Press Statement: Reports That Vice President Ignored Benue Governor’s Letter on Benue Attacks are Absolutely False

Vice President Yemi Osinbajo, SAN, was shocked by a news report ostensibly quoting the Benue State Governor Sam Ortom as saying that the VP was warned of the savage and inhumane killings by alleged herdsmen in Logo and Guma local government areas which took place on the 1st of January 2018.

Although the Vice President, Prof. Osinbajo, does not believe that the Governor could ever have said so, it will be a terrible falsehood to suggest that the VP was ever informed by the Governor or anyone else of the imminence of the killing of citizens of our country in those or any other local governments in Benue State.

Governor Ortom wrote to the Vice President, then Acting President, on 7th June 2017 protesting a newspaper publication where the leadership of Miyetti Allah was reported to have stated that it was opposed to the Open Grazing Prohibition law of the State and that they would mobilize to resist the law. The Miyetti Allah had written to the Vice President on the 5th of June 2017 on the same law protesting several sections of the law. The Governor went on to say that the leadership of Miyetti Allah should be arrested because they used words such as “wicked, obnoxious and repressive,” to describe the law, and because these were “utterances that are capable of undermining the peace…”

The Vice President subsequently met with the Governor, discussed the matter and the security situation in the State and then ordered law enforcement agencies to be on the alert to prevent any attacks or violence. This was in June 2017!

In the said letter written by the Governor, there was no mention of any threat to any specific one of the 23 local governments of Benue State, so the best the law enforcement agencies could do even then was to await information or intelligence of an imminent attack. None came. Since then the VP has held several meetings with the Benue State Governor, including a visit to the State on the 6th of September, last year at the behest of Mr. President during the tragic floods in the state last year. At all such meetings, the Vice President discussed the security situation of the State with the Governor.

Following that, the then Acting President convened a major national security retreat which was attended by all State Governors, service chiefs and heads of security agencies. The Retreat featured very detailed discussions on the herdsmen/ farmers’ clashes.

To the best of our knowledge, neither Governor Ortom nor the Federal Government was aware of the imminence of the cowardly attack on Logo and Guma on the 1st of January, and therefore any suggestion that the President or the Vice President ignored the State Governor’s warning is both absolutely false and certainly misleading.

Laolu Akande
Senior Special Assistant on Media & Publicity to the President
Office of the Vice President
15 January 2018

VP Osinbajo’s Address at the Southwest Regional Summit in Oshogbo, Osun State

I am greatly honored to have been given an opportunity to say a few words here today. And I do not say this merely for correctness. Only a fool will reject an opportunity to speak to the future and the coming generation. I decided, as soon as I was told about this summit, that I must make effort to be here because it is an opportunity to speak to the future.

I must also commend the farsightedness and sense of purpose of the South-West governors under the auspices of the Development Agenda of Western Nigeria (DAWN) for initiating and thinking through a 25-year master-plan for the region. It is also eminently logical that those who are likely to be here in 25 years time should be here to make an input into this very important master-plan. People accuse us in this part of the world of not planning enough but I think that the DAWN Commission and the South-West governors have shown great foresight and they have presented a great example by planning 25 years ahead from today.

It is important because we are told that by the year 2050, we would be the third or the fourth most populous nation in the world. Anyone who knows that you are going to be the third most populous nation in the world must begin to plan now because that future is already here with us.

The Acting Director of DAWN has told us why we are here and he said in particular that they want to get the inputs of the young people who are here and I would like to throw in a few thoughts on what I consider fundamental to the success of individuals and societies.

I am not going to talk about the things that are in the master plan. The master plan already talks about education, healthcare, technology and innovation.

I want to talk about something that I consider the foundation of the success of any community, society or nation and individuals wherever they may be. That foundation is something that is called values. If you look at any society or any individual that has succeeded, values are crucial. Whatever you are seeing that is successful, underlying it are values, if there are no values the society does not work.

Values are the fundamental principle of any society. In the Yoruba culture, they call it “Omoluabi.” It just denotes character, hard work, integrity, courage, and the pursuit of excellence. In other cultures, they call it different names but the principles are the same. The principles that have made other countries successful are the principles that we must work on.

When our fore fathers developed the ethos of “Omoluabi,” they knew even then that those were the principles that would lead to success. And there is no country on the surface of the earth whether they are Afro-Asians, Arabs or whoever they are and wherever they may be, they have had to rely on these principles. So, there is nothing new about what we are saying when we say “Omoluabi” is the fundamental principle for our own development.

I will just take you through a few of those principles so that you will understand that as part of our 25-year development plan, if we don’t enthrone values as a fundamental principle, not much will happen.

The first is to recognize that talent by itself, (is potential & by itself means nothing. If there is no character, if there is no integrity and hard work, talent is nothing at all. The richest place in the world today, the place with the richest mineral potential, is in Africa and that is in the lake region. That is where the largest mineral deposit in the world is but it is also the poorest place in the world. The reason is that no matter how much talent you have, without character there is no way that progress can be made.

The greatest problem that our own country has is the absence of integrity, the greatest problem we have is corruption. If we remove corruption, we would have solved 70 percent of our problems, so, integrity is key anywhere in the world. Some people must make the sacrifice for others’ sake.

Somebody was telling me the other day of a business she started, it was a business of making greeting cards and after about a year she found out that she was not making money but she suddenly found that two graduates who she had employed and were working for her had opened their own stores somewhere in another part of Lagos, they were stealing from her and selling in their own shops. The truth of the matter is that if we do not ensure that businesses can thrive, nobody would be able to create opportunities for others. The reason why it is difficult for people to open branches of their businesses is that if you are not there yourself, you might as well forget your business.

