Vice President Yemi Osinbajo has advised oil-producing countries in Africa to plan for a world beyond oil, saying they cannot afford to act differently from the rest of the world.

Professor Osinbajo stated this Monday while declaring open the Extra-Ordinary Session of the Council of Ministers of the African Petroleum Producers’ Organization, APPO, in Abuja.

“We cannot bet on the fact that even a few decades from now these natural resources will be as central to the global economy as they are today,” he stated, adding that “all serious economies around the world have realized this, and are making determined plans for a world beyond oil.”

The vice president said African oil producers “must keep in mind that oil and gas are only guaranteed as today’s resources, and not necessarily tomorrow’s.”