By Bolaji Ogundele, Abuja
The Vice President, Professor Yemi Osinbajo (SAN), has assured that regardless of the present challenges going through Nigeria, the nation’s ‘extraordinarily brilliant financial future’ can’t be aborted.
The Vice President acknowledged this on Tuesday, throughout a facility tour of SecureID’s premises, a wise card manufacturing firm, which is predicated in Lagos.
A press release issued by Senior Particular Assistant to the President on Media and Publicity, Workplace of the Vice President, Mr. Laolu Akande, on Wednesday, stated SecureID is the primary of such corporations in sub-Saharan Africa and one of many three such cutting-edge amenities on the continent, with prime prime world certifications.
In response to the assertion, whereas inspecting the ability, Professor Osinbajo had stated “the financial way forward for our nation is extraordinarily brilliant. Sure, we now have challenges right now and so they could look daunting. However let me guarantee you that these points might be resolved. The march of this nation to its manifest future as Africa’s main financial energy is not going to be aborted. We’re greater than capable of overcome.”
He additional stated the Buhari Administration in “following the advice of the Presidential Financial Advisory Council, has decided that manufacturing might be our predominant focus in bringing about dynamic progress, jobs and exports. This can imply retooling our enterprise surroundings for larger competitiveness, particularly with the take-off of the African Continental Free Commerce Space settlement.
“We’re rethinking our tax regimes, checking out exterior and inner commerce points, getting our regulatory authorities; SON, NAFDAC, and even Customs, to see their roles extra as enterprise facilitators quite than policemen or income turbines. The environment have to be pleasant for native companies first, international investments will observe enthusiastically.”
Commenting on the efforts of the administration to place the nation as a number one financial beacon on the continent, the VP additionally acknowledged that the Buhari administration was ramping up efforts in bettering the nation’s infrastructure and digital house.
He stated, “apart from the work we’re doing with different infrastructure comparable to rail, roads and energy we’re dedicated to a plan of democratizing broad band connectivity. Our programme, which we now have reiterated in our Financial Sustainability Plan, is broadband connectivity for all by 2023.
“The Federal Ministry of Communications and Digital Economic system launched the Nationwide Broadband Plan which is designed to ship knowledge obtain speeds throughout Nigeria of a minimal 25mbps in city areas and 10mbps in rural areas, with efficient protection accessible to no less than 90% of the inhabitants at reasonably priced costs by the goal date. Broadband connectivity is as vital as electrical energy within the digital age in contrast to electrical energy we do not need to make a number of errors earlier than getting it proper.”
Whereas commending the efforts of the founder and Managing Director of SecureID, Mrs Kofo Akinkugbe, Prof. Osinbajo described SecureID facility as a spot of historical past, innovation and creativity.
He stated, “This world-class manufacturing facility is reputed to be the primary licensed smartcard manufacturing plant in sub-Saharan Africa, the one good card manufacturing and personalization plant in West Africa and one in all solely six on the continent and one in all solely 80 on this planet.
“The power serves 21 nations throughout Africa and is absolutely licensed by main business card corporations – VISA, Verve and MasterCard. SecureID has proven that this nation might be on the reducing fringe of growth in know-how and digital enterprises. The world during which corporations like SecureID operates, offering complete end-to-end cost, identification administration and digital safety options is one which thrives on innovation.”