Vice President, Professor Yemi Osinbajo, has restated the Federal Government’s commitment towards infrastructural and national economic development.
Professor Osinbajo stated this on Tuesday at the one-day investors’ webinar organized by the Bureau of Public Enterprises, BPE, in collaboration with the Nigerian Exchange Group and Nigerian Investment Promotion Commission, NIPC, with the theme: Showcasing Investment Opportunities in the Federal Government of Nigeria’s Privatization and Economic Reform Programme.
The Vice President who is also the Chairman of the National Council on Privatization also urged local investors and the international investment community to take advantage of the many opportunities offered by the Nigerian economy.
In his keynote address, while declaring the Webinar open, the Vice president noted that the Buhari administration places a premium on mobilizing private capital and participation for improving efficiency and driving economic growth.
He also noted that past sector reforms in Nigeria have brought about increased opportunities and extensive economic and social gains, including the pension scheme, telecommunications, port, and power sectors.
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Osinbanjo stressed that despite the challenges in the country, the Buhari administration remains committed to improving the country’s infrastructure and power sector.
He stated that “the Federal Government is working with key stakeholders in the sector to address some of the various challenges impeding its growth.
While Underscoring the importance of the Public-Private Partnership model in promoting infrastructure development and driving economic growth, the Vice president highlighted the success being recorded by the administration’s tax credit initiative, especially in the area of road construction.
(Editor: Abaje Usekwe)
