Investing In People Is A key Part Of Our Plan, Says Osinbajo

Channels Television  
Updated March 22, 2018

 

The Vice President, Yemi Osinbajo, has said that investing in people is a primary aspect of the Economic Recovery and Growth Plan (ERGP) of President Muhammadu Buhari’s administration.

He said this at the Expanded National Economic Council on Investment in Human Capital in Abuja on Thursday, in response to calls by other speakers asking the Federal Government to resolve challenges surrounding human capital development.

Speaking further, Osinbajo noted that the government was aware that people are critical to driving the economy which is why the administration is currently doing everything possible to improve the basic infrastructural elements that enhance proper human life.

“Nigeria has strong economic growth and development ambitions encapsulated in our economic Recovery and growth plan which we launched in 2017.

“All of those lofty ambitions can only be achieved through the determined application of human skill and effort and for that effort to be meaningful and productive, it has to come from people who are healthy, educated and who empowered.

“It is this realisation that has helped us to ensure that one of the primary planks of our economic recovery and growth plan is ‘investing in people’; and it is for this reason that we are expanding the reach and quality of our health care through the National Health Insurance Scheme and working to guarantee basic education for all persons whilst also upgrading and modernising the quality of secondary and post-secondary education.”

“We are engaged fully as a government in particular and as governments in the various states to ensure that we are able to address some of these concerns.

“Let me reiterate that not only are we aware of the issues that you’ve outlined and many that have already been spoken of, but we are prepared to take on those challenges head-on and indeed we have no choice because the problem literally grows every day.

“Our population happens to be the largest in Africa and one of the largest in the world and in the next two decades, some say we will be the 3rd or 4th,” he said.

Some of the key speakers at the event included Founder of Microsoft, Bill Gates and Business Mogul, Aliko Dangote.

In his address, Gates highlighted the importance of the human factor in national development and advised the government to take more practical steps in that regard.

“The Nigerian government’s Economic Recovery and Growth Plan identifies investing in our people as one of three strategic executives but the execution priorities don’t fully reflect people’s needs – prioritising physical capital over human capital,” Gates stated.