The Acting President, Prof. Yemi Osinbajo on Monday said the prosperity of the African continent simply lies in human resources.
He said this was “away from the dangerous dependence on natural resources that we have seen in the past”.
Osinbajo made the remarks at the Extra-Ordinary Session of the Council of Ministers of African Petroleum Producers Organisation
(APPO) held at Transcorp Hilton Hotel, Abuja.
He said this was “away from the dangerous dependence on natural resources that we have seen in the past”.
Osinbajo made the remarks at the Extra-Ordinary Session of the Council of Ministers of African Petroleum Producers Organisation
(APPO) held at Transcorp Hilton Hotel, Abuja.
The is contained in the full text of a speech delivered by the Acting President at the event, which was released by his Senior Special Assistant on Media and Publicity, Mr Laolu Akande.
The speech read:
“It gives me very special pleasure
to be here at this Extra-Ordinary Session of the Council of Ministers of the African Petroleum Producers Organisation (APPO).
“This session holds at a very significant time for our continent and our countries. A time when we as a continent and indeed the rest of the world, are witnessing volatility in the petroleum market, and by implication, our local economies.
“The centrality of the hydrocarbon industry to the economies of our countries is self-evident. This is reflected in the revenue inflows that account for a significant percentage of our budgets and have become one of the, if not the primary sub-structures upon which economic planning is based, and from which economic development and growth are generated.
The speech read:
“It gives me very special pleasure
to be here at this Extra-Ordinary Session of the Council of Ministers of the African Petroleum Producers Organisation (APPO).
“This session holds at a very significant time for our continent and our countries. A time when we as a continent and indeed the rest of the world, are witnessing volatility in the petroleum market, and by implication, our local economies.
“The centrality of the hydrocarbon industry to the economies of our countries is self-evident. This is reflected in the revenue inflows that account for a significant percentage of our budgets and have become one of the, if not the primary sub-structures upon which economic planning is based, and from which economic development and growth are generated.
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