-
Nigeria: Nigeria Oil'll No Longer Be Profitable Soon - Osinbajo
Vanguard, 13 September 2017
Vice President Yemi Osinbajo, yesterday in Ondo State declared that the country's oil will no longer be profitable in no distant future. Read more »
Vice President Yemi Osinbajo has asked the people and investors in the Niger Delta region to make effective use of the proceeds from oil, saying the product may soon become unprofitable. Painting a gloomy future of oil in the Niger Delta area of the country, Osinbajo said; "Many countries are getting alternatives to oil, the development which would make the resource unprofitable in a few years.
(file photo).
China, which is one of Nigeria's biggest customers will drastically cut down on oil if the ban goes through. The move would follow similar plans announced by France and Britain to ... Read more »
AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.