Every society that does not emphasize integrity always fails. I always tell the story of my days as a post-graduate student in the United Kingdom. There was a particular occasion when I could not pay my school fees because we had delays with the Central Bank and so it was very difficult to send money across. So, I went to one of my supervisors and explained that I couldn’t pay my fees and it was getting late and he said to me, “Why don’t you go to the bank and borrow money”, and I said how can I go and borrow money when I don’t have any collateral but he said, “no, go and explain”.

So, I went to the bank and spoke to this lady across the counter, and she looked at my ledger and saw how money had come in and out and I had about 30 pounds left in the account. She asked how much I wanted and I said 600 pounds, she asked when I was going to pay back and I told her maximum two months. She brought out some papers for me to sign and she gave me the money and of course when my cheque came I paid back, and that was in 1981.

By 1984 in the same United Kingdom it was difficult for anyone who had a Nigerian passport to even open an account because many young Nigerian students had assumed that these people must be very stupid; that anybody that can give credit in the way that I was given money must be stupid. Many Nigerians just went in there took money and ran home and by such reason it became impossible for a whole generation of Nigerians to even open bank accounts let alone get money.

There is no question at all that any society that does not emphasize integrity and does not stand on integrity cannot succeed. The whole of the economy is based on trust, even the currency that you spend is based on trust, and business is based on trust. Many times as Nigerians we have lost that trust even dealing with international partners we have lost that trust.

So, it is important for us to understand that no matter what we do we must emphasize this Omoluabi ethos, the ethos of integrity. It is so crucial, without hard work it is impossible to do much. People say all sort of things, they say if you are well connected, you will be a success. There is a limit to what connections can do, even when you are connected enough to be given a job, if you are not serious and hardworking at that job you won’t move up on that job, so hard work is crucial.

I was listening to Governor Aregbesola when he was saying that he met Asiwaju during his participation in the struggle for June 12. I met him-Ashiwaju- in 1998 just after the elections when we were planning for the new government in Lagos State, and the conversations we had at that time were conversations about how to build great societies and it is incredible to note that even till now, anytime I meet him our conversations have always been on how to make the society better.

I listened to the MD of No leftovers, the lady who spoke so well about her progress, it was a short presentation but very powerful because she told how she started and told us where she is today but you must also recognize that in between her starting and now, there is so much she didn’t tell us, she could not have told us how many times she failed in that business before she attained the success that she is today.

I remember a lady also who owned a restaurant just close to a church i pastored in Ikoyi many years ago. She owned a Chinese restaurant called Chinaville and I remember going there with a group of people on this particular day and we were the only ones that were there and while we spoke to her she told us that we were the only customers that she had in three days. She said that some days she had no customers and that every day she will throw away food. She said that she was working in a bank and had to resign, sold her car and raised little money from her parents and started the business. But we encouraged her. That is the way to behave, if you stick at it and remain steadfast, one day you will see progress, Chinaville today is in Victoria Island.

I remember one day, myself, my wife and a minister in our church, we saw this woman driving a red jeep and the minister pointed to her and said “is this not the Chinese restaurant woman, this Chinese business is so easy to make money from”, and I had to tell the minister that there were days when this women used to throw away food, losing money but because she stuck to it and worked hard, and remained at it long enough, today people see her driving a jeep and all that.

It is only hard work, it is only the courage and persistent to remain focused that can get us as individuals and as a nation, from one point to the other.

I study very closely what young people are doing all over Nigeria. I have a group of young people working with me, I’m sure they are over 60 in different fields of expertise; some working in power, some in oil and gas, some in management, and a few of them are here with me, in various fields. These are Nigerian young people, very dedicated, very hard working, experts in their fields; and they are multitasking individuals, they can do a variety of things. Some of them are engineers; but when you hear them talk about agriculture, you will be amazed; some of them who are power experts, when you hear them talking about public health, you will be amazed; young people, almost all of them under 40, but they are so talented, and they are all over the place doing great things.

Like I said, I study very closely what young people are doing, and the reason why I said I study them is because I recognize that this country, which is the largest economy in Africa, is the key to the future, not just of Africa, but of the development of our world.

The places that are left to make the kind of growth and progress that the world can make are not very many. Africa is one such place. So we must watch closely what is happening in Nigeria, and that is one of the reasons why I watch and see exactly what young people are doing and try to encourage them. Today, you see that so many young people are into technology, doing all sorts of things. If you look at it, I’m sure that so many of us have come across Iroko TV, which is something in the world of entertainment and they show and distribute a lot of Nollywood films. A young man is the proprietor, it has become so successful that so many international parties want to buy into that thing. That is just one example.

There is Jobberman. I’m sure most of us know Jobberman, that employment website. Three young Nigerians started the site in 2009 – Olalekan Elude, Ayodeji Adewunmi and Opeyemi Awoyemi. They were young undergraduates at the time they started it, they were students of Obafemi Awolowo University, Ife. They did not have any money, they only had that idea and they pursued that idea. Today, they have grown that investment into a major investment. As a matter of fact, they have divested their interests and have started investing in other start-ups all over Nigeria and the world.

I’m sure many of us have come across the website called Nairaland. Nairaland was started by a very young man, 20-year-old at the time, and also an undergraduate in the university. N10,000 was what he started Nairaland with. Today, Nairaland has more readership than probably all other print newspapers put together, and he started it in a room in the university. He didn’t complain, he didn’t come out to say, “we don’t even know what they are doing here, or what they are doing for us.” No. He saw the opportunity and took the opportunity, and it has become what it has become today. Innovation is critical, we must tell ourselves, we of this nation, and young people in particular, we must tell ourselves that it is good to hear stories of the good old days. I was talking to a group of young people and they were telling me about how “oh, you know in those good old days; your days were much better than our own.” But I would say, no. You must be very suspicious of people who are always talking of the good old days. There are no days that are better than the present, and no days would be better than the future. If we look at it, the opportunities that you have today I cannot have.

