Skip to main content

Osinbajo: 'The private sector will rise up to help Nigeria'

Osinbajo states that the plan envisages an investment commitment of N348trillion over a period.

The private sector's strong partnership with the federal government will help drive Nigeria’s new National Development Plan, says Vice President Yemi Osinbajo.

The vice president stated this last Friday, at the 2021 Presidential Policy Dialogue of the Lagos Chamber of Commerce and Industry (LCCI).

According to Osinbajo, "The private sector, on which so much depends and which is so well represented here, will rise up to help Nigeria achieve these noble objectives by working closely with government.”

Th vice president also disclosed that the collaboration between government and the private sector "must promote productivity and value addition and move away from the despair of managing limited resources to producing and creating more in a competitive and sustainable manner."

The vice president further said that through the new National Development Plan, the federal government is placing particular focus on job creation, value addition, and promoting a business-friendly environment.

Explaining how the collaboration will be implemented, Osinbajo stated that the plan “envisages an investment commitment of N348trillion over the plan period of which it is expected that government at all levels will come up with about N49.7trillion or about 14%, while the private sector is expected to invest N298 trillion or about 86%.”

He disclosed that the federal government will continue to take deliberate steps to encourage the private sector by improving the country’s business environment, and by enabling more speedy transactions and removing bureaucratic obstacles.

ridoola.blogspot.com.ng
Labels:

Comments

Post a Comment

Popular posts from this blog

Okpebholo suspends A-G & LG Chair under 3 months over finance dealings

The Edo Government has announced the suspension of Samson Osagie , its Attorney-General and Commissioner for Justice, and Damian Lawani , chairman of the Local Government Service Commission. Mr Musa Ikhilor , Secretary to the State Government (SSG) announced the suspension in a statement in Benin on Thursday morning. ALSO READ: Kano Govt suspend 2 school principals for alleged absenteeism, negligence Ikhilor said the two-state top officials were suspended over allegations of “grave official and financial interactions”. Okpebholo suspends Edo Attorney-General and LG Service Commission Chairman According to him, the suspension, which takes immediate effect, is pending the conclusion of an investigation into the allegations. The SSG said; It is hereby announced for the information of the general public that Gov. Monday Okpebholo has approved the suspension from office of the Chairman of Edo Local Government Service Commission, Damian Lawani and Commissioner for Justice, Samson Os...
Post a Comment
Read more

Tinubu appoints MKO Abiola's son, Jamiu as SSA on Linguistics & Foreign Matters

President Bola Tinubu has appointed Jamiu Abiola as the Senior Special Assistant to the President on Linguistics and Foreign Matters. The appointee is one of the children of the late Chief Moshood Kolawole Abiola , the winner of the 1993 presidential election annulled by General Ibrahim Babangida . According to a statement by Segun Imohiosen , the Director of Information and Public Relations, Office of the Secretary to the Government of the Federation on Wednesday, November 27, 2024, Jamiu's appointment took effect from November 14, 2024. Imohiosen said the appointment aligns with the provisions of the Certain Political and Judicial Office Holders (Salaries and Allowances, etc) Act 2008, as amended. Until his recent deployment, the appointee served as the Special Assistant to the President of Special Duties in the office of the Vice President. Tinubu tasked Jamiu to work closely with the Federal Ministry of Foreign Affairs and bring his wealth of experience to bear in his new ...
Post a Comment
Read more

Protesters block East-West road in Rivers, demand action on poverty & hunger

The protesters chose to spotlight the East-west road in the expression of their anger over hunger, poverty and infrastructure deficit in the supposed viable business area. The ongoing nationwide protest, on Monday, spread to the Eleme/Onne section of the East/West Road of Rivers as a large crowd of protesters stormed the popular section connecting the Port Harcourt refineries. The News Agency of Nigeria (NAN) reports that the Akpajo axis of the East-West Road, up to the entrance leading to Indorama Petrochemicals, was taken over by angry protesters, who disrupted free vehicular movements. The East-west road is a major route connecting Port Harcourt city to key business facilities, like the Onne seaport, Port Harcourt refineries, Indorama Petrochemicals and more than six Local Government Areas of the state. The protesters, who carried on their activities peacefully, displayed placards with inscriptions, expressing dissatisfaction over the pervasive poverty, hunger and high cost of ...
Post a Comment
Read more