Tuesday, February 2

VP Yemi Osinbajo reveals development for Nigeria

The federal government is making considerable progress in the light of establishing long term projects in the country. Vice president Yemi Osinbajo, on speaking to members of the Lagos Chamber of Commerce and Industry in Abuja, stated that international bodies have shown positive interest in helping the nation’s project implementations. He made this statement today Tuesday, February 2nd, he said:

 “We have seen considerable, favorable interests from some sovereign wealth funds and other nations.”
He also stated that the Nigerian Sovereign Investment Authority is in charge of the project even as other partners are expected to join forces with the federal government so that the nation’s infrastructures can be optimally developed.

Osinbajo added that the China-Exim bank has signified intentions to fund railway projects which should link major commercial cities like Lagos, Kano and Calabar. It is expected that this projects will foster growth and development in the local economy. He said:

“We expect there will generate some economic activities and create jobs.”
According to the vice president, this is all in a bid to internally generate funding for the budget.
Chief Mrs. Nike Akande, a member of the Lagos Chamber of Commerce and Industry, who was present at the meeting in Abuja expressed support for the federal government in its current endeavours.

Akande admitted that the present economic realities in the nation do not leave president Buhari with any easy options. She also called upon the Central Bank of Nigeria to implement better foreign exchange policies to help revamp the local economy and attract more foreign investors.

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