FG reiterates commitment to revamping key sector of economy

on   /   in Finance 10:00 pm   /   Comments

By Emmanuel Elebeke

Federal Government says President Goodluck Jonathan is working assiduously to revamp the key sectors of the economy in strategic ways to return the country to the path of development and sustainable economic growth.

The Information Minister Mr. Labaran Maku who stated this in Yenagoa at a town hall meeting, to mark the climax of the National Good Governance Tour of Bayelsa State.

Mr. Maku said the President had through careful planning and organization development a Transformation Agenda for the country, which is anchored on good governance, human capital development and infrastructural renewal.

“There are three areas the President is focusing on. The first area is governance, because governance has always been our problem. Even this Good Governance Tour is because the President believes we must go out and engage people and see the things we are doing and discuss them properly,” the Minister said.

He said that a holistic approach had been adopted by the administration to retool the nation’s transport sector through the revival of the railways, massive road construction, development of inland waterways and remodeling and construction of new airports to provide alternative and convenient means of transportation for the citizens.

The Minister expressed confidence that when the construction of the fourth phase of Onne Port in Port Harcourt is completed, the area would be the destination of oil and gas in the Gulf of Guinea.

He told the audience that the National Good Governance Team went to monitor progress of work on the site of Yenagoa Airport, where a commitment was extracted to land the first flight by the end of 2014.

Mr. Maku said the vision of the President in the Transport Sector was to relieve the pressure on Nigerian roads in order to extend their lifespan and derive value from the resources sunk in road construction in the country.

He saluted the President’s courage towards reforming the nation’s electoral process to ensure the conduct of clean and credible elections where all votes must count. “If you look at the elections in this country today, our elections are different from the ones that took place before President Jonathan came to power. That is the truth, whether we like it or not that is the reality,” he added.

Mr. Maku said the President believes in the inclusion of all segments of the society in governance – a situation he said, gave rise to the involvement of women in managing the key sectors of the economy.

According to him, the Local Content Act, which came into effect, has provided the opportunity for more Nigerians to actively participate in the oil and gas sector, and that if the Petroleum Industry Bill currently before the National Assembly is passed, it will mark a complete revolution in the nation’s oil and gas industry.

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