I remember as a young university lecturer, when I was doing a research, just one, I was researching an issue on “illegitimacy in Nigeria”, it took me eight weeks to just find the right materials. Today, I can sit at my desk in my study and just online, in a matter of hours, I can do all the research I need. We have all manner of opportunities now that nobody would have dreamt of some years ago. In fact, I remember a conversation we had in 1992 when one man was talking of technology, and he said one day, everybody would have telephones, he said even a beggar on the streets would have telephones and everybody laughed. But today, almost everyone has a telephone. The opportunities today are great, the opportunities are many. We must not keep looking back and saying, oh, maybe the good old days; but the good old days are here already. The days of today are your own days. You owe yourself the responsibility of ensuring that you maximise what you have today.

Education is critical. Everybody knows that education is so important, but let me just say to you, self-education is probably more important–educating yourself. A lot of us, of our own generation and even before, did a lot of self-education. I remember Ogbeni Rauf Aregbesola who was telling me how he came across Marxist principles. He picked it up from reading some sheets of paper scattered across all over the place, I think, in front of the mosque, Marxist literature, literature talking about Karl Marx, etc.

I remember in 2005, Ogbeni and I went to Cuba for his son’s graduation; he was on scholarship in Cuba then. We were met by all his old compatriots from the communist days. Fidel Castro was excited to see him in Cuba. And here’s a man who was living in Ikare at the time, he had not travelled anywhere, but because he was curious and was looking for information and he was educating himself, he made friends, without the Internet, just by writing letters. He made friends across the world, such that when we were going to Cuba in 2005, he was welcomed as a hero.

So it is important that we understand self-education. The Internet is full of ideas, so much information.

There is no reason why a young Nigerian should speak only one language; there is no reason why he/she should not speak French or Spanish or German, and you can learn everything now on the Internet. It is easy to learn. There is no excuse. Some of you young people who are here today would be working in the United Nations, in different UN and international agencies. But you can’t do so if you are speaking only one language. You must be multilingual or at least bilingual. If they ask, what language do you speak, and you say English and Yoruba, or English and Itsekiri. No. You must be able to speak at least two international languages, and there is no reason why not. At any age, you can learn a language, and you must do so. We must self-educate ourselves.

The other thing I want to leave with you before I go is the value of small beginnings. I think it was Governor Ajimobi who emphasised that point, that don’t ever assume that because today does not look good, that today you don’t have anything or a job, it means that tomorrow is going to be the same; of course not. The value that thrives, what endures forever is the courage and persistence of human beings. That is the only thing that keeps human beings going; it is their courage and persistence. The difference between success and failure is your ability to see today and say although things are not working today, I am sure that tomorrow will be brighter and you make sure that you work towards it.

I was telling some people that I graduated early in life. At the age of 21, I was already a law graduate. I started teaching at the age of 24. So, in every way, I could be considered fortunate because I graduated early. But at that period of my life, teaching and being involved in legal practice, I was earning very little, because in the university we were paid N20 a month but we were able to do a few things. And I explained to these people who I was talking to that I never used a brand new car until 1998. Anybody seeing me in my old car in 1998 would have said, “Well, this man, what is he up to? He’s a professor, he is an advocate, but he must be keeping some money somewhere.” But I recognized even then that, it was important to build something, it was important for me that, in the future, I must be able to look back and encourage some people, young people, and let them know that they don’t have to steal, they don’t have to cheat or do anything untoward to get money. And I was saying that it is possible for a person to earn a salary, it may not be enough, but you are developing yourself, you are building up yourself.

A time came in my life that people would give me cars. Life itself is a journey; it is not a hundred-meter dash. If you hurry too much and you go around shortcuts, you would end up in big problems. There are people who would say, at the age of thirty-something, I must have built a house. Why must you build a house at the age of thirty-something? I built my own house at the age of 50. I moved into my house at the age of 51 and I enjoyed the house. Before then I used to live in a house that I rented. It was a rented accommodation. So there is nothing to be said for saying that by the age of 20, you would do this. So what? If God helps you and you are successful honestly, at the age of 20, fantastic. But don’t be under any pressure; don’t let anybody put you under pressure. You must be determined to work hard, you must determine to be a person of integrity, determine to ensure that you build your works correctly, so that at the end of the day, you are able to enjoy whatever you have in peace.

Finally, let me just say that we must also recognize that every generation owes itself the duty of converting its challenges to opportunities and success. And you must not see yourself as young people of the South-West alone. Yes, you are South-West citizens, you were born and bred here, but you are actually citizens of the world. You are citizens of Nigeria. You must make contacts across the country, you must build bridges across the country; you must see yourself first and foremost as a Nigerian citizen. It is from this Nigeria that we would make the kind of progress that each and every one of us need. There is no point doing our business only in the South-west, Nigeria is our playing field; this country is big enough. The advantage of our country is that it has everything that we need, and we must take advantage of it.

So while we are here locally, we must think nationally, and we must think globally. And we must act nationally, and we must act globally.

Thank you very much.

Released by:

Laolu Akande
Senior Special Assistant to the President (Media & Publicity)
Office of the Vice President
January 09, 2018

Press Release: There is now a New Orientation To Grow Business In Nigeria – VP Osinbajo

“I think a new orientation has been birthed which is that as bureaucrats, we are meant to facilitate trade and commerce and business in our environment”, says Vice President Yemi Osinbajo, SAN.

Speaking today at the State House to heads of Federal Government regulatory agencies at a meeting convened to review the implementation of the Micro Small and Medium Enterprises Clinic (MSME Clinic) in the out-going year, the Vice President congratulated the implementing agencies saying “ I think that a tremendous improvement we’ve seen in the quality of service to the people is worthy of commendation and I want to congratulate you all.”

The Vice President told the implementing agencies not to rest on their laurels noting “next year will also be a more intense period where we will be required to double our efforts.”

