Buhari Committed to Promotion of Local Production-Osinbajo

By Ikenga Chronicles October 26, 2016

Buhari Committed to Promotion of Local Production-Osinbajo

Vice President Yemi Osinbajo has disclosed that in the next few years, the President Muhammadu Buhari administration would continue to actively pursue a plan for the massive manufacturing and production of goods in the country as much as possible.

According to the statement issued by his Senior Special Assistant Media & Publicity, Laolu Akande, the VP maintained that the Federal Government will ally with business interests who can facilitate the plan.

Osinbajo spoke at the meeting in the Presidential Villa with a delegation from the Innoson Group and some Chinese business interests including Shangdong Broadcasting Group led by Chief Innocent Chukwuma, Chairman and Chief Executive Officer of Innoson Group.

He explained that it is because of the administration’s commitment to spur manufacturing and local production in the country that the initiative of Innoson Group to work with Chinese partners is being addressed as a “strategic collaboration.”

‘’Innoson Group is collaborating with three Chinese firms: Shangdong Broadcasting Group, and Shangdong Cable Interactive Services regarded as leading biggest TV operators, and Inspur Group, said to be China’s foremost leader in Cloud Computing solution suppliers and IT service provider,’’ the Vice President said.

The initiative, the VP added “is bound to yield very good fruits and do very well,” adding also that the timing is right “as we are at a point that we must engage technological solutions in our development plans.”

Osinbajo then explained the importance of competition and competitive pricing in such an effort. “In all we try to do, we believe there must be competition, competitive prices and plans,” the Vice President noted, believing that the Chinese firms must have taken that into consideration as well.

The Vice President stated: “we are looking forward to working with you in the next few months to realize the plans that you have laid out.”

The Deputy Minister of the Communist Party in Shandong Province and Chairman of the Shandong Broadcasting Group, Mr. Liu Baoju, and Mr. Huang Gang, Senior Vice President of Inspur Group were among dignitaries in the business delegation at the meeting.

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