Osinbajo assures on ease of doing business in Nigeria


Once again, the Federal Government has defended the decision not to release the names of the suspected treasury looters, saying releasing the names of persons from whom government has recovered looted funds and assets may jeopardise ongoing investigation.

Vice President, Yemi Osinbajo who repeated the government’s position at the Presidential Villa during a meeting with a delegation of the European Union (EU) led by the EU Ambassador in Nigeria, Mr. Michel Arrion, also explained that the government was engaging leaders and people of the Niger Delta regarding the spate of attacks on oil installations in the area, an act he stated, amounts to economic sabotage.

The government had on Saturday, released a list of sums of monies in various denominations and assets already recovered in the last one year, but the identities of individuals involved were, however, not disclosed.
Osinbajo said: “We have released the list of recovered loot, we know people are asking for the names, but releasing the names may jeopardize ongoing investigations.”

According to him, the focus of the Buhari presidency “is to ensure that the man on the street in the Niger Delta receives the benefit from all that is available there,” while calling on the leaders in the region to be accountable to the people.

On economic issues, the Vice President restated government’s commitment to drive its diversification policy and encouraged investors from European countries to take advantage of the situation especially in the agro-allied industry.

He restated the determination of the administration to ensure that the ease of doing business in Nigeria goes up by at least 20 steps in the World Bank rating.

To this end, he said the President has approved the composition of a Presidential Commission on the matter under his chairmanship with the Industry, Trade and Investment Minister, Dr. Okey Enelamah as Vice Chairman, saying: “In the next few months, we should be seeing some changes.”

Earlier, Ambassador Arrion said he came to hold consultations with the Vice President as a follow-up on President Buhari’s meeting with EU leaders during his visit to the continent.


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