Vice President, Yemi Osinbajo said that the Federal government has spent N1.7 trillion on capital investment in two fiscal years Vice President, Yemi Osinbajo said that the Federal government has spent N1.7 trillion on capital investment in two fiscal years
The Vice President made this claim when he was addressing participants at the 9th Presidential Quarterly Business Forum, held at the State House Banquet... Vice President, Yemi Osinbajo said that the Federal government has spent N1.7 trillion on capital investment in two fiscal years

The Vice President made this claim when he was addressing participants at the 9th Presidential Quarterly Business Forum, held at the State House Banquet Hall.

The vice president said that infrastructure development was important to economic growth and job creation.

He appreciated the commitment of the participants in extending the efforts being made by the Industrial Training Fund(ITF) and the Nigeria Employers’ Consultative Association(NECA) on skills acquisition.

He said: “These must take into account the need to provide real value to the private sector through the ITF scheme and where necessary”.

“It will also be important that we commit to constituting sector skills councils and encourage the development of these councils for various sectors, especially in sectors we have identified as being of priority for job creation”.

“I am convinced that we can crack the jobs problem and we are in the right direction.

“First, by Investing in infrastructure; we are investing more in infrastructure today than any previous governments in our history”.

“We have spent so far in two budgets, N1.7 trillion in capital investment, that is the largest in the history of the country despite earning 60 per cent less; we are doing far more with far less resources”.

Osinbajo also said that the Federal government is doing all it can to improve the power situation of the country.

With the view of enhancing the capacity of business people by boosting power supply, Osinbajo stated that the federal government was making plans to review the previous power privatization.

He added that Job creation had been a priority of President Muhammadu Buhari.

He said further that the surest way of creating jobs was by enabling the private sector to do business easily.

No comments so far.

Be first to leave comment below.

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.