ABUJA-- Nigerian Vice-President Yemi Osinbajo asserts that the administration is on the right path in improving the country's business environment and diversifying the economy.
Osinbajo stated this in an interview with Britain's Financial Times newspaper in which he added that the Federal Government's investment in infrastructure would improve local manufacturing capacity, according to a transscript of the interview released by Laolu Akande, the Senior Special Assistant to the President on Media and Publicity.
Osinbajo said there had been a lot of damage to the environment in terms of business and other sectors, but effecting the correction would take a while. The current administration is barely three years old, but is focused on doing the right thing, he added.
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," he said.
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.
The interview was conducted here by David Pilling, the Africa Editor of the Financial Times on May 31.
Source: NAM NEWS NETWORK