Osinbajo Wails, Says 2017 Budget Can’t Save Nigeria

[caption id="attachment_14274" align="alignnone" width="630"]Vice President Yemi Osinbajo[/caption]

Vice-President and Chairman of Nigeria’s Economic Management Team, Professor Yemi Osinbajo, has said that the 2017 Appropriation Bill, estimated at about N7trillion, will not be enough to turn the country’s fortune around.

This, Osinbajo said, Thursday, in a statement by Spokesperson, Laolu Akande, during the Vice President’s tour of some private firms in Sagamu, Ogun State.

He said that the role of the private sector in steering the nation’s economy cannot be over emphasized, adding that the Federal Government cannot deliver on its economic agenda without Public-private partnership (PPP).

“Our entire budget size for 2016 is something in the order of just over N6trillion and we will probably be moving to about N7 trillion in the 2017 budget,” Osinbajo said.

“But N7 trillion is certainly not the kind of money, it does sound like a fair amount of money, but certainly, it is not the kind of size that can really make a huge difference in a N90trillion economy such as we have,” he added.

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