Vice President Yemi Osinbajo has said that the Muhammadu Buhari saw the negative effects of Coronavirus coming and worked on a few things as game-changers in the nation’s economy.
Professor Osinbajo, who spoke today, November 24 at a webinar with some French business leaders under the auspices of the Franco-Nigeria Chamber of Commerce and Industry, said that part of what the Buhari administration had done in its response to Coronavirus pandemic was to build a business environment that will be supportive of domestic and foreign investors.
“It is important to recognize that the pandemic, which really is the cause of the downturn, not just in the Nigerian economy, but practically all of our economies, all over the world, except perhaps China, also provides incredible opportunities for doing all manner of very innovative, and creative things.
“And I think that we are in a season where we are ready to experiment and ready to do a lot more. And if you look at our Economic Sustainability Plan, which is our response to the pandemic, what we tried to do was to do a few things that we thought would be game changing.
“For example, one of the important things that we are trying to do with respect to renewable energy is with solar power. We are collaborating with several solar power companies to provide, within the next 12 months, 5 million Nigerian households with solar home systems.
“This is partly to address the issues with the national grid by providing more off-grid capacity and provide more opportunities in the renewable energy space. What we are doing is to get the financing through the Central Bank of Nigeria as part of the Economic Sustainability Plan.”