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VP Osinbajo Unveils Buhari’s New Economic Plan

Vice President Yemi Osinbajo yesterday unveiled the economic programme of President Muhammadu Buhari, intended to improve jobs creation and boost the nation’s economy. Vice President Osinbajo, SAN, rolled out the new policies yesterday while speaking at the ongoing 45th Annual Accounting Conference of the Institute of Chartered Accountants of Nigeria, in Abuja, on the topic “Repositioning Nigeria for Sustainable Development: From Rhetoric to Performance”.

The Vice President who identified the shortfalls of government policies under Presidents Obasanjo, Yar’Adua and Goodluck Jonathan, after making a comparative analysis of their administrations, identified investments in the social sector, including investing in the people, education, job creation, national school feeding scheme, conditional cash transfer and reflating economies of the States as indices that would boost the economy.

He disclosed that some of these ideas are already being implemented under the Buhari administration, citing the recent bailout package for the workers in the country, and some others are currently being worked out. Continuing further, the Vice President reiterated that education is the basics for economic development, adding “One of the most important interventions required in the education sector is capacity building to improve teacher quality”

“This programme is intended to drive teacher capacity development; boost basic education; attract talents to the teaching profession”. “Better educated population increase economic potential for productivity”, He reiterated that the All Peoples Congress (APC) “has made a commitment to provide one-meal-a day for all primary school students that will create jobs in agriculture, including poultry, catering and delivery services”. The multiplier effects of the introduction of the scheme include, according to the VP, 1.14 new jobs; increased food production – up to 530,000 mt/a; attracting investor by investment – up to N980billion.

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