Video: Vice President Osinbajo Explains Nigeria’s Economic Direction At Davos

1 Min Read
The interview which was monitored by The Herald contained the following tidbits which are key to understanding the economic direction of the Buhari administration.
1. Nigeria will save billions of dollars on subsidy which has become unnecessary due to the current price of oil
2. The Buhari administration feels confident that despite low oil prices, it will be able to attract revenue from other sources such as VAT by increasing tax coverage
3. Leakages will be stopped due to the anti-corruption crusade of the Buhari administration
4. Loans and Investments sourced from local and international sources will be free from the scourge of corruption
5. Majority of the resources sourced from borrowing will be utilized for infrastructure projects will will in turn create further economic progress
6. Nigeria is looking very hard at agriculture, oil palm, cassava
7. Nigeria is looking to fund tech start ups in what seems to be a continuation of the Jonathan administration’s YOUWIN programme.

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