December 02, 2016

VP Osinbajo: Buhari Presidency keen on supporting game-changing private sector projects

*Osinbajo in Sagamu, on second visit to industrial hubs in a week
In a consistent demonstration of the administration's determination to press the diversification agenda and promote private sector partnership with the Federal Government, Vice President Yemi Osinbajo, SAN, continued his tour of industries in the country yesterday, visiting two Agric-based factories in Sagamu.

Only last week Thursday, the Vice President visited about six industrial firms in Anambra State delivering messages of encouragement and partnership by the Federal Government.

According to Prof. Osinbajo, while speaking at a tour of a N64B food processing industrial complex earlier today, the Federal Government is looking at some game-changing projects "such as we have here" that requires serious investment and significant investment.

He stated that the Buhari administration would support such game-changing projects such as the multi-billion Naira food processing industrial complex underway in Sagamu by the Honeywell group and the Shea-Butter Factory owned by the Lad Group in the same town.

The Vice President who took along other top government officials including top officials from the Ministry of Industry Trade & Investment, Bank of Industry, and the NEXIM Bank.

"At the moment there is a shortage of animal feed everywhere, especially because of the shortage of maize. So the feed mill is going to be absolutely important in achieving some of our objectives. The sorghum mill is really a big attraction, so we think that what you are doing is really spot on, it’s really the right way to go and we certainly are committed to supporting the Honeywell Group in ensuring that this happens and we 'll do all that is required to make sure that this projects succeeds.

"We think that there are very very important synergies with other areas of the economy as well and we naturally expect that lots of jobs will come from this, as that is important to us here will be plenty of industrial opportunities, quality jobs that will mean more taxes as well.

"I want to say how excited I am to be here and to see the really interesting things that are going on here and also to assure you all the support of the Federal Government. We certainly will be looking at all of the various ways that we can assist with ensuring that this project comes to conclusion in very reasonable time, and that we are able to take advantage of the benefits as quickly as possible."