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Nairaland Forum / Nairaland / General / Politics / Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy (5741 Views)
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Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by presidency: 9:15am On Nov 03, 2017 |
Office Of The Vice President: Press Release World Bank Doing Business Report On Nigeria Fantastic, & Is Proof That Buhari Administration's Reforms Are Working, Says Osinbajo. FG Will Not Rest On Its Oars On Improving The Nigerian Economy. *VP Adds That Presidency Will Make Dramatic Policy Changes In Oil & Gas Sector If Necessary. *“The present administration remains focused on making necessary even if dramatic policy shifts in this sector to grow, deepen and open up the business and opportunities in Nigeria’s Oil and Gas Sector” – VP Osinbajo. Despite Nigeria’s latest impressive ranking in the World Bank’s latest ‘Doing Business’ report, the Buhari administration will continue to actively pursue its reform agenda to keep improving the nation’s economy, according to Vice President Yemi Osinbajo, SAN Prof. Osinbajo further said the oil and gas industry in Nigeria stands to benefit greatly from the administration’s Ease of Doing Business reforms. He said this in his speech on Thursday to mark the 55th anniversary of the Oil Producers Trade Section (OPTS) of the Lagos Chambers Of Commerce and Industry (LCCI) at the Eko Hotel & Suites, Lagos, with the theme: Nigeria: An Investor Friendly Destination. The Vice President noted that Nigeria’s latest ranking in the World Bank’s report was an indication that the Buhari administration’s reforms were producing results. “On Tuesday, the World Bank released its latest report, in which Nigeria achieved the unprecedented step of climbing 24 places in the rankings, and earning a place on the list of 10 most improved economies in the world. “This is fantastic news, but by no means an excuse for us to slow down. Instead we’re taking it as the very reason why we need to ramp up our reforms, for the benefit of Nigeria. There is still work to be done in reducing bureaucratic bottlenecks in the award of contracts and generally in obtaining approvals. "It is for this reason – the creation of a business environment that catalyses business activity and investment - that this year alone we have issued an Executive Order focusing on improving the business environment, and launched two National Action Plans designed to be short-term interventions aimed at implementing specific business environment reforms. The second National Action Plan is ongoing, and we expect that it will yield results across every sector of the economy, including the OPTS.” Prof. Osinbajo further said the Federal Government, through its sector road map launched in October 2016, is making inroads towards reforming and repositioning the nation’s oil and gas industry. He added that the administration has developed and obtained the approval of the Federal Executive Council for a new National Oil Policy and a new National Gas Policy. Prof. Osinbajo said, “The roadmap has very specific time-focused targets and like the many bold steps we have taken in this sector since the inception of the present administration, we remain focused on making necessary even if dramatic policy shifts in this sector to grow, deepen and open up the business and opportunities in Nigeria’s Oil and Gas Sector. “In 2016, the Nigeria upstream sector of the oil and gas industry was challenged by the menace of upstream assets vandalism. From a peak production of over 2.30 Million barrels per day recorded at the beginning of 2016 we witnessed a decline to an almost all-time-low of about 1.0 Million barrels per day per day due to incessant vandalism. Many indigenous producers suffered perhaps more than other players in the industry. “Thankfully due to our sustained engagements with the Niger Delta, our production has ramped up to about 2.1 million barrels per day from our 2016 crude oil production average of about 1.80 million barrels.” While calling for more private sector participation in the oil and gas infrastructure development projects, the Vice President emphasised that the Buhari administration will continue to address development in the Niger Delta through its New Vision for the region. “We will continue to address Niger Delta issues and build a peaceful and prosperous Niger Delta, with emphasis on job creation for our teaming unemployed youths, investment in infrastructure, energy and promotion of sustainable livelihood,” he said. Laolu Akande Senior Special Assistant to the President on Media & Publicity Office of the Vice President 2nd November, 2017 3 Likes 1 Share |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by Touchey: 11:38am On Nov 03, 2017 |
really? 1 Like |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by nnaemmy(m): 11:38am On Nov 03, 2017 |
nice move o 1 Like 1 Share |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by Proudlyngwa(m): 11:39am On Nov 03, 2017 |
That's great. Also remember that achieving a status is not as difficult as maintaining it. More effort should also be put in training artisans. Meanwhile do we have a verification outlet for such news. 1 Like 1 Share |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by mosegifted: 11:39am On Nov 03, 2017 |
Rubbish 12 Likes |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by kingPhidel(m): 11:39am On Nov 03, 2017 |
Ok |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by designer01(m): 11:40am On Nov 03, 2017 |
14 Likes 1 Share |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by GavelSlam: 11:41am On Nov 03, 2017 |
We cannot rest. |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by Nobody: 11:41am On Nov 03, 2017 |
. |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by asawanathegreat(m): 11:41am On Nov 03, 2017 |
D economy is u people's primary responsibility to make is in order. So don't tell us what we already know. 2 Likes |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by Ayo4251(m): 11:41am On Nov 03, 2017 |
F |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by free2ryhme: 11:41am On Nov 03, 2017 |
presidency: Lies of the highest order 4 Likes 1 Share |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by EncephalonPikin(m): 11:41am On Nov 03, 2017 |
Who is the Presidency? 3 Likes 1 Share |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by asawanathegreat(m): 11:42am On Nov 03, 2017 |
D economy is u people's primary responsibility to make sure is in order. So don't tell us what we already know. |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by sammyj: 11:42am On Nov 03, 2017 |
If this is the case , then i rest my case!!! |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by free2ryhme: 11:43am On Nov 03, 2017 |
Proudlyngwa: pls explain, as if you understand the rubbish that written 9 Likes 1 Share
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Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by bayocanny: 11:43am On Nov 03, 2017 |
May thunder strike both the president and the presidency Nonsense!!! 12 Likes 1 Share |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by Giddiebabalaw(m): 11:43am On Nov 03, 2017 |
Same story everyday... 2 Likes 2 Shares |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by PointZerom: 11:43am On Nov 03, 2017 |
Who's the presidency? 1 Like |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by Nobody: 11:43am On Nov 03, 2017 |
mosegifted: You voted for change na! 2 Likes 1 Share
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Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by Nobody: 11:44am On Nov 03, 2017 |
bayocanny: You never see anything!!
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Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by qtrim: 11:44am On Nov 03, 2017 |
So the president can not talk again, everything now is said by a shadow called the presidency. The president don't have mouth to comment on anything concerning this country. OK o 6 Likes 1 Share |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by Redhot111(m): 11:45am On Nov 03, 2017 |
The same federal government dat destroyed the economy to the core wants to build it... What an irony. We are watching and waiting 9 Likes 2 Shares |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by donnie(m): 11:46am On Nov 03, 2017 |
These people can blow grammar! Okay. FG will do this... FG will do that... 2019 dey come. 7 Likes 1 Share |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by kkevin: 11:46am On Nov 03, 2017 |
This Administration doesn't feel the need for a connection between them and the people Nothing has Happened under this Administration to better the Lives of the people. All I can see is NewsPaper Headlines, and nothing much. No real impact. Nothing. No economic Blueprint or road map. All we get by the day is noise The Economy keeps improving, yet the people are dying of hunger and starvation. 6 Likes |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by PETERENI1(m): 11:47am On Nov 03, 2017 |
Which Economy? Is it the one of ASOROCK or that of National Assembly? Just Asking oh! 3 Likes |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by Foodforthought: 11:47am On Nov 03, 2017 |
Story |
Re: Press Release: FG Will Not Rest On Its Oars On Improving The Nigerian Economy by Hushpuppi: 11:47am On Nov 03, 2017 |
We hope so |
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