COVID-19 creates opportunity for innovations – Osinbajo | The Guardian Nigeria News - Nigeria and World News

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The Vice president, Prof. Yemi Osinbajo, says that the COVID-19 pandemic has created opportunities for stakeholders in all sectors of the economy to embrace innovation and creativity.

Osinbajo made this known at the 14th Annual Conference of the Nigerian Association of Energy Economics, in Abuja, on Monday.The theme of the conference is “Strategic Responses of Energy Sector to COVID-19 impacts on African Economies”.

“This brought huge losses for both public and private organisations, we also know that COVID-19 caused global damage in the global economies but it provided a unique opportunity for thinking out of the box for solving most of the problems in the world. He called on all participants to use the conference to proffer a way forward for the growth of the nation’s oil and gas sector.In his remarks, the Minister of State for Petroleum Resources, Chief Timipre Sylva, said Africa and Nigeria were most affected by the pandemic.

According to him, the theme of the conference is strategic as there is a need for a strategic response for the energy sector to revive with the adverse impact of the COVID-19 pandemic in various economies. Also, the President of, International Association of Energy Economics , Mr James Smith, commended the steadfast progress that the NAEE had made in recent years.“ Given Nigeria’s key role in the world oil market, we are especially grateful to have an active and effective affiliate of IAEE to provide leadership in these changing and challenging times,” Smith said.

 

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