#NES24: Improved Education Is Crucial If We Must End Poverty - VP Yemi Osinbajo


Monday, October 22, 2018 2.00PM / Ottoabasi Abasiekong, Proshare WebTV


The Vice-President of the Federal Republic of Nigeria Professor Yemi Osinbajo, SAN today asserted that an improved education system was crucial to addressing poverty in Nigeria. 

He made this remark as the Special guest of honour at the 24th edition of the Nigeria economic summit in Abuja, the largest gathering of public and private sector players in the nation. 

Professor Osinbajo who formally opened the conference  shared that by educating women and girls, population growth can be reduced before 2030. 

Osinbajo  was of the view that increased school enrolment, quality education, adult education and getting the 9 million out-of-school children back to school was crucial to growing Nigeria’s knowledge economy. 

He also made a strong case for the empowerment of the entrepreneurs, particularly those at the bottom of the pyramid like the ponmo sellers. 

Participating in the first plenary session at the summit, which discussed “Corruption and the Rule of Law” with Professor Ngaire Woods of the Blatavnik School of Governance, University of Oxford as the moderator, Osinbajo said “long years of impunity, years of no consequence, as  well as not wanting to confront corruption are the biggest challenge in the fight against corruption”. 

The Vice-President enjoined Nigerians to support anti-corruption practices through reformed procurement and administrative processes and whistle blowing". 

Looking at the state of the  nation, he informed stakeholders that “Corruption; Lack of Commitment & Poor Investment constituted part of  Nigeria's biggest economic problems". 

The Senior Advocate of Nigeria was optimistic that change can be achieved by a small number of resolute and determined Nigerians, willing to fight corruption. 

Giving the opening address the Minister of Budget and National Planning Senator Udoma Udo Udoma described the Economic Recovery and Growth Plan, as a robust document that is focused on achieving positive, inclusive and sustainable economic growth for Nigerians. 

Keynote speaker at the event Professor Peter Lewis of the John Hopkins University described the summit as a platform for dialogue and high-level strategy creation. 

Speaking on the theme “Poverty to Prosperity: Making Governments and Institutions Work” Professor Lewis identified political guidance as an important element in managing economic change. 

The scholar opined that in cases of successful economic transition, development-oriented leadership drives change, either in form of a strong executive or a transformational leader. 

In his welcome address the Acting Chairman of the NESG, Mr Asue Ighodalo harped on the need for Nigeria to give priority to the execution of economic plans, to achieve economic growth.


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