States must think, plan as countries to be more financially viable - Osinbajo

States must think, plan as countries to be more financially viable - Osinbajo

- States in Nigeria have been advised by Yemi Osinbajo on how to be financially viable

- According to him, Nigeria's problem is lack of rigour and discipline to complete projects and to maintain them

- He promised that the Buhari administration will continue to implement policies to create more jobs and grow the economy

Vice President Professor Yemi Osinbajo has advised states in Nigeria to begin thinking and planning as countries to be self-sustainable financially.

Osinbajo urged state executives to think beyond four or eight year cycles and be committed to laying a foundation that their successors will build on, “and for successors to be ready to build on foundations laid.”

He said: “One of the challenges with governance in Nigeria today is that penchant for dismantling or dismissing everything inherited.

“President Buhari insisted when we assumed office that we must ensure the completion of projects started but abandoned or uncompleted by previous governments before starting new ones.

“Our problem, of course, in our country, is not in new ideas or starting projects, it is the lack of rigour and discipline to complete projects and to maintain them.”

He promised that the Buhari administration will continue to implement policies to create more jobs, grow the economy.

“We have pursued this goal aggressively since 2016, and I’m pleased to note that we’re already started seeing the results. We have reduced business registration times, we’ve implemented a functioning visa on arrival system, launched an online system for filing taxes, among other reforms.

“By dismantling the bureaucratic obstacles in the way of businesses and investors, we are hoping to unleash the full potential of private enterprise; the kind of enterprise that creates jobs, that grows the economy, and produces future tax revenues for the government,” he said.

The vice president also revealed that the federal government is actively collaborating with state governments, under whose oversight some reform areas, like land acquisition and property registration, fall.

He added that financial viability is not just about earning more, stressing that “it’s also as much about doing more with less,” which he noted is the Buhari administration's mantra. He also revealed the government's policy of embracing fiscal prudence, debt management, controlling overheads, and so on.

READ ALSO: Investments in Nigeria will succeed because we are committed to doing things right - Osinbajo

Meanwhile, Professor Osinbajo has said for Nigeria to succeed and move forward, Nigerians must learn to imbibe the principles of creativity, innovation and hard work.

He stated this when he attended the Sunday, May 20 service at the Commonwealth of Zion Assembly (COZA), Abuja, with renowned US preacher, Bishop T.D. Jakes as guest minister.

He further noted that character and integrity are also pillars for nation building.

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Source: Naija.ng

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