₦airaland Forum

STATE HOUSE PRESS RELEASE
OFFICE OF THE VICE PRESIDENT

PLANNING AN ECONOMY THAT WORKS FOR ALL NIGERIANS, BY OSINBAJO

*VP adds: Mr President’s priority is how to lift 100m Nigerians out of poverty

In order to bring about a society and economy that works for all especially the poor and vulnerable, Nigeria’s national development plans must among other things, promote economic diversification, be modern, ambitious, realistic, flexible enough to absorb shocks and adapt to swiftly changing national and international conditions, according to Vice President Yemi Osinbajo, SAN.

Prof. Osinbajo stated this on Friday in a keynote address delivered virtually at the 19th meeting of the National Council on Development Planning themed “National Development Planning in Nigeria: Issues and Challenges”.

According to the Vice President, “It is generally agreed that the primary purpose of planning in our economy is to accelerate growth and development outcomes that will improve the lives of Nigerians.

“To be meaningful, our planning processes must lead to tangible outcomes in the form of growth that exceeds population growth. Indeed, our plans must bring about an economy and society that works for all Nigerians.”

Referencing the Buhari administration’s Social Investment Programmes (SIPs) as an example of deliberate efforts aimed at ensuring inclusive growth, the Vice President said that an aspect of national planning that is often overlooked is how to manage distributional outcomes in a rapidly changing economic environment.

“This point is readily understood if we recall that the strength of feelings on issues like the national minimum wage or indeed the deregulation of PMS prices is related to their expected impact on the poor segments of society.

“It is accordingly important when drawing up national plans to take account of the interests of the more vulnerable members of society. This is why social investment and social protection are at the heart of the Buhari Administration’s policy interventions.

“Indeed, top of mind for Mr President is how to lift 100 million Nigerians out of poverty in this decade as we radically re-engineer the productive base of our economy in agriculture, manufacturing, mining and the digital and creative sectors,” the Vice President explained.

Summarizing the core objectives and targets of a desirable national development plan for the country, the Vice President emphasized that “our development plans must be inclusive and promote economic diversification”.

His words: “They must promote coordination among the various tiers of government as well as coordination between ministries, departments and agencies at all levels.

“Our plans must also be modern and ambitious and yet realistic and flexible enough to absorb shocks and adapt to swiftly changing domestic and international conditions

“Our plans must accelerate domestic resource mobilization and build capacities for planning, implementation and must create the best possible environment for the private sector to invest and operate

“At the core of thinking in our planning must be the aggressive incremental eradication of poverty and the creation of wealth and good-paying jobs. Our planning must be capable of meeting the aspirations and opportunities for a huge and growing youth population.”

The Vice President also tasked stakeholders to work hard to overcome challenges of implementation and coordination in the execution of the development plans noting that “implementation remains the Achilles Heels of our planning efforts. And another make or break issue for planning is coordination.”

Participants at the meeting include the Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed; the Minister of the FCT, Alhaji Mohammed Bello; the Minister of State, Budget and National Planning, Mr Clem Agba; Commissioners for Budget and Economic Planning from the 36 States, among others.


Laolu Akande
Senior Special Assistant to the President on Media & Publicity
Office Of the Vice President

There is no government in the history of Nigeria that is so concern about the Welfare of his people like this administration. Getting 100 million Nigerians out of poverty will be a huge success.

They must promote coordination among the various tiers of government as well as coordination between ministries, departments and agencies at all levels.

“To be meaningful, our planning processes must lead to tangible outcomes in the form of growth that exceeds population growth. Indeed, our plans must bring about an economy and society that works for all Nigerians.”

These words show willingness & commitment, but no government in the world can do it all alone for her citizens. Onus is bent on us all to be a part of the country's progress. Sadly, there are more beasts living in this country than real patriots.

An economy that involves all levels players will definitely boost our continue strive to be self sufficient in no time. Coming from you I believe it will be achieved

Secondly the Private sector must be willing to help the Govt create such an economic growth that will work for all Nigerians

This is a commendable one

The key points in Vice President Osinbajo's speech depict a man with insight:

“To be meaningful, our planning processes must lead to tangible outcomes in the form of growth that exceeds population growth. Indeed, our plans must bring about an economy and society that works for all Nigerians.”

