Vice President Yemi Osinbajo has said that despite the monumental challenges posed by climate change, especially energy transition and related issues, the coming decade anchored on the African Continental Free Trade Area offers great opportunities for Africa’s socioeconomic transformation.

Vice President Yemi Osinbajo has said that despite the monumental challenges posed by climate change, especially energy transition and related issues, the coming decade anchored on the African Continental Free Trade Area offers great opportunities for Africa’s socioeconomic transformation.

This is as he said that a slight reduction in the customs procedures could drive up Nigeria and other members’ revenues by at least $250bn.

Osinbajo stated this on Wednesday in a message delivered at the closing of the 2021 Conference of African Insurance Practitioners, themed ‘Rebuilding Africa’s economy: An insurance perspective’.

Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, disclosed this in a statement titled, Monumental challenges, great opportunities ahead of Africa next decade- Osinbajo.