FG to heed private sector advice on the economy- VP Osinbajo

Vice President Yemi Osinbajo, has assured that in other to attend the objectives of the Economic Recovery and Growth Plan (ERGP), the federal government will listen to what investors and private sector are saying and bend over backwards to accommodate what they are saying.

“I want all of us who will be participating in these labs to see this as central.  We want to listen to what investors are saying; we want to listen to what the private sector is saying; I want to see in what ways we can bend over backwards to accommodate what they are saying so that we can achieve our objectives, he said Tuesday at the  inauguration of the Core Working Teams for the Economic Recovery and Growth Plan, ERGP, Focus Labs at the Banquet Hall of the Presidential Villa, Abuja.

“Our administration fully recognizes that the private sector ought to be the driver of the economy, mobilizing and deploying the bulk of capital required to deliver growth and prosperity; and the role of government should essentially be to create the environment for the private sector to thrive.”

Osinbajo said that the ERGP Focus Labs were meant to bring together private sector and public sector participants as well as potential investors to think through the implementation of the specific areas of focus for the labs, including agriculture and transportion; manufacturing and processing; and power and gas.

Osinbajo noted that the principle on which the ERGP focus labs were designed was one that creates enabling environment for the private sector and stated that government was committed to the principle.