Renowned engineer, investor, and Director for Houston-based National Oilwell Varco, Dr. Babajide Agunbiade, has advised Sub-Saharan Africa to focus on exploring the use of oil and gas to support their economies.
He stated, however, that the wind of change is not taking place as much as it should in sub-Saharan Africa. He said, “However, in Africa, it is still the only commodity that can satisfy the demands of an increasing population, an expanding middle class, and in some cases, the main source of governments’ earnings. We still have a lot of oil.
The National Oilwell Varco director said 90 per cent of the earnings of the Nigerian government come from oil and the same as Angola, Gabon, and the rest of oil-producing countries in sub- Saharan Africa.
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