Osinbajo said this at the 51st annual international conference of the Nigerian Society of Chemical Engineers (NSChE) in Lagos yesterday.
Represented by Ogbonnaya Onu, minister of science, technology and innovation, Osinbajo said that the federal government had worked assiduously to ensure that the country achieved economic diversification.
He said that the nation could not afford to be taken off guard as crude oil and gas were no longer the primary fuel that drives global economies.
According to him, this is because more technologically developed nations of the world have switched to clean and renewable energy.
The VP charged Nigerian manufacturers and stakeholders at the conference to produce almost everything needed in the country which would translate to fewer imports, a stronger currency and economy.
Earlier, Chief Dapo Abiodun, Governor of Ogun, in his goodwill message, lauded the theme of the conference as apt and pertinent.
Abiodun was represented by Mr Gbenga Dairo, the state Commissioner of Transportation. (NAN)