The drop in oil prices not withstanding, Nigeria has everything it needs to build and sustain a vibrant economy, Vice President Yemi Osinbajo has said.
“This country has practically what it takes to run a solid economy that is not dependent on oil, but on business and commerce,” the Vice President said Monday during a meeting with a group of international investors looking to invest in the country in the light of the new administration.
According to Mr. Osinbajo, the President already directed that a conducive environment be created for business investments in the country, adding that work had already started with government looking at the different aspects involved.
The Vice President, alongside the Minister for Industry, Trade and Investment, Okey Enelamah, had held a meeting earlier Monday with the World Bank Ease of Doing Business Ranking Team, where issues were laid out and specific lines of action identified on how to improve the business climate in the country.
At the the interactive session with visiting global investors, drawn from companies such as Renaissance Capital, Russia-China Investment Fund, China Africa Development Fund, Invest Abu Dhabi, Actis, Emerging Capital Partners, ECP, KKR & Co. LP, Old Mutual of South Africa, among others, Vice President Osinbajo explained that working with state governments and the Buhari presidency would ensure that issues such as pre-investment approvals, and acquisition of land titles would be reformed to ease investment in the country.
He said where necessary, government would reduce or merge agencies involved in granting approvals, thereby creating space for businesses to thrive.
Regarding the critical role of electricity in creating a conducive business environment, the Vice President stated that while the federal government would be making further investments in the sector, the entire power value chain would have to be well compensated in order to produce the needed results.
Prof. Osinbajo also restated the commitment of the Buhari administration to creating jobs through businesses and direct action of the government to engage the youths.
He said the 500,000 teaching positions for unemployed graduates worked into the 2016 budget is a means of engaging the youths in paid voluntary occupations in their communities until such a time they can find jobs in their different disciplines. Besides, he noted that the programme would also address the critical need for teachers in the public school system.
He also said the federal government would create opportunity for about 370,000 youths who are not graduates to receive vocational training and acquire skills, while one million artisans and market women would receive soft loans through the Bank of Industry as already proposed in the 2016 budget.
A former Minister of National Planning, Shamsudeen Usman, led the delegation of international investors, while Rachid Benmessoud, the Nigeria Country Director of the World Bank led the bank’s Ease of Doing Business Ranking Team’s visit to the Vice President.
Both meetings were attended by the industry, trade and Investment minister.

www.premiumtimesng.com/news/top-news/197805-nigeria-not-need-oil-develop-vp-yemi-osinbajo.html

Who really voted for these idiots. Tufiakwa, a very useless Professor.

Ok

Atlantian:
Who really voted for these idiots. Tufiakwa, a very useless Professor.

please kindly mention that useless statement that he made during his speech

Atlantian:
Who really voted for these idiots. Tufiakwa, a very useless Professor.

Bravo!! You succeeded in making a fool out of yourself. He is the Vice President of Nigeria in which you are a mere citizen with 0.0005% contribution. Who is your father ? U buy 10Mb bundle and waste it on spitting trash on NL. Please Make your life meaningful.

Atlantian:
Who really voted for these idiots. Tufiakwa, a very useless Professor.

Better than Ekweme abi nobi so he influenced our vote for Buhari just in case your block brains can't figure it out. Or don't know.

He should tell us what we need to develop as a nation.
Besides, Joseph was able to make headway while in Egypt.

This man should give us clue on how to go as a nation nau.

This government seems to be putting us on a permanent reverse as a nation. Chai!!!

500,000 teaching jobs? What is wrong with thee people? After teaching what next? more teaching? What happened to creating employment in areas where govt intends to generate revenue from e.g. Agriculture, tourism, mining, e.t.c. Are we going forward or backward?

Yeah what we need is incorruptible leaders.

