Vice President Yemi Osinbajo and president Buhari are planning on eradicating extreme poverty and unemployment in the next four year in Nigeria.
Prof Osinbajo spoke on Monday at the University of Lagos where he delivered the Convocation Lecture ahead of the university’s 50th anniversary
According to him, “I may begin by affirming the belief of the Buhari administration that Nigeria’s prosperity means a decent existence for all. Second, that prosperity so defined will be attained if we are able to address the issues of extreme poverty, productivity, corruption, the rule of law and the deficiencies in the quality of human resources caused by poor education and healthcare.”
Speaking further on the relevance of human resource development to the administration, Prof. Osinbajo said, the government would adopt a strategy that prepares young Nigerians for emerging challenges as well as opportunities.
He said: “We must have a robust enough healthcare system that ensures that the average person is in good health, an educational system that guarantees education capable of preparing children for the opportunities and challenges of a knowledge economy.”
Continuing, the Vice President said, “In planning the path to prosperity we also took into account the age-old weaknesses of the Nigerian economy and the illusion of prosperity that frequently distorts our understanding of the actual fragility of our economy”.
On the way forward, the Vice President said from the onset it was clear to the Federal Government that it needed to devise an economic plan that prioritized the basic issues with our economy.
“For us, we needed to prioritize; the building of infrastructure especially rail, roads, power and ports; productivity as we diversified the economy from oil and gas; the fight against public sector corruption; developing a new educational curriculum that emphasizes Science, Technology, Engineering, Arts and Maths.
“Others include; adopting a new approach to resourcing healthcare; putting in place a social investment programme that deals with issues of extreme poverty and unemployment. Our Economic Recovery and Growth Plan effectively addressed these issues”, the Vice President added.
On the progress made so far, Prof. Osinbajo said the Buhari administration believed that “creating an environment for productivity investment in hard and soft infrastructure is crucial”.
He assured Nigerians that with the integrity of President Buhari and the commitment of his administration, Nigeria would not derail from its current path to prosperity.
According to him, “If we stick to our agenda in the next two years we will see the most significant improvements, in our power sector.
“Industrial Infrastructure is a major component of our economic transformation plan. Project MINE (Made in Nigeria for Export) is the major plank of our industrial policy. The idea is to build Special Economic Zones which accommodate industries for local manufacture of goods for which Nigeria has a comparative advantage. These include cotton, garments, leatherware etc.”