Skip to main content
By

Osinbajo tasks D8 countries to depend less on oil

Vice President Yemi Osinbajo has tasked D8 countries to depend less on oil as it becomes increasingly less attractive in terms of revenue generation and focus more on diversifying to other sources of revenues.
Osinbajo made this remark in Abuja on Tuesday while declaring open the 6th Meeting of D-8 Ministerial Meeting on Industrial Cooperation.
The D-8, also known as Developing 8, was set up officially on June 15, 1997 with member countries as Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey.
The Vice President told the representatives of the countries that Nigeria is committed to working with the various Task Forces of the D-8 Ministerial Meeting on Industrial Cooperation to the targets of the founders of the D8 Organization.
He said the ultimate goal of the D8 countries is to promote industrial development and other economic activities in the global economy using the same platform to fast track the position of member countries.
The Vice President expressed appreciation to the President and people of Turkey for the warm reception accorded President Muhammadu Buhari and his team during the D8 Summit recently held in Turkey. He further described Nigeria’s hosting of the 6th D-8 Ministerial Meeting on Industrial Cooperation as a way of consolidating the gains of the Summit held in Turkey.
Osinbajo attested to the fact that this collaboration and partnership amongst the D8 countries cannot be over emphasised given the enormous opportunity to diversify sources of revenue given the global economic downturn arising from the fall in commodities market.
The VP therefore, called on member countries to take advantage of this auspicious association to work together to alleviate poverty of member nations to create jobs for the teeming population and to diversify the economies of member nations.

Comments

Post a Comment

Popular posts from this blog

By
Buhari receives 2017 Hajj report — 13th November 2017 From: Juliana Taiwo-Obalonye, Abuja President Muhammadu Buhari, on Monday, received the report on the 2017 Hajj Operations as well as preparations for the 2018 exercise. Chairman of the National Hajj Commission of Nigeria (NAHCON), Abdullahi Mukhtar Mohammed, briefed the President in his office, according to sources. The NAHCON boss was said to have given “a brief update on Hajj 2017 and what the commission is planning for the 2018 religious exercise,” to the President. The sources also said the president commended NAHCON for the smooth Hajj operations in 2017 and encouraged the commission to go a step further and ensure that next year’s operations surpassed that of this year. A total of  79,000 pilgrims made the 2017 hajj, making Nigeria among the top 10 list of countries with highest number of pilgrims that made this year’s Hajj. A total number of 14 Nigerian pilgrims died during this ...
Post a Comment
Read more

Russia investigation zeroes in on Trump inner circle

By
Russia investigation zeroes in on Trump inner circle STORY HIGHLIGHTS Mueller charged Flynn with one count of lying to the FBI It raises questions about how high up Mueller's investigation will reach Washington (CNN) Michael Flynn's downfall  Friday exacerbated grave legal and political risks that represent the most serious threat to any administration for at least 40 years, and could eventually imperil the Trump presidency itself. The plea deal cut by the fired national security adviser with Special Counsel Robert Mueller undermines much of what the White House has said about the Russia controversy engulfing the presidency. It means there is now no credible way for  President Donald Trump  to claim the Russia investigation is a hoax, made up, fake news or a witch hunt. It raises questions about who higher up the chain of command in Trump's orbit -- possibly even including the President himself -- is in Mueller's sights after he agreed to...
Post a Comment
Read more

Prince Harry and Meghan Markle make first appearance after engagement

By
Prince Harry and Meghan Markle make first appearance after engagement London (CNN) Britain's Prince Harry and the American actor  Meghan Markle  have made their first public appearance since their engagement was announced earlier Monday. The couple appeared at a photocall in the Sunken Garden at Kensington Palace in London on Monday afternoon. The pair, who became engaged quietly earlier this month, will marry in spring 2018 and live at Nottingham Cottage at Kensington Palace, where Harry currently resides. Monday's announcement of the forthcoming nuptials was made by Harry's father, Prince Charles, in a statement released from his office at Clarence House. Prince Charles said he was "delighted to announce" the engagement, adding that Harry had informed "The Queen and other close members of his family." "Prince Harry has also sought and received the blessing of Ms. Markle's parents," the statement added. The couple wil...
Post a Comment
Read more