World Economic Forum: Osinbajo Talks Lack of Electricity, Oil Crisis, and Cellphones in Davos

Osinbajo
Photo Credit: Dayo Oyewo

On the third day of the World Economic Forum in Davos, where leaders in politics and business meet to discuss aims to create the foremost global partnership of business, political and intellectual benefit to the community, Vice President Yemi Osinbajo second in command of our nation is very involved in panel discussions ranging from pan-Africanism to the oil crisis.

Vice President Osinbajo left Nigeria on Thursday to represent the country at this year’s World Economic Forum in Davos, Switzerland. In a statement from his special assistant to media and publicity, the Vice President will be participating in a number of panels highlighting the prospects of the Nigerian economy under President Muhammadu Buhari and will also be meeting other leaders.

This is the first time the newly minted Buhari administration is at the Davos forum.

In one particular panel, held on Thursday, Osinbajo met with other African world leaders on “Africa’s Next Challenge”. The panel was also comprised of Paul Kagame, the President of Rwanda; Hailemariam Dessalegn, the Prime Minister of Ethiopia; Akinwumi Ayodeji Adesina, the president of the African Development Bank; Hans Vestberg, CE of Ericsson; and moderator Bronwyn Nielsen from CNBC Africa.

As we know all too well, lack of access to electricity and consistent power is one of the biggest challenges facing Africa.

Adesina made a poignant remark during the talks stating: “135 years after Edison invented the electric bulb, Africa is still dark. We think it’s not acceptable.”

The panel also discussed technology, use of mobile phones, and arable land.

The vice president is expected to be back to Abuja on Saturday.