24 Jun How easy Oil money denied Nigeria of development, by VP Osinbajo
Prof. Osinbajo spoke today at the launching of the Standard Operating Procedures (SOP) and Port Services Support Portal (PSSP) for Nigerian Ports hosted by the Ministry of Transportation in Abuja on Thursday with other top government and private sector functionaries including Transportation Minister Rotimi Amaechi in attendance.
“We must understand and accept that nation-building is a collective responsibility and that the private sector has an important role to play in supporting every effort of government to achieve the building of a strong nation,’’ Osinbajo added.
He pledged the administration’s resolve to continue encouraging a competitive business environment characterized by sufficient and efficient policies to sustain economic growth to further retain and attract local and foreign investments in Nigeria. Prof Osinbajo said that a key component of this administration’s change agenda lay in the development of a diversified non-oil economy adding that to achieve the target, the ports must play their role in making it easier to trade across borders as well as drive Nigeria’s trade policy.The Vice President remarked that many countries in the world had proved that without natural resources, the efficient management of import and export activities could greatly improve national economies.
“Many countries have proven that without depending on any natural resources, but simply relying on efficient procedures for undertaking Port activities, any nation can position itself as a major hub and can earn significant resources by just being more efficient,“ he noted.