Be proactive in fight against recession, poverty - Osinbajo urges private sector

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The Vice President said the ESP which is now being implemented by the Buhari administration is driven by the desire “to adapt to the challenges and make required changes in order to come out stronger than before”.

As the Federal Government consolidates efforts designed to ward off a deep recession and effect significant changes in the economy, opportunities abound across different sectors in the Economic Sustainability Plan for the private sector to lead the charge for Nigeria’s economic growth and development, according to Vice President Yemi Osinbajo, SAN.made the call on Friday at the virtual edition of the Presidential Policy Dialogue of the Lagos Chamber of Commerce and Industry .

Continuing, the Vice President said though the stimulus package is just about 1.5% of GDP, it is the best the government could do given existing realities in the economy. Speaking further on the plan of government to address the disruptions on the economy by the COVID-19 pandemic and the role that the private sector can play, the Vice President said, “these opportunities are the building blocks that will enable our medium-term goals to be achieved and make our long-term goals achievable.”

On the Ease of Doing Business reforms of the Federal Government, the Vice President maintained that the commitment of the Federal Government to providing an enabling environment for business to thrive remains strong.

 

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