Sen Osita Harps On Private-public Partnerships For Business Growth

Chairman of the Senate Committee on Capital Market, Senator Osita Izunaso has called for synergy between the private and public sectors for businesses to thrive.

Osita, who stated this in Abuja, at the inauguration of the board of directors and the presentation of Hendia smart city business opportunities, said the era of importing goods into Nigeria will soon be over.

He re-emphasised the importance of making Nigeria the destination hub in Africa, leveraging the country’s vast population.

“I am happy to see that you have developed a lot of products and the good thing about those products is that they are indigenous they are our own products, proudly Nigerian products and that is exactly how it should be the era of importing virtually everything is gone, this is the era of manufacturing things in our fatherland.

“There must be a synergy within the private sector and the public sector.  As a matter of fact, what the public sector can do is to provide an enabling environment for the private sector to thrive so you are doing just that in the private sector,” he said.

In his remarks, the chairman of Hendai Investment Limited, Prince Owoediinyene Essien, noted that massive production plants will be built in the Smart City in Nigeria and across major countries in Africa for local consumption and extensive exportation.

He said the company is a multi-billion dollars modern city development project promoted by the Chinese investors to address industrialization challenges.

“For several decades, Africa has been suffocating under the grip of poverty and underdevelopment; this is a direct consequence of poor economic development and overdependence on importation which impoverishes the continent while creating wealth for the developed countries. 

“Hendai Smart City presents a veritable solution by offering an industrialization program to partner with various African governments and relevant stakeholders to create massive employment opportunities for the teeming youth population,” he said.