Easy oil money to blame for our woes – Osinbajo

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Nigeria's Vice President, Professor Yemi Osinbajo

Nigeria’s Vice President, Professor Yemi Osinbajo

Having an easy source of revenues denied Nigeria the opportunity to engage in the critical thinking and prioritization that usually drives development, according to Vice President Yemi Osinbajo, SAN.

Prof. Osinbajo spoke on Thursday at the launching of the Standard Operating Procedures (SOP) and Port Services Support Portal (PSSP) for Nigerian Ports hosted by the Ministry of Transportation in Abuja.

In attendance were top government and private sector functionaries including Transportation Minister Rotimi Amaechi.

Osinbajo said the country must reduce the current dependence of the federal and the state governments on the ritual sharing of revenues from oil.

According to the Vice President, doing so would require alternative revenue sources and diversification of our economic structures in terms of the drivers of our economic activity and sources of foreign exchange.

He hailed the Ministry of Transportation for initiating the SOPs and PSSPs, which are electronic-based monitoring which would now govern the entire port operations in the country.

By adopting the new technology-based monitoring, the ministry had set the nation on the path of enhancing its ports capacity of ensuring free flow of import and export, reducing corruption in port procedures and adopting the global best practice, Prof. Osinbajo said. He advised all port operators to support the new system for effectiveness of ports operations, increased revenue, enhancement of diversification programme of government and curbing corruption.

The Vice President observed that using technology-driven products is the way forward in enhancing service delivery in both private and public sectors. “Everyone in the private and public sectors must invest their commitment in the successful implementation of the SOPs and PSSPs by following the procedure, not engaging in corrupt practices and putting an extra effort to ensure that the objectives are accomplished.

“We must understand and accept that nation-building is a collective responsibility and that the …Read More

Source:: PM Newspaper