NJ Ayuk: ‘When Oil is Found, We Abandon Agriculture’
CEO of Centurion Law Group NJ Ayuk was interviewed by eNCA about the issues of corruption and mismanagement in Africa’s oil and gas industry, which are addressed in his new book, Big Barrels: African Oil and Gas and the Quest for Prosperity.
“What solutions we are suggesting is that it has to come from leadership; it has to come from real political will to attack and combat these issues,” said Ayuk.
Ayuk stressed the importance of using oil and gas resources to create development in non-oil sectors, such as agriculture.
“The traditional problem in Africa, is that when oil is found, we abandon agriculture. We abandon industries. We abandon what has created the African market. A traditional African economy is based on agriculture,”Ayuk said. “One other thing you can also focus on is saying, ‘How do you use these oil resources to create development in Africa in non-traditional and non-oil sectors.”
As an example, Ayuk said gas that is being flared across the continent can be used to create ammonia and fertilizer plants to help grow the agriculture industries.
Co-written with João Marques, Big Barrels analyzes case studies of African oil and gas success stories.
Watch the interview here:
January 21, 2021The AfCFTA: Future of Sports and Entertainment in an Economically United Africa
December 17, 2020Angola’s Ongoing privatisation programme: What opportunities?
December 9, 2020Tax administration in Guinea: A reorganization up to the challenges!
December 9, 2020Centurion Law Group Submits Request for Transparency to Spanish Minister of Justice on Villajero/Massoko Case
November 30, 2020Spanish Police Commissioner José Villarejo, the Diario Rombe Blog and Delfin Mocache Massoko to be sued for engaging in Scheme to Extort and Spy on African Companies and Officials