Vice-President Yemi Osinbajo says private sector experts and
players should be allowed to manage economic matters.
According to him, a privatisation of the economy is far
better because “it will bring greater dividends.”
“As a matter of fact, I think there is a need to push the
model of using smart and tested people from the private sector to manage
enterprises and businesses that government has an interest in,” Osinbajo said.
While receiving a delegation from the Odu’a Investment
Company in Abuja on Wednesday, the vice-president cited Nigeria’s Liquefied
Natural Gas Company (NLNG) as the reason for his stance on the economic
business model.
“For example,
Nigeria’s Liquefied Natural Gas Company (NLNG) makes a lot of money because the
private sector has a controlling share. They make money for the country,” he
said.
Osinbajo has been vocal about the role of the private sector
in contributing to the economy.
Last year, he called
for robust monitoring of privatised enterprises, embracing public-private
partnerships for the provision of infrastructure and identification and
optimisation of public assets.
According to him, a prioritisation of the private sector
would create jobs and provide “a suitable environment for productive activities
to flourish and tap our enormous natural wealth for the benefit of our people.”
Speaking further, the vice-president charged businessmen to
invest in technology as a tool for improving business and preserving the
legacy.
“Legacy and history have a powerful pull and what the future
calls for is even greater. This is why we must invest in technology,” Osinbajo
said.
“Look at technology and see how to change and improve the
[business] model.”
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