Gbengais:


Bravo!! You succeeded in making a fool out of yourself. He is the Vice President of Nigeria in which you are a mere citizen with 0.0005% contribution. Who is your father ? U buy 10Mb bundle and waste it on spitting trash on NL. Please Make your life meaningful.

you don't have to be mean bro. Take it easy on him. Let him exercise his freedom of speech

Khan1993:
you don't have to be mean bro. Take it easy on him. Let him exercise his freedom of speech

I'm not being mean... Freedom of speech is not freedom of Fuckery and stupidity

.

Has our VP really travelled outside Africa since his resumption of office? Jst asking.

peacengine:
500,000 teaching jobs? What is wrong with thee people? After teaching what next? more teaching? What happened to creating employment in areas where govt intends to generate revenue from e.g. Agriculture, tourism, mining, e.t.c. Are we going forward or backward?

He also said the federal government would create opportunity for about [size=13pt]370,000[/size] youths who are not graduates to receive vocational training and acquire skills, while one million artisans and market women would receive soft loans through the Bank of Industry as already proposed in the 2016 budget.

when next you try to criticize please read the Article thoroughly...

If non oil producing countries can do,nothing stops us.
The discovery of oil in my own opinion is more of a curse than blessing to us.
It has made us a mono-economy.
Diversity is the bane of any developed nation

That is our major export as a mono cultural economy

Yomieluv:
If non oil producing countries can do,nothing stops us.

The discovery of oil in my own opinion is more of a curse than blessing to us.

It has made us a mono-economy.

Diversity is the bane of any developed nation

Yes you are right. It made us run a non-knowledge based economy but one depending on extrative industry.
Non-knowledge based economy is what made our manufacturing sector poor.
If we can take care of this our problems are over.
We need to change the way we teach our children. Everybody must go technical as a matter of national priority.
Lack of this is the reason foreigners are trouping into our country while the nationals are trouping out.
The difference is what each category can see- VISION, which is inspired by what you know- KNOWLEDGE.

And yet we keep removing subsidies ... OK ooooo

Atlantian:
Who really voted for these idiots. Tufiakwa, a very useless Professor.

abusing people is in your DNA or u inherit it pls go and c your physician

Mr VP. Please don't say that, We need the oil, but then we need everyother sector working because when they all work together like the parts of the human body, then can our collective goals and aspirations as a country be achieved.

I see nothing wrong with us having a thriving oil industry, plus steel, agro-allied, maritime etc sectors all operating efficiently side by side.

princesuko:


He also said the federal government would create opportunity for about [size=13pt]370,000[/size] youths who are not graduates to receive vocational training and acquire skills, while one million artisans and market women would receive soft loans through the Bank of Industry as already proposed in the 2016 budget.

when next you try to criticize please read the Article thoroughly...

We have heard enough of this story since time immemorial we need action and steps so that we can justify their seriousness not always telling us government will do this and will do that without major action

NavierStokes:
Mr VP. We need the oil

What have we achieved with it? Kenya have not yet explored their oil as we have but their currency is an equivalent of N208 to a dollar!

Pavore9:
What have we achieved with it? Kenya have not yet explored their oil as we have but their currency is an equivalent of N208 to a dollar!

Doesn't mean the UAE has not been able to do something with it, or bahrain or Kuwait. Hope you know 3.3 dollars makes a kuwaiti dinar!!!

NavierStokes:


Doesn't mean the UAE has not been able to do something with it, or bahrain or Kuwait. Hope you know 3.3 dollars makes a kuwaiti dinar!!!

We have not well managed ours rather made the system lazy!

Pavore9:
We have not well managed ours rather made the system lazy!

That's why i am advocating for all systems running together, we have the potential to be among the g8 countries if we get all sectors of our economy performing concurrently.

killing Buhari psychologically and emotionally is a task everyone should embark on


NAPOLEON

NavierStokes:


That's why i am advocating for all systems running together, we have the potential to be among the g8 countries if we get all sectors of our economy performing concurrently.

I share your view.

NapoIeon:
killing Buhari psychologically and emotionally is a task everyone should embark on


NAPOLEON

Count me out.

Hmmm

NapoIeon:
killing Buhari psychologically and emotionally is a task everyone should embark on


NAPOLEON

Seconded