Osinbajo Asks Nigerians To Focus More On States’ Spending

Vice President Yemi Osinbajo has called on Nigerians to focus more on the expenditure of state governments rather than the Federal Government.

Professor Osinbajo made the call on Wednesday while speaking at a civic innovation hub in Abuja, the Federal Capital Territory.

He criticised the low internal revenue generated from states, noting that state governors should be held responsible in the area of healthcare funding.

The vice president reiterated that Nigeria’s biggest challenge remains corruption and integrity.

According to him, if 70 per cent of Nigeria’s resources went into the right channels, the nation wouldn’t be in its current situation.

Osinbajo further took a swipe at politicians who go into office simply to loot the public treasury instead of fulfilling the promises made to the people ab initio.

VP Osinbajo Assures Leah Sharibu Will Be Rescued Soon

Vice President, Yemi Osinbajo, has assured Nigerians that Leah Sharibu, a Dapchi schoolgirl yet to be released by Boko Haram, will soon regain her freedom.

Sharibu, a Christian girl among the students abducted from Government Girls’ Science and Technical College in Dapchi area of Yobe has remained with the insurgents for refusing to renounce her faith.

The Vice President gave the assurance at a concert in commemoration of the Easter celebration, yesterday in Lagos.

He described the cross on which Jesus Christ was nailed as a symbol of victory for those who believe in the Lord Jesus.

According to Osinbajo, victory was always assured in every challenge.

He said, “As I understand the Cross, I believe that what happened was so unique. Apart from the death, there was a trial before victory. Christ was accused of many crimes and given a death sentence.

“What Christ went through was beyond dying. He had already taken the pain that is why we can proudly say that the Cross is an evidence of our own victory.

“Leah has stood up to stand by her faith and truth. I am certain on my mind the Cross is able to deliver her.

“I am excited that we Christians are praying for Leah who is still being held captive by insisting she will stand by the Cross of the Lord Jesus Christ.

“The most exciting thing that a man can have is the knowledge here on earth that we are Victor and in Heaven, we will be counted among those that will reign with Christ in Heaven. There is nothing better than that. It is a win-win situation.”

PHOTONEWS: Aregbesola Attends 10th Annual Bola Tinubu Colloquium

Governor Rauf Aregbesola of the State of Osun on Thursday joined President Muhammadu Buhari and Vice President, Yemi Osinbajo alongside other dignitaries at the 10th Annual Bola Ahmed Tinubu Colloquium to mark his 66th birthday.

Dolapo Julius captured the following images from the event.

 

 

Grand Corruption Under Jonathan Cannot Be Forgotten- Osinbajo

Vice President Yemi Osinbajo has justified the continued reference to the extent of corruption under the administration of former President Goodluck Jonathan.

Osinbajo spoke at the 10th birthday colloquium held in Lagos in honour of a National leader of the All Progressives Congress (APC), Senator Bola Tinubu.

According to him, there need to highlight what he described as grand corruption in the last administration because of the impact on the present state of the country’s economy.

“Nigeria is where it is today because of the corruption that was perpetrated by previous administration.

“We will talk about grand corruption, ” recalling the Yoruba proverb that translates thus: Frog says when discussion gets to the issue of tail, we should skip it. He says we must ensure Nigeria never takes such road (of corruption) again!.

” If we do not kill corruption, corruption will kill us,” Osinbajo stated.

While admitting that the best times of the country are yet to come in accordance with the change promised by the APC, Osinbajo said “we are getting better and better”

Osinbajo Lists Gains Of Lekki Deep Seaport To Nigeria

Vice President Yemi Osinbajo has explained how the Lekki Deep Seaport will benefit Nigerians and the nation’s economy.

Professor Osinbajo spoke on Thursday at the official flag-off ceremony for the construction of the port in Lagos, the nation’s commercial capital.

He said the Federal Government was informed that the project targets about 1.5 million 20-foot equivalent unit container capacity annually, and is expected to increase to as high as about 4.7 million when the project operations commence.

The Vice President was optimistic that with this feat, the port would become one of the largest deep-water ports in West Africa and serve as a hub for port operations in the whole of the sub-region.

He added that once completed, the government expects the port to influence the generation of up to 170,000 direct and indirect jobs in the Nigerian economy.

Osinbajo stressed further that the promoters of the project also plan to dredge the port channel to about 16 metres draft, one that is not currently obtainable in any seaport or any port in the country.

According to him, this is an indication that ships of larger sizes and very large crude carriers will be able to visit the port while greater efficiency and economy of scale will generate significant revenues for the Nigerian economy, with government earning a significant portion of it.

The Vice President believes the construction of the port would also enhance the Economic Recovery and Growth Plan (ERGP), and its emphasis on supporting game-changing infrastructural projects directed at making major impacts in trade and commerce sector.

