VP Osinbajo at #Davos2016: Talks digitization of government, oil subsidy, Boko Haram
Nigeria’s vice-president, Professor Yemi Osinbajo, SAN today represented President Muhammadu Buhari at the ongoing World Economic Forum 2016 taking place in Davos, Switzerland.
Vice-President Yemi Osinbajo at Davos 2016; credit: Twitter/TheGreenVilla
Osinbajo at a panel session on governance discussed the efforts of the Buhari administration at reducing cost of governance and how the decline in oil revenue has
caused the government to look inwards.
The vice-president stated that the digitization of the Nigerian government has helped too save costs and has created room for better decision making.
Concerning the drastic drop in export commodity prices which has seen to a substantial decline in expected revenue of many African countries, Osinabjo maintained that the continent is not doomed, but it is time to look inwards.
VP Yemi Osinbajo at the World Economic Forum in Davos, Switzerland; credit: Twitter/TheGreenVilla
The vice-president remarked that transparency and good governance will get Nigeria through the woods now that global crude oil price has gone below the $30 mark. He added that more than ever before, there is a need for adequate expenditure monitoring in government.
Osinbajo further explained that corruption is often a product of non-transparent systems, an issue he said the Buhari administration is working hard to address decisively.
Concerning the security situation in Nigeria’s north-east, Osinbajo insisted that the Nigerian Army had dealt with the existential threat Boko Haram posed and degraded the insurgents. He however admitted that the military is still implementing strategies to deal with incidents of suicide bombing.