Every time Nigeria was meant to sink, we soared – Osinbajo


Vice President Yemi Osinbajo said Nigeria had defied the expectations of those who wished the country ill.

He said this on Thursday during the official commissioning of the Bankers House of the Chartered Institute of Bankers of Nigeria (CIBN) in Abuja.

Osinbajo further noted that Nigeria is ready for great heights not only because it is “a nation of big dreamers and big doers” but also for the resilience of its people and their great potential.

He said the Federal Government understands the critical role the private sector plays in creating value for the Nigerian economy and is therefore focused on harnessing opportunities for collaboration to usher Nigeria into a new, more prosperous decade.

“With a population constituting the largest market on the continent, a growing demographic of ambitious and tech-savvy young people, accelerating regional integration and connecting to new markets, Nigeria has been presented with an unprecedented opportunity to launch the country into a new decade of sustained prosperity. An opportunity that we are fully committed as a government to translate into lived realities for millions of Nigerians across the country. »

“Whenever Nigeria was expected to sink, we soared and rose above our troubles. We drew joy from the depths of despair and found the courage to carry on, even in the most challenging challenges. The Nigerian spirit remains unflappable and consistently bankable.

“Realizing our country’s potential, at this crucial time, will require the careful choreography of government policies that remove all obstacles in the way of those who are determined to pursue their dreams and build businesses.”

Osinbajo highlighted the impact of government policies in this regard, including the work of the Presidential Business Environment Council (PEBEC) to improve Nigeria’s business environment and economy.

The Vice President noted that over the past six years, the Buhari administration, through PEBEC, has “aggressively pursued the creation of an environment that enables Nigerian businesses, at all levels, to to operate without the bottlenecks and inconveniences that characterize their interface with agencies and regulators.

He added that the administration is also “building on the progress of these reforms and aggregating lessons from some of the setbacks in its implementation,” with the launch of the 7th National 60-Day Action Plan (NAP 7.0) PEBEC on the ease of doing business. .

“We will consolidate achievements in removing regulatory constraints around agricultural exports, promoting electronic tax filing and working closely with states to make their own business environments more user-friendly,” the vice president added.

Emphasizing the importance of a “conscious reliance on private enterprise and initiative” in the successful implementation of the plan, the Vice President said: “The plan commits the government, at all levels, to an investment of about 49.7 trillion naira, and envisages private sector investment of 298 trillion naira, making a total of 348 trillion naira.

“Implementation of the plan should be supported by a series of fiscal, monetary and trade measures, including more intentional promotion of productivity and value addition,” he added.

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