He revealed that the Federal Government has provided an aggregate of about N90bn for the development of special economic zones in its last two budgets.

“We are developing the Lekki special economic zone as a model special economic zone specifically targeting exports. The development of this deep seaport is mission critical to the achievement of the important objectives of creating a special economic zone,” he said.

While noting that project is essentially private sector driven, Professor Osinbajo said the government remains committed to its economic philosophy of private sector leadership in its economic development effort.

The commended the state government and other promoters of the project, as well as the Minister of Transportation, Mr Chibuike Amaechi, whom he said his zeal has continued to drive the project.

He also assured the stakeholders that the Federal and state governments would be ready to provide necessary support to ensure the completion of the project.

The event was also attended by the deputy governor of Lagos State, Dr Idiat Adebule; and the Ministers of Trade and Investment, Dr Okechukwu Enelamah, among others.

Bill Gates, Dangote Challenge FG To Invest In Human Capital

Philanthropist and Founder of Microsoft, Bill Gates has challenged the Nigerian government to invest in human capital development, saying it would lay a good foundation for the nation’s prosperity.

He made this known on Thursday while delivering a speech at the Expanded National Economic Council on Investment in Human Capital held in Abuja.

According to him, although Nigeria has enormous potentials, they can only be maximized when the citizens are well equipped.

Making reference to the Economic Recovery and Growth Plan, he, therefore, urged the Federal Government to take practical steps in prioritising human capital development.

 

“Nigeria has unmatched economic potentials but what becomes of that potential depends on the choices you make as Nigeria’s leaders. The most important choice you can make is to maximise your greatest resource – the Nigerian people.

“Nigeria Will Thrive when every Nigerian Is able to thrive, If you invest in their health, education and opportunities, the human capital that we are talking about today, then that will lay the foundation for sustained prosperity.

“If you don’t, however, it is important to recognise that there would be a sharp limit on how much the country can grow,” he stated.

“Much of Nigeria still looks like a low-income country. Nigeria is one of the most dangerous places in the world to give birth.

“With the fourth-worst maternal mortality rate in the world, ahead of only Sierra Leone, Central African Republic, and Chad. One in three Nigerian Children is chronically malnourished.

“The Nigerian government’s Economic Recovery and Growth Plan identifies investing in our people as one of three strategic executives but the execution priorities don’t fully reflect people’s needs – prioritising physical capital over human capital,” he stated.

Also addressing the issue, President of the Dangote Group, Aliko Dangote, asked the Federal Government to provide solutions to human capital challenges experienced in the country.

 

He stressed that human capital is a critical component of Nigeria’s future economic growth , noting that while the nation has largely achieved growth by extracting natural resources, the youths have to be equipped both physically and mentally to drive the nation’s future success.

“In Nigeria, we have largely achieved growth by extracting natural resources and we’re not building on that through our physical infrastructure. But we must also remember that it is our young people that will drive our future success.

“By 2050, Nigeria is projected to be the 3rd largest economy in the world.

“For this next generation to thrive as adults and drive economic progress, we need to invest in their health and well-being and in their ability to learn and apply new skills.

“As a business leader, it is my responsibility to offer jobs and opportunities but I can only do that when people themselves are healthy and have basic skills.”

 

Speaking further, the business mogul explained how nutrition and infrastructural development also play a huge role in equipping the youth for the future.

According to him, malnutrition has been identified as one of the biggest factors undermining the potentials of children and for Nigeria to be able to truly compete globally, we must prioritize investment in health, education and other key sectors.

He said: “As a philanthropist and development expert, I have seen first-hand and critical gaps and proven interventions that can help set those young people up for success especially the poorest.

“A key example is nutrition; a primary focus for the Dangote Foundation.”

“Today, one of the biggest factors undermining our progress is malnutrition. Poor nutrition prevents children from realizing their true potentials, stunting not only their physical and intellectual growth but also educational and employment opportunities.

“As a business leader, I feel the consequences of malnutrition. An inadequately skilled workforce is a constraint to my businesses. Again as a philanthropist and development expert, it is the kind of challenge I am committed to helping solve.

“By this, is where my two roles converge because all sectors, businesses, philanthropy and especially government will need to step up to address the human capital challenges we are now facing in Nigeria.

“For Nigeria to truly compete globally, we must prioritize investment in the health, education, and opportunity of our people alongside other critical areas like infrastructure,” he stated.

PHOTONEWS: Bill Gates Meets National Economic Council

Governor Rauf Aregbesola on Thursday attended a joint meeting between the National Executive Council, Bill and Melinda Gates Foundation and Aliko Dangote Foundation at the Old Banquet Hall, Presidential Villa, Abuja.

The meeting was chaired by Vice President, Yemi Osinbajo.

