States, Federal Government & Private Sector Must Partner To Further Boost Investment Potential
Channel: Prof. Yemi Osinbajo
Date: 12/05/2022

Nasarawa State Investment Summit 


At the inaugural Nasarawa Investment Summit, the Vice President noted in his remarks that States must explore concrete ways of collaboration with the Federal Government and private sector so as to further boost and harness their investment potential.

The VP pointed out the “strong public-private partnership models being promoted by Nasarawa Investment and Development Agency (NASIDA), so the private sector is able to bring resources, expertise and motivation to the table, to fill in capacity and resource gaps on the part of the government.”

In boosting the investment drive, the VP added, “I think it is also quite clear that Public sector reform, especially capacity enhancement, is crucial to the delivery of public goods. especially health, education, potable water, sanitation and housing and the success of the other giant strides being taken by Governor Abdullahi Sule and his team.”

“Reform of the civil service is one of the reform areas indicated in the Nasarawa Economic Development Strategy (NEDS) document. Current successes include the rationalization of ministries to 13 and the introduction of compulsory computer literacy training. Ongoing reforms must be institutionalised to ensure a lasting legacy.”

The Vice President also commended the foresight of the State Governor in developing the NEDS, which has seen the State’s Internally Generated Revenue (IGR) boosted by 66% from N12.48 billion in 2020 to N20.8 billion in 2021 despite the severe economic impact of COVID-19 pandemic.

He also referenced the State’s “Ease of Doing Business Reforms, and, especially the establishment of NASIDA, a one-stop-shop for the initiation, promotion and facilitation of investments in the State.

Focusing on the theme of the summit, which he described as pragmatic and forward-looking, the VP stated that just like there are many facets to a diamond, there are many sides to the potential for investment in Nasarawa State.

He pointed out the State’s potential in solid minerals and agriculture, among other areas to attract investments.


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Oluyemi Oluleke “Yemi” Osinbajo is a Nigerian lawyer and politician who is the current Vice President of Nigeria, in office since 29 May 2015.

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