Nigeria has faced heightened uncertainty over whether President Muhammadu Buhari plans to contest the next election. Buhari, 74, took power in 2015 but has been absent for much of this year due to illness.

Osinbajo, a 60-year-old law professor, served as acting president during Buhari’s absences, succeeding in calming tensions in the oil-producing Delta region and pushing small steps to improve the business climate, including foreign currency reforms. This led some business leaders to say that he could provide stability by running for president himself in 2019.

Asked at the FT Africa Summit in London if he had considered running, Osinbajo said he hadn’t thought about it, adding: “None of that is on the cards.”

Osinbajo also said that militants in the oil-producing Niger Delta Region no longer posed a significant threat to oil production.

He said Nigeria had lost as much as one million barrels per day (bpd) of oil last year amidst militant attacks on oil and gas infrastructure, which were concentrated in the region. It was now pumping roughly 1.85 million bpd and climbing towards two million bpd. That is closer to its top production of around 2.2 million bpd.