Nigerian Federation Benefits Our People When Federal Govt, States & Private Sector Collaborate – Osinbajo

 

Effective collaboration between Federal and State Governments with the private sector is a sure catalyst for boosting economic growth, economic diversification and improved productivity, according to Vice President Yemi Osinbajo, SAN.

Prof. Osinbajo, who stated this on Friday at the closing of the maiden Gombe State Investment Summit, also noted that improving the business environment is critical to “the prosperity of our great country.”

He added that State Governments can further boost economic growth and investments in their respective States by approaching development like a Sovereign State while improving the business environment for small businesses to thrive.”

Speaking specifically on the Nation-State nexus in development, using Gombe as an example, the Vice President noted that it was “fascinating that Governor Muhammadu Inuwa Yahaya has approached the development of the State by thinking as a Sovereign State as opposed to thinking as a sub-national.”

The State has already started reaping the rewards of its approach towards development, the VP noted.

Commending the State Governor for his strong leadership and commitment, the Vice President added that Governor Yahaya also commissioned a Needs Assessment Survey, which he noted was “a vital first step towards developing a solid roadmap of reforms and programmes for the progress that we see today”.

The Vice President also urged for government and the private sector to leverage the opportunities with the African Continental Free Trade Agreement (AfCFTA).

Prof. Osinbajo performed the ground-breaking ceremony of the Domagric Integrated Rice Mill, which is located inside the 1000-hectare Muhammadu Buhari Industrial Park.