Vice President Yemi Osinbajo later presented certificate of recognition to agencies who contributed to the success of the MSME Clinics namely; Federal Inland Revenue Service (FIRS), Bank of Industry (BOI), Corporate Affairs Commission (CAC), Small and Medium Enterprises Development Agency (SMEDAN), National Export and Import Bank (NEXIM), National Food and Drugs Administration & Control (NAFDAC), Standard Organisation of Nigeria (SON) and Nigerian Export Promotion Council (NEPC) as well as the project coordinator, Brown Valley Partners Ltd.

Earlier at the review session chaired by Minister of State for Industry, Trade and Investment, Aisha Abubakar, the heads of agencies namely Federal Inland Revenue Service (FIRS), Bank of Industry (BOI), Corporate Affairs Commission (CAC), Small and Medium Enterprises Development Agency (SMEDAN), National Export and Import Bank (NEXIM), National Food and Drugs Administration & Control (NAFDAC), and Nigerian Export Promotion Council (NEPC), during their various presentations lauded the visionary leadership of the Vice President, commending him for ensuring that the clinics were held in 11 (eleven) cities across the six geo-political in the country.

It would be recalled that the MSME Clinics was launched by Vice President Yemi Osinbajo on Januray 24 in Aba, Abia State. It was conceived in view of the Buhari administration’s consideration of MSME space as critical to the growth and diversification of the nation’s economy from oil given its capacity as a potential contributor to the GDP.

The Clinics are driven by the Presidency and the Federal Ministry of Industry, Trade and Investment in conjunction with 14 MDAs which are critical to the operations of MSMEs in Nigeria.

Laolu Akande
Senior Special Assistant to the President (Media & Publicity)
Office of the Vice President
December 19, 2017

Press Release: All Those Found Guilty in Osborne Towers Scandal Will Be Sanctioned – President Buhari

President Muhammadu Buhari Tuesday in Abuja said all those found culpable in the Osborne Towers scandal will be made to account and appropriately sanctioned.

Receiving a report of the panel established to review the operational, technical and administrative structure of the National Intelligence Agency (NIA), President Buhari described the discovery of monies in the flat at Osborne Towers, Ikoyi, Lagos, in April this year, as an ‘‘unfortunate incident which rightly aroused public interest and outcry.’’

‘‘All the circumstances surrounding the obtaining, keeping custody and disbursement of the funds have been examined by the Vice President’s Committee and all those found to be culpable will be made to account and appropriately sanctioned.

‘‘However, it must be understood that this cannot be done in a manner that jeopardises national security or exposes the operations of any intelligence Agency, which must, by nature be conducted in secrecy.

‘‘Suffice it for me to assure all that justice will be done consistent with our anti-corruption policies,’’ the President said.

President Buhari, while commending the Presidential Review Panel on NIA led by Amb. Babagana Kingibe, former Minister of Foreign Affairs, for completing their assignment expeditiously, expressed the hope that the recommendations of the panel and that of an earlier Committee headed by the Vice President to look into the Osborne matter will assist Government in improving the operations of the NIA and the overall National Security architecture.

‘‘Your Panel’s recommendation, informed as they are by your collective experience and expertise in this field, should in particular help to reposition the NIA to better perform its vital functions with greater professionalism.

‘‘The Osborne Tower incident and its aftermath has also brought to the fore the need to review the entire National Security Architecture, which has now been in operation as established 31 years ago.

‘‘Once again, I thank you very much for undertaking this national assignment, ’’ he said.

Vice President Yemi Osinbajo was present at the presentation of the report by the panel which has Chief Albert Horsfall, Amb. Zakari Ibrahim and Amb. Ezekiel Oladeji, as members.

Femi Adesina
Special Adviser to the President (Media & Publicity)
December 19, 2017

Speech: VP Osinbajo’s Address at the 10th Anniversary Celebration of the Fisheries Committee for the West Central Gulf of Guinea in Abuja

It is my pleasure and privilege to express the warm felicitations of the Government and people of Nigeria to you all on this occasion of the Tenth Conference of Ministers and the Tenth Anniversary of the Fisheries Committee for the West Central Gulf of Guinea (FCWC). Please accept also, our congratulations on the occasion of your tenth anniversary.

Let me also extend the gratitude of the Government and people of Nigeria, to the FCWC for giving us the opportunity to host this anniversary, I’m told this is the second time Nigeria is hosting this yearly meeting and I hope we will be given the chance to host it frequently.

It is important to remind ourselves of the objectives of this regional body, which includes the strengthening of sub-regional cooperation in fisheries management, monitoring, surveillance and enforcement operations; and the development of the capacity of small-scale fishing operators in member countries, to create sustainable livelihoods.

On the matter of small-scale fishing operators, a point that we cannot overlook, is that most of our national economies thrive largely on the combined energy of multitudes of individual entrepreneurs and small businesses – farmers, fishermen, artisans, traders. Our policies and programmes as governments must therefore, be directed towards supporting the aspirations and ambitions of these small-scale-but-big-energy entrepreneurs.

All six member-countries also need to deepen strategic cooperation, to harness the enormous fisheries potentials in the Gulf of Guinea for the benefit of our people. I implore the secretariat of the FCWC to prioritize the speedy sharing of information between member states, in order to more effectively checkmate the activities of foreign vessels fishing illegally within our territorial waters.

Your Excellencies, it is in the common and vital interest of our nations that we continue to give the FCWC our full support for the sustainable management of our fisheries resources.

On the part of Nigeria, we will continue to play our role in the support of FCWC. In line with this, I am happy to inform you that we have paid almost about $200,000 of our debt to the FCWC this year. I say the figure just to encourage everyone else, to toe the line of repaying debts as quickly as possible.

The safety of Nigeria’s maritime waters is also of principal concern to us. To this end, President Buhari has approved the purchase of some patrol vessels for the Department of Fisheries, which will be managed in collaboration with the Nigerian Navy.

