Palm oil will replace crude oil in Nigeria –Osinbajo

Tony Anichebe Uyo

Vice President Yemi Osinbajo has told Nigerians that palm oil products will soon replace crude oil as the main stay of Nigeria’s economy.

Prof Osinbajo stated that after many years of dependence on oil, the country, which has witnessed economic diversification in the current Buhari led government, will harness the potentials in oil palm as a replacement for crude oil.

The Vice President, who addressed a gubernatorial rally in Nsit Atai Local Government Area of Akwa Ibom State yesterday believed that with the endowed volume of palm product in Akwa Ibom State, it means the state would still be leading in Nigeria’s economic prosperity.

He called for support for the ruling All Progressives Congress, (APC), saying youths and all categories of voters should resist the mistake of retrogression by voting the APC through which President Muhammadu Buhari is taking the country to the Next Level.

His words: “Akwa Ibom should not be in opposition. Everyone should join the APC so that they can be part of the next level train. The government of PMB is determined to deliver quality jobs to the youths of Nigeria. The N-Power scheme is only the beginning.

“We are starting the entrepreneur bank to give loans to people who have plans for the future. We are feeding 9.2 million children in Nigeria on a daily basis. There should be no mistakes in the upcoming polls.”

Earlier in his speech, the APC gubernatorial candidate, Obong Nsima Ekere used the forum to download his blueprint which is the template for economic prosperity of the state.

Ekere who promised to sustain the topmost resourcefulness of the state through economic diversification, especially in the agricultural sector, outlined reasons the electorates must vote the APC in the upcoming elections.

He said, “Our main target will be to create entrepreneurs. We will reactivate Akwa Palms Industry. We have 4,000 hectares of palm fruits in Esit Eket, 1,000 hectares in Ini and 1,000 in Oruk Anam.

“The world is moving away from crude oil. Currently, a barrel of palm oil costs more than a barrel of crude oil. My vision is to make Akwa Ibom State the saviour of the Nigerian economy.

“We are ready to build the economy of Akwa Ibom State through palm oil. We will build on the federal government programme of social intervention, especially N-Power, School Feeding and the Conditional Cash Transfer which is the first of its kind since the birth of modern democracy in Nigeria”.

Meanwhile, Senator Godswill Akpabio also assured the presidency of victory in Akwa Ibom State, noting that the huge turnout at the rally shows that “Akwa Ibom is APC.” He added that the incoming APC government will do the Ikot Inyang Bridge in Nsit Atai as a mark of honour to the vice president.

Similarly, the Chairman of Akwa Ibom State APC Caucus, Atuekong Don Etiebet, said the state has fully embraced APC and would vote massively for the party at the polls.

Candidates of the party for the 2019 elections in Akwa Ibom and a huge crowd of party faithful and supporters were at the event.

However, Vice President Osinbajo also took out time to visit and interact with traders at Urua Oto in Ikot Ekpene local government area as well as had meetings with professionals and religious leaders in the state.

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