Wisdom of Life

AMUWO ODOFIN LOCAL GOVERNMENT HOLDS MINI-ECONOMIC SUMMIT

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PPP IS THE WAY FORWARD…LOCAL GOVERNMENT BOSS

Engr. Valentine Buraimoh, the Executive Chairman of Amuwo Odofin LGA  on Thursday said that there was need to explore alternative financing strategies such as Public Private Partnership (PPP) to fast track economic growth and development in the local government.
He said that PPP had gained wide acceptance as a sustainable strategy for financing and delivery of public infrastructure globally.

According to him, in adopting such strategy, government is not abdicating its responsibilities but essentially releasing scarce resources for other equally important projects, thus creating a win-win situation for the government and the private enterprise.

He made this remarks at the occasion of the brainstorming with the Captains of Industries as part of activities marking his administration’s 100 days in office celebration, held at the prestigious Golden Tulip Hotel, Festac Town, Lagos.

The Council helmsman posited that ” the private sector is the great driver of any country’s economy and the main objective of today’s meeting is to exchange ideas with a view to continuing fostering reforms to improve climate and business environment.

”The reality of this fact is becoming clearer as a result of reduction in government revenue occasioned by dwindling oil prices and increasing needs of the people.

”Public Private Partnership has been identified and adopted as a viable strategy that can ensure the desired growth in physical and social infrastructure, as well as make significant impact on the nation’s economy.

He further appeal to the private sector to join hands with his administration towards meaningful development for the governed.

In his words, ” as leaders and captains in the private sector you can make a real difference and support this administration in its quest to redefine governance and actualize its set goals and objectives. You can contribute your own quota by partnering with the local government for development.”

Engr. Buraimoh   said his administration would continue to explore the PPP model, especially in areas such as good road network, health care delivery, conducive environment for learning,  infrastructure  and environment, for the benefit of the masses.

The Council Chief promised to provide an enabling environment for the private sector and enjoined them to come up with ideas that will bring more development to the community.

Engr. Buraimoh further noted that his administration would implement the Sustainable Development Goals of the United Nations as a major indices by which the government would run its affairs.

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