These vessels will boost the search and rescue capacities of the relevant security agencies, deter illegal fishing, prevent illegal Unreported and Unregulated (IUU) Fishing, and help secure our vessels at sea.

In the Northeast of Nigeria, terrorist activities of Boko Haram have devastated a fishing industry that has historically supplied much of West Africa. President Buhari earlier this year, approved the establishment of a Lake Chad Naval Base, to boost security, and fast-track the restoration of deprived livelihoods in that zone.

The theme of this conference which is: “Investing for Growth and Sustainability for Fisheries in West Africa” is an important one, both in terms of sharing experiences and laying out our aspirations for the economic well-being of our people.

Perhaps I might ask that you indulge me for a minute to share some of our success in agriculture and investments generally. Agriculture and aquaculture in particular, is easily one of the most critical of the multiple engines that will help diversify our economies, and create jobs and prosperity, especially for our young people.

We have focused on agriculture as being the pathway for sustainable growth for our people, and providing much needed jobs for the hundreds of thousands of young people graduating from various levels of our educational institutions. We think that fisheries and the whole aquaculture economy, will supply what we need in terms of opportunities for several of these young people and there are several initiatives we are proffering which the Ministry of Agriculture has been leading in the past few months.

I’m pleased to note that our efforts to reduce fish imports and increase local fish production, by encouraging the private sector to invest in aquaculture, is yielding positive results. Our domestic fish production in the last two years has increased from 450,000 metric tons to 1.1million metric tons.

This is no doubt regarding the result of the work we’re doing to encourage and enable investment in Nigeria. Our conviction is that Nigeria’s economic revolution must be led by private capital, and that government’s primary role is to create the enabling environment for commerce to thrive unhindered and this has greatly assisted our work in this respect.

We have worked quite hard, to ensure that we create the environment for investments; small, medium-sized and large investments.

We have worked at this especially in the last one year, by implementing a series of reforms that have earned us a place on the World Bank’s list of top ten most improved economies in 2017, from a business climate improvement perspective.

These reforms range from simplifying registration processes for new businesses, to making it easier for investors and entrepreneurs to access credit, to implementing a visa on arrival scheme that takes just about 48 hours to process. We are also effecting reforms aimed at easing bottlenecks in our seaports, for the benefit of importers and exporters.

Many of these reforms are in nascent stages, we are working daily to improve and fine-tune them. We have realized that we need to have an enabling environment, not just for foreign investments, but in particular for local investments to thrive. It is when local investments thrive that foreign investors may then feel enabled and inspired to come in to invest. Our focus is ensuring local investments thrive through several of the initiatives we have introduced.

I would like to reiterate the philosophy behind these reforms; Nigeria is open for business and investment. We would like to see investors take us up on this pledge. You’re very likely aware that there is a great deal of opportunity in Nigeria’s aquaculture industry – the size of our domestic market and our status as a gateway to West Africa together constitute a compelling business case.

On this note, let me once again express the sincere gratitude of the Nigerian government and people of Nigeria to the FCWC for giving Nigeria the opportunity to host you all. I hope that all the visiting Ministers and delegates have in the last few days, found the time between the busy sessions to experience and enjoy the beautiful scenery and warm hospitality of Abuja. If you have not, there is still a bit of time to catch up on that.

I trust that you have had successful and result-oriented deliberations so far, and that this Ministerial Conference will be ending on a fulfilling and productive note.

Thank you very much and God bless you all.

Released by:
Laolu Akande
Senior Special Assistant to the President on Media and Publicity
Office of the Vice President
December 15, 2017

Press Release: NEC 83rd Meeting

An update of the ongoing forensic audit of revenue accrued from revenue generating agencies and meant for the Federation Account was given today at the National Economic Council, NEC meeting presided over by Vice President Yemi Osinbajo, SAN.

The Chairman of the Ad Hoc Committee of NEC on the audit, Governor Ibrahim Dankwambo, of Gombe State said the forensic audit is ongoing and assured Council that the full detail of the report would be ready in January, 2018.

He mentioned the Nigerian Customs Service and the National Communication Commission as the two agencies that are now being audited in a review that has included other agencies including NNPC.

The report is expected to detail the extent of revenue meant for the Federation but never made it to the Consolidated Account under the past administration.

This was one of the highlights at the monthly NEC meeting earlier today at the Council Chambers of the Presidential Villa, Abuja.

Also the details of inflows and outflows of special accounts of the Federal Government would be provided beginning from 2015 to date, according to the Minister of Finance, Mrs Kemi Adeosun.

The Minister also disclosed that several States have not been complying with conditions for the Budget Support facility as agreed under the Fiscal Responsibility Plan.

She added that particular states are yet to publish the mode of their financial disbursement, while some others have also not completed the Biometric Data of their staff list as agreed by the Council.

The Fiscal Responsibility Plan endorsed last year by NEC details the conditions State governments are expected to meet to qualify for FG’s Budget Support Facility which ranges from N800m to over N1B per State, per month.

BELOW ARE HIGHLIGHTS OF TODAY’S NATIONAL ECONOMIC COUNCIL MEETING PRESIDED OVER BY VICE PRESIDENT YEMI OSINBAJO, SAN

(10TH IN 2017) 83rd NEC MEETING – THURSDAY, 14th DECEMBER, 2017

UPDATE ON FORENSIC AUDIT OF REVENUE ACCRUED FROM REVENUE GENERATING AGENCIES (RGAS) INTO THE FEDERATION ACCOUNT, EXCESS CRUDE ACCOUNT AND CONSOLIDATED REVENUE FUND BY THE CHAIRMAN OF THE COMMITTEE, GOVERNOR OF GOMBE STATE,

His Excellency the Governor of Gombe State, and Chairman of the Forensic Audit Committee, Dr. Ibrahim Dankwambo, informed Council that the audit firm Messrs. KPMG, is still conducting the forensic audit of some establishment and that a full report will be ready by January 2018.

