By Raphael Jov, Abuja
Nigeria’s Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has officially been announced as the President of the African Petroleum Producers’ Organization ( APPO).
Kachikwu’s announcement was made on Monday at the opening ceremony of the Extraordinary Session of the Council of Ministers of APPO.
The minister replaced Chadian oil minister Michel Boukar.
Vice President Prof Yemi Osinbajo while declaring open the extraordinary session applauded the emergence of Dr. Kachikwu as the President.
He said human capital, which according to him, will ensure future economic growth and development will also need a united Africa front in the global energy discussion.
He asked the APPO fund to be opened to all, to allow private sector investments just like Organization of the Petroleum Exporting Countries (OPEC) in order to overcome financial challenges as Africa has no reason or excuse to fail.
The event was organised by the Ministry of Petroleum Resources, Nigeria and in Abuja and underpins that a revitalised APPO will contribute tremendously to the development of the African Oil and Gas industry.