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Why Government Needs The Private Sector – Osinbajo



The Vice President of Nigeria, Prof Yemi Osinbajo has declared that the government needs the cooperation of the private sector to achieve anything meaningful with the economy.

Osinbajo noted that the organized private sector are partners in progress with the government.

He made the submission on Monday at the Presidential Villa, Abuja during a virtual interaction with representatives and business leaders from the organized private sector, including the Manufacturers Association of Nigeria, Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture; Nigeria Employers’ Consultative Association, Nigerian Association of Small-Scale Industrialists and the Nigerian Association of Small and Medium Enterprises.

The Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, in a statement titled, ‘We will continue improving business climate quoted Osinbajo as saying during the meeting that “The private sector is the engine of growth, there is no way the Federal Government can do anything in the economy without the private sector.

“Our role is to make it easy for the sector to operate, and we are committed to that.”

On their part, the organized private sector led by its Chairman, Taiwo Adeniyi, made a presentation on the progress of the implementation of the African Continental Free Trade Area agreement, with suggestions and proposals about its future.

They commended the current administration for partnering with the body and communicated the optimism especially among medium-scale businesses that the AfCFTA will generate positive effects on the Nigerian economy.

The meeting was also attended by the Minister of Industry, Trade, and Investment, Niyi Adebayo, among other senior government functionaries.

In other news, President Muhammadu Buhari has appointed a secretary and four board members for the Economic and Financial Crimes Commission (EFCC).

This was confirmed in a statement on Monday by the Special Assistant on Media and Public Relations, Office of the Attorney General of the Federation, and Minister of Justice, Dr. Umar Jibrilu Gwandu.

The President George Abang Ekpungu as the EFCC Secretary with Luqman Muhammad (South South), Anumba Adaeze (South East), Alhaji Kola Raheem Adesina (North Central), and Alhaji Yahya Muhammad (North East) as board members.

The names have been forwarded to the Senate for confirmation, Naija News reports.

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