UPDATE ON THE BALANCE IN THE NATURAL RESOURCES DEVELOPMENT FUND

Council was informed by the Accountant-General of the Federation that the balance in the Natural Resources Development Fund Account as at 13th December, 2017 stands at N106.984 billion.

REPORT ON EXCESS CRUDE ACCOUNT (ECA)

The Accountant-General of the Federation also informed Council that the balance in the ECA as at 13th December, 2017 stands at $2.317 billion.

UPDATE ON THE CURRENT BALANCE OF THE STABILIZATION FUND ACCOUNT

The Accountant-General of the Federation informed Council that the balance in the Stabilization Fund Account as at 13th December, 2017 stands at N7.78 billion.

UPDATE ON BUDGET SUPPORT LOAN FACILITY

Council was informed that payment for the months of June, July and August to States has been effected, and that preparations are underway to do same for the month of September, 2017.

GENERAL COMMENTS ON SPECIAL ACCOUNTS

Council would be furnished with details of inflow and outflow beginning from 2015 to date regarding some of these special accounts: stabilization fund Account and Natural resources development fund

The Honourable Minster of Finance informed Council that the Budget Support facility to States is based upon certain conditions as agreed to under the Fiscal Responsibility Plan. But most of the States are yet to comply, she added. She said most of the States are yet to publish the mode of disbursement and most of them also have not completed the Biometric Data of their staff list as agreed in Council.

A. PRESENTATION ON CURRENT DEVELOPMENTS IN THE WATER RESOURCES SECTOR BY THE HONOURABLE MINISTER OF WATER RESOURCES

The Honourable Minister of Water Resources, Engineer Suleiman Adamu, presented a memo to Council, asking for urgent steps and action in the water sector if the country is to overcome the challenges of water supply, sanitation and water governance issues, as well as achieve the 2030 targets of the Sustainable Development Goals (SDGs) on water supply and sanitation.

He informed Council that Nigeria is lagging behind in terms of water supply, with access to pipe-borne water dropping from 32% in 1990 to less than 7% in 2017, with a corresponding increase of 25% in open defecation and the

prevalence of water-borne diseases.

He told Council that an estimated investment of N1.9 trillion is needed in the next 15 years to meet the SDGs by 2030.

He outlined a three-phase Action Plan to revitalize the water, sanitation and hygiene sector to include the following:

(a) A 12-month emergency plan beginning from the 2nd quarter of 2018 to April 2019.

(b) A five-year recovery programme to last up to 2022

(c) A 13-year revitalization strategy that will last till 2030

These plans, he said, will involve the urgent establishment of an institutional and funding framework for Water Supply, Sanitation and Hygiene (WASH) Services, and the engagement of Urban and Rural (WASH) sectors on an accelerated development path towards 2030.

The plan also calls for tripling the current investment in water supply, establishment of a WASH fund, fast-tracking the development of the National policy on Sanitation and the presidential launch of a National Sanitation Campaign to eliminate open defecation.

Furthermore, the plan is seeking the massive rehabilitation of existing infrastructure in the sector, and sectoral reform towards cost recovery and promotion of private sector participation in the sector, all aimed at taking care of the estimated 182 million population.

The National Water Reserves Bill now before the National Assembly provides for the establishment of Catchment Management Committees, with representatives of States within each hydrological area as permanent members.

In a similar development, the Minister informed Council that Nigeria requires an average annual investment of N59 billion to attain 78,000 hectares of planned irrigation by 2019, and a total of N1.5 trillion to attain 500,000 hectares of irrigation by 2030.

Council was also informed that the River Basin Development Authorities across the country are undergoing structural reforms towards partial to full commercialization.

Council thanked the Minister of Water Resources and urged collaboration between stakeholders in the approach to National Water Supply.

ANY OTHER BUSINESS (AOB)

SECURITY

The Chairman Governor’s Forum, Alhaji Abdullazeez Yari, informed Council that Governors have offered to contribute over $1 billion to support Military Operations in the North East. Governors said money should be taken from the ECA.

SGF/SSG’S RETREAT

The SGF informed Council that there will be a retreat in the coming days, 18th – 19thDecember, between the SGF and all Secretaries to the State Governments for better collaboration on issues of security and governance in all tiers of government.

FUEL SUPPLY

Honourable Minister of State, Petroleum Resources, Dr. Ibe Kachikwu, told Council that fuel queues will disappear nationwide in the next 48 hours. All logistic arrangements to this effect have been concluded. He assured that there is enough fuel in the strategic reserve to last till the end of January.

In his closing remarks at the meeting, His Excellency, the Vice President, wished the Governors and the people of their States Merry Christmas holiday as the meeting is the last in the year.

Laolu Akande
Senior Special Assistant to the President on Media & Publicity
Office of the Vice President
14 December, 2017

Speech: VP Osinbajo’s Remarks at the PEBEC Impact Award Ceremony in Abuja

I want to thank you very much for attending, and also to congratulate all of our awardees who have clearly distinguished themselves and have helped so much in getting to where we are.

I want to say in particular that what this demonstrates very clearly, is that there is absolutely nothing that we cannot achieve as a people if we set our minds to it.

Just listening to what Titi Shonuga had to say a few minutes ago, tells us very clearly that we are a unique people, and we demonstrated that by this extremely rapid movement 24 spaces up and qualifying as one of the 10 most improved economies in the world, within really a space of about a year or so of active work.

What happened with this group of people working together was that first; we had the Executive and Legislative coming together to make this happen. We had the very great leadership of the Senate President and the Right Honourable Speaker, and of course several of the distinguished Members of the House of Representatives who have already been given awards today.

