Vice President Yemi Osinbajo says the Federal Government has spent N1.7 trillion in capital investment in two budget years.
Osinbajo disclosed this while addressing participants at the 9th Presidential Quarterly Business Forum held at the State House Banquet Hall on Monday in Abuja.
The vice president said that infrastructure development was crucial in economic growth and job creation.
He commended the commitment of the participants to expanding the work being done by the Industrial Training Fund(ITF) and the Nigeria Employers’ Consultative Association (NECA) on skills acquisition.
According to him, there was the need to put emphasis on skill training and placing large numbers of young people in the workplace.
He said:-
These must take into account the need to provide real value to the private sector through the ITF scheme and where necessary, develop optimal incentives to support the private sector.
“It will also be important that we commit to constituting sector skills councils and encourage the development of these councils for various sectors, especially in sectors we have identified as being of priority for job creation.
“I am convinced that we can crack the jobs problem and we are in the right direction.
“First, by Investing in infrastructure; we are investing more in infrastructure today than any previous governments in our history.
“We have spent so far in two budgets, N1.7 trillion in capital investment – that is the largest in the history of the country despite earning 60 per cent less; we are doing far more with far less resources’’.
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