Buhari's administration will support private sector initiatives to grow economy_ VP

The Vice President, Prof. Yemi Osinbajo SAN has
stated that President Muhammadu Buhari is keen
on actively encouraging private sector initiatives
that can build the Nigerian economy.
Asserting that the private sector in the country
has what it takes to move the Nigerian economy
forward if fully utilized, Osinbajo noted that the
sector needs to be appreciated for what it has to
offer at this critical period, when diversification is
the focus of government.
The Vice President spoke at the weekend in
Lagos where he had gone with the Lagos State
Governor, Akinwumi Ambode and a number of
federal ministers to visit the ongoing
construction of the multi-billion naira Dangote
Refinery. The ministers were Power, Works &
Housing Minister Raji Fashola, Industry, Trade &
Investment Minister Okey Enelamah, Finance
Minister, Kemi Adeosun and Solid Minerals
Development Minister, 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,” Osinbajo
said.
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,” he stated after him and his team were
briefed on the progress of the construction of a
650,000 barrels per day refinery by Alhaji Aliko
Dangote and his executives.
The Vice President said the refinery being
constructed by the Dangote Group would
contribute to the development of Nigeria, and
aside boosting oil production and the economy
as a whole, it will create employment for many
citizens of the country.
He extended the President’s encouragement to
Dangote and his group, adding that: “I think that
just looking at what has been done and looking
at the projections for what would be done here, it
is very clear that this is a part of growth for the
nation and that is why supporting what you are
doing here is not a favor that would be done to
the Dangote Group but it’s an important part of
our own building the Nigerian economy.”
DailyPost