How private sector can rebuild Nigeria’s economy –Osinbajo

Vice President Yemi Osinbajo has said that if fully utilized, the private sector in the country has the wherewithal to move the Nigerian economy forward.

According to him, the sector needs to be appreciated for what it has to offer at this critical period, when diversification is the focus of government.

He also noted, that the President Muhammadu Buhari-led administration is keen on actively encouraging private sector initiatives that can build the Nigerian economy.

The Vice President spoke over the weekend in Lagos where he had gone with the Lagos State Governor Akin Ambode and a number of federal ministers to visit the ongoing construction of the multi billion naira Dangote Refinery.

Read also: Dangote to invest $12bn in planned refinery

The ministers were those of Power, Works & Housing, Raji Fashola; Industry, Trade & Investment, Okey Enelamah; Finance, Kemi Adeosun and Solid Minerals Development, Dr. Kayode Fayemi.

“We can talk about how the private sector contributes to the economy of a nation and how easily we understand that it is the private sector that is the engine of growth for any economy. But unless you actually see it in action, you will not fully appreciate what that means.

Continuing he said “this particular visit is a very important one for us because it demonstrates very clearly what it means by the private sector being the engine room of growth in our economy.

 

 

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