Nigeria Can Survive Without Oil – Osinbajo

The Vice President, Yemi Osinbajo stated that Nieria has all it needs to develop and sustain a solid economy, saying that the dwindling oil prices will not affect the country. He promised to facilitate pre-investment approvals for would be investors to the country.

According to Prof. Osinbajo, the President has already given the mandate to ensure that a conducive environment is created for business investments in the country, and he added that work has already started with government looking at the different aspects involved.

He revealed that the entire power value chain would be well compensated in order to produce the needed results.

He also restated the commitment of the Buhari administration to creating jobs through businesses and direct action of the government to engage the youths. He said the 500,000 teaching positions for unemployed graduates is also included in the 2016 budget to help engae the youths in paid voluntary occupations in their communities.

However, the Federal Government will also create opportunity for about 370,000 youths who are not graduates to receive vocational training and acquire skills, while one million artisans and market women would receive soft loans through the Bank of Industry as already proposed in the proposed 2016 budget.