Vice
President Yemi Osinbajo has said that the administration was on the right path
in improving Nigeria’s business environment and diversifying the economy.
Osinbajo
made the submission in an interview with the Financial Timess, where he also
said that the federal government’s investment in infrastructure would improve
local manufacturing capacity, according to a script of the interview released
by Mr. Laolu Akande, the Senior Special Assistant to the President on Media and
Publicity.
Osinbajo
said that there had been a lot of damage to the environment in terms of
business and others, but effecting the correction would take a while. He
said that the administration is barely three years old, but is focused on doing
the right thing.
“The
moment you have the right people and you put the right structures in place, you
can do a lot, and I think we have been blessed with an incredibly good team.
“We
wanted us to be much farther ahead in terms of manufacturing. But a lot of
these things are also infrastructure constraints that cannot be developed
overnight, which explains why we are investing heavily in infrastructure.
“We
focus a great deal on diversifying; agriculture, manufacturing; we’ve focused
on trying to diversify as much as possible, and we think that that is the path
to go. There is no other way of doing this.
“And
if you look at the figures, there has been tremendous improvement, even export
of raw materials, agriculture produce, even manufacturing has improved. I think
that we are on the right path. I am convinced that we are going to stay the
course.”
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