We’ve Set A Solid Foundation For Nigeria - Osinbajo
So, lawyers under the aegis of Nigerian Bar Association are holding a national conference in Lagos and they have their eyes on the economy.
Vice President, Yemi Osinbajo is their guest and he is speaking about the present administration’s economic achievements.
He says Buhari’s government has set a solid foundation for Nigeria to get out its current economic recession.
First, he says the government has spent 1.3 trillion naira on capital projects on capital projects in 2016.
The sum was spent on building roads, bridges, supporting electricity generation and distribution, building schools and hospitals etc.
The theme of the plenary where Osinbajo spoke was: “African Business: Penetrating Through Institution Building.”
It was moderated by Miss Zain Asher, a CNN news anchor.
“The Federal Government spent about 1.3 trillion naira on capital projects in 2016, the highest in the history of the country.
“The power sector reform is also ongoing as it is one of the most important sectors in the country,” Osinbajo said.
Responding to Asher’s questions, Osinbajo said the administration has set a solid foundation for the nation’s economic recovery which, he described, as the most important reform of the administration.
“We were dealing with a mono-economy (relying on one major export or natural resource) and a financial industry that was essentially opaque.
“We have set a foundation of rebuilding the economy, creating the Single Treasury Account, monitoring government’s spending, modifying the tax system to be more efficient and implementing executive orders," he added.