEC), needed to develop renewable energy and help other businesses flourish to adjust to the reality of the dwindling significance of fossil fuels.
“It is no longer a question of if but when,” Osinbajo said, referring to global efforts to shift away from oil as a fuel. “Oil-rich countries, such as ourselves, have an obligation to prepare for a destiny that may well be beyond oil”, he said. The vice president called on oil and gas majors in Nigeria, many of them represented in the audience, to invest in renewable energy research and development to help Nigeria prepare for a “clean energy economy and a post-oil world”.
source: energymixreport.com

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