We decided that it was time that we sorted out the business environment and we did something about that. I think the fact that we were able to meet all deadlines, and the Legislature was able to meet all the deadlines that we set, was really incredible.

Working with the States; Lagos, Kano, and seeing that even at the sub-national level, there is so much that could be done even with collaboration with the Federal Government and they can do it so effectively. I think this whole group of people deserve commendation and would like you to give them another round of applause for the excellent things that they did.

We were greatly assisted by the cooperation of all of the MDAs; Immigration, Customs, Airport authority, NAFDAC, CAC, practically every one of the MDAs worked very closely with us and very hard to make this happen. Of course, the PEBEC secretariat led by our own Doctor J as we call her, Doctor Jumoke Oduwole and the great team she has.

I want to say the next plan of action, and I think Dr. Oduwole has already pointed that out, is bound to be a lot harder and we are already beginning to see that unless we put our minds to it again, and work hard and consistently, we might not be able to achieve the objectives we set for ourselves.

I want to say to everyone, that it is so important that we move up as quickly as possible on the Ease of Doing Business scale, but more importantly, that we make a real impact on our business environment because this is not just about moving up or some World Bank rating, for us it is more important that we create an environment where small and big businesses, are able to do business effectively in this environment and do so with ease.

That is the target we have set for ourselves, that the day must come, when anyone who comes to this country can say I was able to do my business easily and effectively, and local business people can confirm that it is just a breeze to do business in Nigeria.

For us, it is more important that we are able to create an environment where small businesses and bid businesses and everyone is able to do business effectively in this environment and to do so with ease. And I think that that is the target we have set for ourselves; that the time must come, a day must come that anyone who comes into this country will say I was able to do business easily and effectively and local businesses can confirm that it’s just a breeze to do business in Nigeria and I think that we can really achieve that. A lot of it has to do with our bureaucracy and the way that the bureaucracy works. We are working very hard on that on the attitude of bureaucrats and persons who have been charged with responsibilities of making things easy. Sometimes, such people mat really not understand their roles as well as they ought because the whole business of processing or giving investment approvals and all of that should be able to make things easy and not be able to become an obstacle of sorts.

And I think that that attitude is changing and we are going to ensure that it continues to make progress as we go along. So just to say, again I thank very much for all of the efforts that have gone into this and to say that the next few weeks and few months will involve a lot of doing and all of us we are going to write into this. And I already have the assurances of our friends and colleagues in the legislature and at the states as well. We are bringing more sub-nationals at this point, may be more states and I’m sure we’re going to be even more successful than we were in the first action plan.

Thank you very much

Laolu Akande
Senior Special Assistant to the President on Media & Publicity
Office of the Vice President
December 12, 2017

Speech: VP Osinbajo’s Address at the Commissioning of the Petrolex Mega Oil City in Ibefun, Ogun State.

May I on behalf of President Muhammadu Buhari, congratulate Mr. Segun Adebutu and his team for bringing to reality this vision for an integrated Petroleum Complex, here in Ogun State.

What he and the Petrolex team have done, what they have accomplished here is an impressive testament to the power of vision and dedication, and it really is a special pleasure to be here today to see for myself and commission this one-of-a-kind facility.

From the point of view of government’s downstream objectives in the petroleum sector, this investment is of special significance.

It ticks the boxes of strengthening our distribution infrastructure for petroleum products and meeting the target for reducing the importation of petroleum products and PMS to less than 20% by the end of 2018 and first quarter of 2019.

We expect that this space will be filled by investments in facilities such as this and this is why we are delighted this facility with a capacity to store 300 million litres of petroleum products – the largest of its kind in the country and am told, the largest in Africa and conveniently holding 4,000 trucks at a time, and a jetty capable of berthing 30million metric tons of cargo. This will substantially improve retail distribution in Nigeria and increase domestic storage capacity for petroleum products and the cargo coming in on barges from larger vessels for now will be stored and loaded from the gantry right here, this will decongest the Apapa and Ibafo tanker traffic and facilitate distribution from here to practically anywhere in the country.

But more cheering is the fact that this facility is still work-in-progress. The Tank Farm that we are commissioning today represents only the first phase of a much grander project: a ‘Mega Oil City’ which will include a 250,000 barrels per day Refinery, and this clearly, to date, will be the largest single line refinery in the country.

But perhaps of greater importance as a feature of our national economic objectives is that this facility again bears out a philosophical plank of our Economic Recovery and Growth Plan, which is that private capital must lead Nigeria’s economic revolution. And this is trite as the private sector is the nation’s major economic force and that the primary business of government is to create the environment that enables commerce to thrive unhindered.

And of importance also is the fact that significant local investments such as this send the strongest possible signal to foreign investors that not only is government saying that Nigeria is the investment destination in Africa, local smart money like Petrolex is also saying the same thing.

And may I also say that there is credible independent third party evidence that we are on the right track. A month and half ago the World Bank adjudged us to be one of the ten most improved economies in the world this year, from the point of view of our business and investment climate.

This facility also represents jobs – 10,000 direct and indirect ones. Each of these jobs will support not just the workers, but also their dependents, aside from the significant impact on the local economy here – by way of increased incomes traders, farmers, artisans, and landowners. There is of course the fact that economic activities moved to a place where no economic activity was hitherto.

The Federal Government is absolutely clear in its belief that industrialization is the key to achieving sustainable economic growth and creating jobs for millions of young people. The petrochemical industry is a logical and crucial component of this plan and we are doing all we can to provide an incentive regime that will drive investments in this sector. And we certainly would like to see credible investors like Petrolex prominently in this crucial space as well. And speaking to Mr Adebutu, already, there is a plan for a fertilizer facility here and also for the production of several other elements of the petrochemical industry.

