Os­in­bajo tasks D8 coun­tries to de­pend less on oil

Daily Trust - - BUSINESS - By Fran­cis Arinze Iloani

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 yes­ter­day 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.

Vice Pres­i­dent Yemi Os­in­bajo

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