Technology Key To Nigeria’s Future – Osinbajo
Vice President Yemi Osinbajo has commended the model applied by the Odu’a Investment Company where experts and players are allowed to lead in economic and business matters, saying that “if the private sector runs businesses, it is far better because it will bring greater dividends”.
Speaking while receiving a delegation of the firm in his office at the Presidential Villa, Abuja, he lauded the legacy of the conglomerate and the vision that birthed it decades ago.
Osinbajo said, “legacy and history have a powerful pull, but it might be that what the future calls for is even greater and this is why we must be investing in technology”.
He told the delegation led by the Group Chairman of the conglomerate, Otunba Bimbo Ashiru, that they should “look at technology and see how to change and improve the (business) model,” as according to him, investment in technology is the way of the future.
The Vice President cited the example of the Nigeria Liquefied Natural Gas Company (NLNG) saying “the NLNG is making a lot of money because the private sector has a controlling share and is making money for the country”.
He advised that, “there is a need to push the model of using smart and tested people from the private sector to manage enterprises and businesses that government has an interest in”.
