U.S has stopped buying oil from us, Prof. Osinbajo


Vice President Yemi Osinbajo on Monday said the United States has stopped buying crude oil from Nigeria, adding that countries in Asia will soon follow America’s example.

Read also: FG orders specialised varsities to stop offering other courses

Prof Osinbajo made this disclosure when he visited Gbaramatu kingdom in Delta State as part of his peace mission to the Niger Delta region, in furtherance of the federal government’s quest for lasting solutions to the challenges in the region.

He said, “In another 20 to 30 years, our oil won’t be as precious as it is today and that is reality? America has stopped buying oil from us. All the countries of Asia that buy oil from us are building alternative means of power, China and Japan are developing electric cars. In fact, Japan has more charging stations than petrol stations. Solar power is getting cheaper.”

Continuing, “To prepare for a great future for the Gbaramatu kingdom, three things must happen: we must recognise the unique environmental challenges the Niger Delta is facing, we must also recognise that the Niger Delta is a special economic zone for this nation so we must treat it as a special development zone.”

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