Skip to main content

FG Resolving Apapa Gridlock With Private Sector - Osinbajo

Vice-President Yemi Osinbajo on Tuesday assured stakeholders that the Federal Government is currently collaborating with the private sector to resolve the gridlock that is crippling economic activities in Apapa, Lagos.

According to a statement by his Senior Special Assistant on Media and Publicity, Mr. Laolu Akande, the Vice-President spoke while receiving a delegation from the Lagos Chamber of Commerce and Industry at the Presidential Villa, Abuja.

Osinbajo said the present administration, in line with its Economic Recovery and Growth Plan, would continue to ensure the implementation of policies to drive socio-economic growth and prosperity.

"I think that no one is in doubt that we have very great policies and we will ensure that these things are implemented and are done as faithfully as possible," he said.

The Vice President also said the private sector in Nigeria would continue to play a prominent role in the economic programmes and initiatives of the administration.

He noted the significance of private sector investment in the economy, adding that collaboration between the Federal Government and the private sector would further boost the country's economic progress.

“If you look at our economic programmes and several other initiatives, the private sector plays a prominent role in them, and that is how it should be.

"So there is no question that the roles the Lagos Chamber of Commerce and Industry (LCCI) and private sector play are critical to the kind of development policies and plan that we have in this government, "he said.

The Vice President commended the Lagos Chamber of Commerce and Industry (LCCI) for its Presidential Policy Dialogues on the economy, which he noted has helped in shaping some initiatives and policies of government.


Osinbajo further said that the administration will continue to have robust engagements and work with the private sector and stakeholders in developing plans for implementation of several economic projects.

Olalekan Adetayo

Comments

Popular posts from this blog

UPDC’s REIT Floats N30 billion Offering

UPDC Real Estate Investment Trust (REIT) has completed arrangements to raise N30 billion by way of offering of 3,000,000,000 units of N10 each at par. The REIT, is sponsored by UACN Property Development Company Plc. The floating of the offer, which is to commence on February 19 20123 was preceded by a completion board meeting held in Lagos on Tuesday, where the bank and all the financial advisers to the offer signed the necessary documents. The Chairman UPDC Plc, Larry Ephraim Ettah  said the offer which closes on March 28, 2013 is payable in full on application. He explained that the REIT is a closed ended one, adding that the units of the REIT  would be traded only through a licensed stockbroker once the offer is concluded. Ettah, while fielding questions from journalists explained that the company has huge projects waiting for execution, adding that the proceeds from the offer would be channeled on the projects. According to him, the REIT will invest primarily in a ...

Common Mistakes Of New Real Estate Investors

Many people are convinced about the soundness of real estate investment as a wealth-building vehicle but most are not clear as to the path to follow and the pitfalls to avoid. More recently, I have had reason to clarify to aspiring real estate investors that real estate investment is not a get-rich-quick system. It is a system that requires knowledge, dedication and focus. We shall examine a few mistakes to avoid if you desire to effectively utilise this wealth building vehicle. One of the basic errors new real estate investors make is to buy properties blindly on the assumption that all real estate investments automatically go up. This common assumption is not true in its entirety. For instance, if you decide to buy a property in an odd part of town without considering basic infrastructures or basic advantages, and then you go ahead and develop the property, you may experience a high vacancy ratio (this means, it takes an unduly long time to rent the property to tenants) or it m...

Entrepreneurs should invest in real estate – Expert

An expert in the property market has described the real estate market as an investors’ haven, adding that the industry holds great potential for operators in the country. Speaking on the theme: ‘Growing a diversified group of businesses’ at the Fidelity SME Forum, a weekly radio programme being packaged by Fidelity Bank Plc, the Chairman/Chief Executive Officer, Genesis Group of Companies, Chief Nnaeto Orazulike, said the property business was one area where investors could expect to recoup their investment within a short period of time because of the high return on investment. He advised Small and Medium Scale Entrepreneurs desirous of growing their businesses to make conscious efforts to tap into the huge property market in the country even as they ploughed back the excess funds into their businesses. “Naturally, as you grow your business and develop it, the best thing to do with the excess, which the business doesn’t absorb is to invest it in real estate,” h...