Vice President Yemi Osinbajo on
Wednesday unveiled the economic
blueprint of President Muhammadu Buhari,
stating that the Federal Government
would invest more in social sectors to
reduce poverty.
Osinbajo, while speaking at the 45th
Annual Accountants Conference and 50th
Anniversary celebration of the Institute of
Chartered Accountants of Nigeria, said
the government would be investing more
in the people, education, and job creation.
Other areas where investment would be
stimulated are national school
feeding scheme, conditional cash transfer
and reflating the economy of the states
to boost development.
Speaking on the topic ‘Repositioning
Nigeria for Sustainable Development: From
Rhetoric to Performance’, he said
the multiplier effects of the introduction
of the scheme would help to create 1.14
million new jobs; increase food production
by up to 530,000 metric tonnes per
annum as well as attracting fresh
investments of up to N980bn.
He said while some of the economic
blueprint had already been put in place by
the Buhari administration, including
the bailout package for the workers in
the country, others were currently being
worked out.
Osinbajo added, “One of the most
important interventions required in
the education sector is capacity building
to improve teacher quality. This
programme is intended to drive teachers
capacity development; boost basic
education; attract talents to the teaching
profession. Better educated population
increase economic potential for
productivity.”
He reiterated that the All Progressives
Congress “has made a commitment to
provide one-meal-a day for all primary
school pupils that will create jobs in
agriculture, including poultry, catering
and delivery services.”
While stating that although Nigeria had
recorded rising oil prices, Gross Domestic
Product and foreign reserves during the
previous administrations, he lamented
that unemployment had remained on the
rise at the same time.
This, according to him, has made it clear
that such figures, including a rise in
revenue by itself, does not create jobs or
significantly reduce poverty level in the
country.
The Vice President stated, “The growth
recorded in the past 16 years did not
translate into job creation and poverty
reduction for Nigerians. So, why are most
(of our people) poor despite rising
revenues and GDP growth?
“Our main revenue earners, the extractive
oil and gas economy, do not
by themselves create many jobs. Such is
the irony of a top-down economic model,
when the major revenue earner is
extractive and the value chain is
poorly developed.”
On the conditional cash transfer
programme, Osinbajo said this was
another avenue for alleviating poverty.
He explained that the programme was
intended to support the 25 million poorest
households to embrace
vaccination, education and production.
The multiplier effects of the introduction
of the programme, he noted, would
include lifting millions out of poverty;
putting millions into rural production; and
boosting rural economy.
He added that there was a need for the
government to improve on the power
sector; and having one-stop shop for
approvals of investments.
Other areas of focus, he listed as
innovation and fighting piracy;
diversification of the economy in the
areas of agriculture – self-sufficiency in
rice and wheat (staples) production;
manufacturing; entertainment and
technology.
On the power sector, he noted
further that “despite the challenges, there
have been measurable improvements over
the past three months (June to
August 2015)”.



Afam4eva
Lalasticlala

Toh where my wailin wailers again...take note oo..

.

,

Mr VP make sure Buhari, Lie Mohammed, Garba and co are in copy of and signatory to this ur economic policies before they will deny the next day..

Lies and denials are now inseparable with ur government.

Enough of all the long talks, just strt acting already...



Car owners, check my signature...

Raymondenyi:
Enough of all the long talks, just strt acting already...



Car owners, check my signature...

true talk

Who cares

Dullard

Whether it's a yellowprint or greenprint, all we want is improved living conditions of the masses.
God will help them.

PMB pls translate it into action

Very soon we shall see the red print

Economic plan ko , app bail out plan in

Na dem sabi

I wish SA will become the largest economy in Africa again after Nigeria has experienced 4 straight years of clueless economic direction

Good on papers but "How do you want to implement it? How is it going to be finance? What is the time frame of the implementation? These are questions people should ask APC led government. The era of making bogus promises without visible implementation plan is gone. People are getting tired of talking without action. THIS IS TIME TO ACT..

mianyaegbu:
Mr VP make sure Buhari, Lie Mohammed, Garba and co are in copy of and signatory to this ur economic policies before they will deny the next day..

Lies and denials are now inseparable with ur government.

I don't really envy this prof. He's talking as if he's a serious stakeholder in this government's policy formulation. Unless he's very fluent in hausa language.

The one he'll soon deny


Gerraraaa hia mere commisioner.

blizard44:
The one he'll soon deny


Gerraraaa hia mere commisioner.

lol.

Alaanyihaji:
I don't really envy this prof. He's talking as if he's a serious stakeholder in this government's policy formulation. Unless he's very fluent in hausa language.

lol..

Honestly I never heard our former vp talked in public but this one too dey talk. Does it mean that the former vp is not.... Finish the statement

Empredboy:
Honestly I never heard our former vp talked in public but this one too dey talk. Does it mean that the former vp is not.... Finish the statement

hmmmmm