COVID-19 Created Opportunity For Innovations – Osinbajo

Vice president, Yemi Osinbajo has said that the Covid-19 pandemic created opportunity for innovation.

Gatekeepers News reports that 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.

He said the Nigeria oil and gas sector had been coming up with projects that had the potential of evolving the sector.

Osinbajo made this known at the 14th Annual Conference of the Nigerian Association of Energy Economics, in Abuja, FCT.

The theme of the conference is “Strategic Responses of Energy Sector to COVID-19 impacts on African Economies”.

Osinbajo was represented by the Special Adviser on Infrastructure, Mr Ahmad Zakari.

Osinbajo said the oil and gas sector most hit by the pandemic would be better off with all stakeholders coming together to strategise on new ways to move the sector.

He added that the theme of the conference was apt as African battling with high poverty levels needed energy for economic growth and development.

“The energy sector as one of the most critical sectors of all economies was impacted adversely by the pandemic due to lockdowns and restrictions in movement of people and halt of operations of many energy organisations.

“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.

“Looking at the level of academics among you, I have no doubt that you will bring out ways the energy sector will use to come out of various challenges that the pandemic has presented in the sector,’’ Osinbajo said.