“Our plans must also be modern and ambitious and yet realistic and flexible enough to absorb shocks and adapt to swiftly changing domestic and international conditions

“Our plans must accelerate domestic resource mobilization and build capacities for planning, implementation and must create the best possible environment for the private sector to invest and operate.

We are seeing the results of the current plans:

4000km federal, rural roads projects advancing steadily.

5.8M farmers enumerated under Mass Agric scheme.

New ICUs, Molecular Laboratories & Isolation Centres underway in 52 Federal Tertiary Health institutions

Pharmaceutical industries get N1bn support for unused raw materials.

Bio-vaccine laboratory expected soon.

This present administration have really showing concern about the welfare of this great nation, In the history of Nigeria their the best.

murecool:
STATE HOUSE PRESS RELEASE
OFFICE OF THE VICE PRESIDENT

PLANNING AN ECONOMY THAT WORKS FOR ALL NIGERIANS, BY OSINBAJO

*VP adds: Mr President’s priority is how to lift 100m Nigerians out of poverty

In order to bring about a society and econommy that works for all especially the poor and vulnerable, Nigeria’s national development plans must among other things, promote economic diversification, be modern, ambitious, realistic, flexible enough to absorb shocks and adapt to swiftly changing national and international conditions, according to Vice President Yemi Osinbajo, SAN.

Prof. Osinbajo stated this on Friday in a keynote address delivered virtually at the 19th meeting of the National Council on Development Planning themed “National Development Planning in Nigeria: Issues and Challenges”.

According to the Vice President, “It is generally agreed that the primary purpose of planning in our economy is to accelerate growth and development outcomes that will improve the lives of Nigerians.

“To be meaningful, our planning processes must lead to tangible outcomes in the form of growth that exceeds population growth. Indeed, our plans must bring about an economy and society that works for all Nigerians.”

Referencing the Buhari administration’s Social Investment Programmes (SIPs) as an example of deliberate efforts aimed at ensuring inclusive growth, the Vice President said that an aspect of national planning that is often overlooked is how to manage distributional outcomes in a rapidly changing economic environment.

“This point is readily understood if we recall that the strength of feelings on issues like the national minimum wage or indeed the deregulation of PMS prices is related to their expected impact on the poor segments of society.

“It is accordingly important when drawing up national plans to take account of the interests of the more vulnerable members of society. This is why social investment and social protection are at the heart of the Buhari Administration’s policy interventions.

“Indeed, top of mind for Mr President is how to lift 100 million Nigerians out of poverty in this decade as we radically re-engineer the productive base of our economy in agriculture, manufacturing, mining and the digital and creative sectors,” the Vice President explained.

Summarizing the core objectives and targets of a desirable national development plan for the country, the Vice President emphasized that “our development plans must be inclusive and promote economic diversification”.

His words: “They must promote coordination among the various tiers of government as well as coordination between ministries, departments and agencies at all levels.

“Our plans must also be modern and ambitious and yet realistic and flexible enough to absorb shocks and adapt to swiftly changing domestic and international conditions

“Our plans must accelerate domestic resource mobilization and build capacities for planning, implementation and must create the best possible environment for the private sector to invest and operate

“At the core of thinking in our planning must be the aggressive incremental eradication of poverty and the creation of wealth and good-paying jobs. Our planning must be capable of meeting the aspirations and opportunities for a huge and growing youth population.”

The Vice President also tasked stakeholders to work hard to overcome challenges of implementation and coordination in the execution of the development plans noting that “implementation remains the Achilles Heels of our planning efforts. And another make or break issue for planning is coordination.”

Participants at the meeting include the Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed; the Minister of the FCT, Alhaji Mohammed Bello; the Minister of State, Budget and National Planning, Mr Clem Agba; Commissioners for Budget and Economic Planning from the 36 States, among others.


Laolu Akande
Senior Special Assistant to the President on Media & Publicity
Office Of the Vice President

This is the government that always have the best for the people and the nation

There's no administration that has impacted the epople, to even low income earners, come up with several interventions, I recall it is difficult to acquire loan before this administration, to even go to commercial banks, their criteria alone will make you run but Buhari Osinbajo administration got us covered. To acquire loan is very easy, thanks to them

This Adminstration is really concern about the welfare of the country