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| Nigeria’s VP, Yemi Osinbajo |
Nigeria’s Vice President, Yemi Osinbajo, who has
served as acting president for much of this year, said on Monday he had
not given any thought to contesting the country’s next presidential
election in 2019.
served as acting president for much of this year, said on Monday he had
not given any thought to contesting the country’s next presidential
election in 2019.
Nigeria has faced heightened
uncertainty over whether President Muhammadu Buhari plans to contest the
next election. Buhari, 74, took power in 2015 but has been absent for
much of this year due to illness.
uncertainty over whether President Muhammadu Buhari plans to contest the
next election. Buhari, 74, took power in 2015 but has been absent for
much of this year due to illness.
Osinbajo, a
60-year-old law professor, served as acting president during Buhari’s
absences, succeeding in calming tensions in the oil-producing Delta
region and pushing small steps to improve the business climate,
including foreign currency reforms. Some business leaders say he could
provide stability by running for president himself in Feb 2019.
60-year-old law professor, served as acting president during Buhari’s
absences, succeeding in calming tensions in the oil-producing Delta
region and pushing small steps to improve the business climate,
including foreign currency reforms. Some business leaders say he could
provide stability by running for president himself in Feb 2019.
Asked
at the FT Africa Summit in London if he had considered running,
Osinbajo said he hadn’t thought about it, adding: “None of that is on
the cards”.
at the FT Africa Summit in London if he had considered running,
Osinbajo said he hadn’t thought about it, adding: “None of that is on
the cards”.
Osinbajo also said that militants
in the oil-producing Niger Delta region no longer posed a significant
threat to oil production.
in the oil-producing Niger Delta region no longer posed a significant
threat to oil production.
He said Nigeria had
lost as much as 1 million barrels per day (bpd) of oil production last
year amid militant attacks on oil and gas infrastructure, which is
concentrated in the southern Delta region. It was now pumping roughly
1.85 million bpd and climbing towards 2 million bpd. That is closer to
its top production of around 2.2 million bpd.
lost as much as 1 million barrels per day (bpd) of oil production last
year amid militant attacks on oil and gas infrastructure, which is
concentrated in the southern Delta region. It was now pumping roughly
1.85 million bpd and climbing towards 2 million bpd. That is closer to
its top production of around 2.2 million bpd.
Still,
he added that Nigeria needed to diversify its oil-dependent economy and
take advantage of the resource while it was still in high demand.
he added that Nigeria needed to diversify its oil-dependent economy and
take advantage of the resource while it was still in high demand.
“We don’t have all the time in the world with oil,” he said. “We have to use oil while it makes sense to do so.”
Reuters
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