What Osinbajo, Reps discussed over recession – Presidency

What Osinbajo, Reps discussed over recession – Presidency

Vice President Yemi Osinbajo, SAN, has called on political leaders in the country to commit themselves to the collective good of the nation.

His spokesman, Laolu Akande, in a statement said Osinbajo spoke on Thursday when he met with a delegation from the House of Representatives in his office to discuss the economy and ways of navigating Nigeria out of recession.

The legislators are members of the Tactical Committee on Recession from the House of Representatives and were led by Committee Chairman, Dr. Bode Ayorinde.

Budget and National Planning Minister, Senator Udoma Udo Udoma was also at the meeting.

Speaking on the need for political leaders to use their positions and the leadership opportunity to effect changes that would benefit the citizenry, Osinbajo said leadership was a call to service.

According to him, “how many people will get this kind of opportunity we have to lead? The opportunity to serve is one that must be taken seriously and used for the common good.’’

Addressing the bane of corruption, he said “It is in our interest to deal with corruption, this is not moralising, it is an existential threat, it a survival issue.

“We need to address the fundamentals of that abnormality. If we do not address it, no matter what we say, things won’t work.

“I think it is very important, especially for us who are in Government today either as legislature or executive.

“We have to address this issue, it is a fundamental issue; everywhere in the world, even where they do not have the problems we have, they are addressing the issue.

“So we must address it and, it is everywhere; look at foreign exchange and you can identify the problems, you fix the rate of foreign exchange at the rate it is and you know what the black market is, look at the arbitrage which is so large; there is bound to be corruption, it is impossible for there not to be corruption.’’

He also assured that the Federal Government was actively exploring options on how best to liquidate the debts owed contractors across the country, including the option of using bonds.

Speaking, Dr. Ayorinde said some of their areas of concern include the foreign exchange policy and its impact on manufacturing, calling for a review.

He said the Tactical Committee was ready to interface with the Economic Management Team and commended the team for all its efforts to revamp the economy including the recently released Economic Recovery and Growth Plan.

Earlier, Osinbajo chaired the meeting of the National Innovation and Research Council attended by several ministers from the Ministries of Science and Technology, Budget and Planing, Education and Justice.

Representatives of the Manufacturers’ Association of Nigeria, MAN, were also in attendance

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