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We invest in infrastructure to develop investment environment-Osinbajo

By Oluwaseun Sonde

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The Vice President Prof Yemi Osinbajo has said that government intend to continue to invest in infrastructure because that’s the first step to developing the investment environment to a notable standard.

He made this known on his remarks at the Second Annual Abiola Ajimobi Roundtable Symposium in honour of the 70th Birthday Celebration of the Former Governor of Oyo State, Senator Abiola Ajimobi in Ibadan on Monday.

According to him “The second point is on encouraging entrepreneurship and infrastructure development. Already, it is very obvious that we are doing a lot in infrastructure development. Today, we have completed the Lagos-Abeokuta-Ibadan end of the Lagos – Kano railway. Already we are launching the free service between Lagos and Ibadan this Christmas.

“We also expect that we would lower taxes as times go on because there is a need to create an environment for business to thrive. Of course, measures have been made already on enabling the business environment. There is no part of the work of developing a nation that is easy, it is always going to be a difficult task. But this administration intends to remain focused, we have shown that a focused approach, step by step, fighting through the difficulties on a daily basis, will eventually get us to where we are going”, he said.

He said the government has set up as a first phase in its efforts to tackle poverty. “It is a comprehensive programme and we have heard already from Minister of Interior, Ogbeni Rauf Aregbesola, it is a detailed programme. It is the first of its kind anywhere in Africa, it has been well scrutinized by the World Bank, a collaborator in the programmes, and several other independent agencies have scrutinized it.

“Today, one of the programmes, the National Home-Grown School Feeding, accounts for feeding 9.5million children on a daily basis in 33 States of the Federation. With N-Power, we are employing 540,000 young people and many of them are in different local governments. I believe Oyo State has over 11,000 beneficiaries, and there are several aspects of the programmes. It is not perfect and there are issues here and there, but it is the first comprehensive approach to dealing with the issue of poverty in Nigeria.

“It is important to bear in mind that India which used to have the largest number of poor people in the world, did exactly what we are doing now; a systematic and pragmatic approach to solving the problems of poverty. India increased it year by year and today, the country has taken a large majority of her people out of poverty although there are still large numbers in absolute terms”, he said.

He congratulated Senator Abiola Ajimobi and his wife, saying Ajimobi’s sense of humour, youthfulness and sheer energy make it difficult to believe that he is actually 70! while thanking God for the unique and indelible landmarks he has laid.


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