We have recently published through the NIPC, Nigeria’s full list of business incentives and barely two weeks ago the President asked that I chair a committee to look into how to provide lower interest rates for the manufacturing industry. We understand clearly that without some kind of preferential interest rates for the manufacturing industry in Nigeria, we will not be able to make much progress and for that reason we are now looking very closely into how we can provide cheap credit for the local industries and I hope we will be able to achieve this in a short period of time.

Let me again express the Federal Government’s full support for this project and our pledge is that we will be with you every step of the way, supporting in every way we can.

I must congratulate the patriarch of the Adebutu business dynasty, Sir Kensington Adebutu on this special day, where you have seen the future of your progeny in your lifetime. This is a great blessing indeed for which we join you in giving thanks to the Almighty God.

Segun and the management and staff of Petrolex Oil and Gas deserve our commendation and congratulations on this landmark achievement and we all pray for the speedy and successful completion of the next phases of this project.

Nigeria eagerly awaits the full manifestation of this “Mega Oil City Project” and in a few minutes it will be my pleasure to commission the Petrolex Mega Oil City project.

Thank you all.

Laolu Akande
Senior Special Assistant to the President on Media and Publicity
Office of the Vice President
December 12, 2017

Press Release: Buhari’s Presidency Begins National Consultation on Farmers-Herders Conflict

Following his visit to Adamawa State on the 5th of December 2017 in the wake of the communal clashes in the area, Vice President Yemi Osinbajo, SAN, has today, Monday, 11th December 2017, commenced a series of national consultations with all relevant groups designed to find a lasting solution to the farmers-herders conflict in parts of the country.

Today’s meeting, the first in the series, held at the Presidential Villa, Abuja, and had in attendance the Emir of Kano, Muhammadu Sanusi II; the Lamido of Adamawa, Muhammadu Barkindo Aliyu Musdafa; elder statesman, Mallam Ahmed Joda; and other leaders of the Fulani communities. Subsequent meetings would focus on other interest groups.

At the meeting, previous reports on the conflict were presented by the delegation and causes of the conflict were analysed. The meeting unequivocally condemned the acts of violence that has occurred, especially the killing of children and women, and highlighted the need for Law Enforcement and other Government Agencies to dutifully and objectively perform their Constitutional roles.

The Vice President assured the delegation of the Federal Government’s resolve and commitment to the entrenchment of lasting peace in all communities across the country and the resolution of all legitimate grievances.

He said “There is nothing much more important now, in showing our leadership, beyond preventing tragedy and destruction of everything we have built as a nation. The entire Nigeria enterprise is bigger than other interests. The overall objective is ensuring that our nation is not enveloped by another crisis.”

According to the Vice President, “We now have an opportunity to do something. We have the opportunity to resolve the issues and to build a nation where we and our children can live in peace.”

Already, following the Vice President’s visit to Adamawa State last week, several food items and relief materials have been distributed to all the affected communities in the State, including Shafaron, Kodomti, Tullum, Mzoruwe and Mararraban Bare in Numan Local Government Area. Others communities that have received relief materials are Dong, Lawaru and Kukumso in Demsa Local Government Area of the State.

In the next series of meetings, the Vice President will meet with the Batta, Bachama and other groups from Adamawa State; while meetings with stakeholders from other conflict-affected States would follow.

Also at the meeting were Secretary to the Government of the Federation (SGF), Boss Mustapha, and the Minister of the Federal Capital Territory, Mohammed Musa Bello.

Laolu Akande
Senior Special Assistant to the President on Media & Publicity
Office of the Vice President
11 December 2017

Speech: VP Osinbajo’s Address at the 2017 The Future Awards Africa Event in Lagos

There are particular moments in the history of nations when there is a palpable feeling that something new is about to emerge that the nation can be transformed.

Often it begins with hopelessness and cynicism. It may be that the nation has laboured under oppressive and divisive circumstances, living with poverty, inequality, bitter ethnic and religious division, and hate.

But in the midst of poverty, corruption, ethnic and religious divisions, hope begins to be built in the hearts of some; a new vision is birthed in these people.

Of the number are men and women, young, old, married and single, united by the common belief that nation can be reborn; that a new nation can be forged from the furnace of despair; that a nation of great values is possible; that the people can be united; that they can together fight corruption, reject the politics of identity and religion; and unite around the values common to the attainment of dignity and fulfilment for all.

They are united in the notion that a new tribe can emerge. A tribe of men and women from all tribes, ethnicities and faiths; built on principles that all persons are created equal; that resources attain their greatest use when they are rendered for the benefit of all; that our best talents must be applied in every task; that we must respect the rule of law and the centrality of law and order; that none will be allowed to steal or waste public resources; that we will prefer and reward excellence and merit; that Government is to create the circumstances for the happiness and prosperity of the majority; that the life of the Nigerian person is our most precious resource; that we must love our nation and love each other; and protect the weak and vulnerable.

This new tribe is one whose ethos is of hard work, whose creed is that all honest labour is dignifying, worthy of respect and reward; and that integrity is not negotiable; that our word must be our bond; that personal desires and ambitions must be moderated by faith, and consideration for others.

And so from the many tribes, ethnicities and identities will arise a ‘New People’, ‘a New Tribe’. We are at that moment in our history. And it is the historic responsibility of the new tribe to develop an understanding of who we are meant to be as a people, to develop the capacity to define our place in human history by reaching deeply into the core of our humanity to find the purpose or reason for our existence.

Are we here to live sub-human lives in one form of deprivation or the other? Aligned along parochial lines, ignoring merit and value and upholding narrow identities, permitting corruption if it is done by those of our tribe or faith?

In the womb of this ‘New Tribe’ is the greatness of Nigeria. But Greatness can only come from the willingness of the few to make the sacrifices necessary for the emancipation of the many. This new tribe can build a new nation.

I call on you all to join the new tribe. Thank you for listening.

Laolu Akande
Senior Special Assistant to the President on Media & Publicity
Office of the Vice President
10 December 2017