 

Photos Credit: Dolapo Julius

Osinbajo Presides Over FEC Meeting As Buhari Visits Yobe

Vice-President Yemi Osinbajo on Wednesday presided over the Federal Executive Council (FEC) meeting as President Muhammadu Buhari embarked on visit to Yobe in continuation of his tour of troubled areas in the country.

The President, who left the Presidential Villa for Damaturu, Yobe, at about 9.10a.m., is expected to meet and address traditional rulers and opinion leaders as well as parents of the missing Dapchi schoolgirls.

Buhari had earlier visited Taraba and Benue States where he met and condoled with governors and people of the states over recent incidents that led to tragic loss of lives and destruction of properties worth millions of Naira.

The President is also billed to visit Zamfara and Rivers States over recent terrorist attacks and criminal activities in the States.

It would be recalled that an alleged notorious armed bandit in Zamfara, Buhari Tsoho, popularly known as Buharin Daji, believed to have been terrorising Zamfara communities for several months was on March 7 killed by repentant cattle rustlers in the state.

Tsoho’s death was confirmed by the state government after parading his corpse in Gusau, the state capital, a day after he was killed.

News Agency of Nigeria (NAN) reports that the Federal Capital Territory (FCT) would today update the FEC on its activities since November 2015.

Tinubu Felicitates With Osinbajo On Birthday

Holding a high public office did not change Vice President Yemi Osinbajo as he remains humble and committed to performance, the All Progressives Congress National Leader, Chief Bola Tinubu, said on Thursday.

In a letter to Osinbajo, Tinubu said that the vice president, who clocked 61 had remained committed to the principles of justice, fairness, honesty and equality of all people.

A copy of the letter was made available to the News Agency of Nigeria on Thursday in Lagos by Tinubu’s Media Officer, Mr. Tunde Rahman.

“This day presents an opportunity for us to thank God for the years he has given you and to pray that He provides you with many more birthdays.

“Your birthday also gives me the chance to tell you that the respect and affection I have for you as a brother and friend are deep and abiding.

“Your life has been one of commitment to the principles of justice, honesty, fairness, and equality of all people under God.

“You plied your knowledge of the law to advance the welfare of the common man and, thus, protect those ideals and beliefs integral to the exercise of our collective humanity, Tinubu told Osinbajo in the letter.

He noted that during Osinbajo ’s eight years as attorney-general and commissioner for justice in Lagos State, he continued to stand for profound and worthy courses as he did in private practice.

“You vitally contributed to most of the landmark cases and laws passed in the state, which paved the way for the ongoing development of the state. Those same rare talents and traits you continue to live by today.

“You did not allow the high office to change you or dilute your humanity.

“Your performance and service to the nation is a source of pride to those who know you. Along with President Buhari, you have helped to show that assumption of high office does not have to lower one’s sense of morality or lessen their humanity,” Tinubu added.

Tinubu, a two-time Governor of Lagos State, prayed God to grant the vice president more years in good health, strength, and wisdom.

(NAN)

Aregbesola Celebrates Osinbajo @61

The Governor of the State of Osun, Ogbeni Rauf Aregbesola has felicitated with Nigeria’s Vice President, Prof Yemi Osinbajo on the occasion of his 61st birthday anniversary.

Aregbesola on a tweet on his personal twitter handle on Thursday saluted the Vice President praying for God’s continuous grace on him.

FG Resolving Apapa Gridlock With Private Sector -Osinbajo

Vice-President Yemi Osinbajo on Tuesday assured stakeholders that the Federal Government is currently collaborating with the private sector to resolve the gridlock that is crippling economic activities in Apapa, Lagos.

According to a statement by his Senior Special Assistant on Media and Publicity, Mr. Laolu Akande, the Vice-President spoke while receiving a delegation from the Lagos Chamber of Commerce and Industry at the Presidential Villa, Abuja.

Osinbajo said the present administration, in line with its Economic Recovery and Growth Plan, would continue to ensure the implementation of policies to drive socio-economic growth and prosperity.

“I think that no one is in doubt that we have very great policies and we will ensure that these things are implemented and are done as faithfully as possible,” he said.

The Vice President also said the private sector in Nigeria would continue to play a prominent role in the economic programmes and initiatives of the administration.

He noted the significance of private sector investment in the economy, adding that collaboration between the Federal Government and the private sector would further boost the country’s economic progress.

“If you look at our economic programmes and several other initiatives, the private sector plays a prominent role in them, and that is how it should be.

“So there is no question that the roles the LCCI and private sector play are critical to the kind of development policies and plan that we have in this government,”he said.

The Vice President commended the LCCI for its Presidential Policy Dialogues on the economy, which he noted has helped in shaping some initiatives and policies of government.

Osinbajo further said that the administration will continue to have robust engagements and work with the private sector and stakeholders in developing plans for implementation of several economic projects.