Vice President Yemi Osinbajo states Nigeria is diversifying from the oil sector so regarding improve quick financial development through jobs.

The VP spoke on Friday at the commissioning of the Kimberly-Clark Huggies Diaper Manufacturing Plant in Ikorodu, Lagos.

Noting that 7 million babies are born every year in Nigeria, Osinbajo expressed excitement that the factory signaled the beginning of greater investments.

“Every brand-new manufacturing plant is an important action towards our belief that it is private financial investments, both foreign and regional, that should be the path to fast economic growth, with tasks and success”, he stated.

On FG’s National Development Plan 2021-2025 sector cooperation), Osinbajo worried that the success of the plan depends significantly on a conscious dependence on private business and effort.

An investment of N348trillion will be needed over the 4-year duration of the Plan, with government at all levels expected to offer about N49.7 trillion, while the economic sector is expected to invest N298trillion, he announced.

Osinbajo highlighted the 7th 60-day National Action Plan (NAP 7.0) on Ease of Doing Business by the Presidential Enabling Business Environment Council (PEBEC).

“The Plan intends to deepen the reforms delivered over the past 5 years, with a concentrate on agro-exports, process automation, improvement in regulative practices, judicial reforms and Executive Order 01/ReportGov. NG compliance”, the VP added.

He further revealed that the Buhari administration has highlighted key action items in all of the focus locations to guarantee sustainability.