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Vice
President Prof Yemi Osinbajo with Ms. Brownwyn Nielsen, CNBC Africa Anchor
during the One-on-One Session. Photo by: Novo Isioro
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The Federal Government is
working on how to tap into the huge pension fund to finance infrastructure in
the country, Vice President Yemi Osinbajo said yesterday.
Daily
Trust report continues:
He
said at the World Economic Forum holding in Davos, Switzerland that “To
do this, we have to first de-risk such financing models for infrastructure.”
His
Senior Special Assistant on Media and Publicity, Laolu Akande, in a statement,
quoted him as saying beyond welfare of Nigerians, their empowerment was at the
heart of the ₦500 billion Social Investment Programme.
He
told the panel that “It is about investment in people, in their skills, in
youths, that we have a ₦500bn allocation in our budget last year and proposed
for this year also. It is an investment in education and educating large
numbers of people in a short time. It’s a radical thing to make that kind of
serious investment in education.”
He
cited the N-Power scheme’s training component for young graduates and
non-graduates in artisan and industrial middle-level skills as well as the
planned ₦100,000 grants to students of higher institutions in Science,
Technology, Engineering and Mathematics.
The vice president also stated that the planning of the 2017 budget was based on the Economic Recovery Growth Plan which, according to him, will be formally launched next month.
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