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Thursday, 29 October 2015

Buhari won’t appoint coordinating minister for economy – VP Osinbajo

Buhari won’t appoint coordinating minister for economy – Osinbajo Vice President Yemi Osinbajo on Wednesday said President Muhammadu Buhari would not name any minister as the coordinating minister for the economy. Ex-President Goodluck Jonathan during his tenure appointed his finance minister, Dr. Ngozi Okonjo-Iweala, to double as the coordinating minister for the economy. The Senior Special Assistant to the Vice President on Media and Publicity, Mr. Laolu Akande, in a statement on Wednesday, quoted Osinbajo as speaking while receiving the Australian High Commissioner to Nigeria, Mr. Jonathan Richardson, at the Presidential Villa, Abuja. “We are not going to have a system like when there was a coordinating minister. No, there would not be anything like that. “My role is to ensure that for everyone that is involved in economic activities, that there is a way by which the President is fully apprised of what everyone is doing such that we are all on the same page and to make it easier for the President to make decisions,” Osinbajo told his guest. He also expressed the Federal Government’s willingness to deepen the existing bilateral relations, especially in the area of economic cooperation with Australia in mining, agriculture, shipping and transport sectors as well as in the area of infrastructural development. He said the government would be interested in exploring deeper relationship on economic cooperation and diversification of the nation’s economy. He lauded Nigeria’s bilateral relations with Australia and commended the Australian government for the various capacity-building initiatives in Nigeria and its investments in some key sectors of the economy. The High Commissioner said his country had been seeking to enhance relationship with Nigeria in the area of commercial development and was ready to offer technical assistance in some sectors. Meanwhile, Osinbajo had said that the Tuesday public opening of technical and commercial bids for the purchase and sale of Nigeria’s crude oil was in keeping with Buhari’s pledge to run an open and transparent government. He promised that the present administration would continue the tradition. “As you know, our most important revenue earner is crude oil and whatever is associated with it, ought to be transparently handled and that is why you have seen that the crude oil round of bids and the term bids were done in the open and that is a tradition that we intend to continue,” he said. Source - PunchNG

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