Osinbajo tasks D-8 countries on industrial cooperation, others

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Ifeanyi Onuba, Abuja

Vice President Yemi Osinbajo on Tuesday called on ministers of industry, trade and investment from the developing eight countries to fashion out workable strategies that would boost the level of industrial cooperation and economic integration among them.

He said this while declaring open the sixth D-8 Ministerial Meeting in Abuja.

The D-8 was established in 1997 to primarily promote industrial and other economic activities in the global economy using the same platform to fast-track the position of member countries’ activities.

Countries that make up the D-8 are Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey.

Osinbajo said maintenance of peace and justice in the D-8 countries was necessary, especially with the social upheavals, conflicts and tensions flaring up everywhere.

He told the ministers that while the global economy was having a challenging time, there were huge opportunities for countries that made up the D-8 group.

He said, “The fall in commodity prices has led us to deepen diversification of our economies and challenge industries to greater productivity and cost effectiveness.”

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