Osinbajo
Osinbajo

VICE PRESIDENT, Prof.
Yemi Osinbajo,on Monday
said the Federal Executive
Council (FEC) has approved the
concessioning of the Lagos and
Abuja International Airports for
better management.
Osinbajo said this in Abuja at
the fifth Presidential Quarterly
Business Forum aimed at
improving the ease of doing
business in Nigeria.
“We are working hard to make
the airports more passenger
friendly, but then we have
several issues.
“Infrastructure is in a terrible
state and we know that public
sector has a poor record on
maintenance of facilities.’’
He said the airports needed
to be overhauled as they lacked
basic facilities as most of the
available ones were dilapidated.
He said for the economy to
be improved, the private sector
needed to be involved in many
ways.
“Partnership with the private
sector is not only a policy, it is
the most sensible thing to do
and our approach is to engage,
work collaboratively to take
criticisms and suggestions
seriously and to respond.’’
He said a lot needed to be done
in the whole process to ensure
that what needed to be done
was done to guarantee change
and improve the economy.
He, however, said change was
always slow but that the nation
must remain focused to achieve
the required objectives.
Osinbajo said the readiness
to confront the covert and
overt resistance of a system
accustomed to rent seeking
and gratification were also
important
“The private sector is also
used to a system where there is
constant gratification and rent

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seeking and in order to reverse
and stop that, it involves calling
out public officials who are
involved in such.
“So it means the private
sector cannot say because I
want to do my own business
as quickly as possible I will not
call out anybody who is seeking
gratification or bribe.
“We have to do this thing and
if we do not we will not solve
the problem,’’ he said.
He said the regulators of all
the sectors of the economy
should ensure that they were
facilitators to the ease of doing
business initiative and not
obstacles to the growth being
sought for.
Dr Okechukwu Enelamah,
Minister of Industry, Trade
and Investment, said the
progress made in the business
community so far had helped
the economy come out of
recession.
He said some of the successes
of the Federal Government were
tied to the responsiveness and
engagements from the private
sector.
“Forums like this help
strengthen the engagement
between the private sector and
the government and we have
used the feedbacks to improve
our policies and interventions.
“In many respects we are
becoming more and more of a
responsive government and we
are mindful of the challenges
that businesses face, particularly
the private sector and incoming
investors.
“We would like to understand

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some of these issues better
and proffer solutions.
He said there was continued
concern about what
appeared to be an adversarial
relationship and trust deficit
between the private sector
and government.
He added that there were
several complaints about
multiplicity of taxes and
agencies that collect various
levies at the different levels
of government, adding that
there was also the issue
of coordination between
government agencies.
He assured that some of
these issues were already
being worked on using the
executive orders that were
issued on fast tracking
businesses for both the local
and foreign investors.
“I know that we
are beginning to see
improvements in the
registration of businesses,
in getting credit with the
enactment of new bills on
credit and collateral.
“We are continuing to
simplify the procedures for
paying taxes and progress is
being made with regards to
visas at the airports for entry
and exit of people.’’
The forum was focused
on enabling business
environment as it pertained
to government regulators,
was aimed at sharing the
views the current regulatory
environment users of
government regulations were
confronted with.
It also served as an
opportunity to give an
update on the current Ease
of Doing Business initiatives
and the current impact on
the regulatory environment.
(NAN)

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