The DAVOS 2016 is ongoing and Over 40 heads of state and government, as well as 2,500 leaders from business and society will convene at the 46th World Economic Forum Annual Meeting, from 20 to 23 January in Davos-Klosters,Switzerland, under the theme, Mastering the Fourth Industrial Revolution. Critical current challenges, such as security, climate change and “new normal” global growth and commodity prices, are among the issues on the agenda.
There was an African next challenge today, and among those in attendance included the Vice President of Nigeria, Prof. Yemi Osinbajo, and Former Minister of Agriculture, Akinwunmi Adesina.
Here are some of the best quotes from Osinbajo;
On $30 Oil Price:
“Oil price is dropping, there must be adequate government expenditure monitoring, and governance”.
“Transparency and good governance is key to get Nigeria through the below $30 oil market”.
On the Industrial Revolution:
“Africa embracing the 4th industrial revolution is a potential game changer for the continent”.
“The 4th industrial revolution excites Nigeria because it is the only way to reach the vast number of Nigerians”
“Digitalization of Nigerian government saves cost and allows for better decision making”.
“Think about what potential is available to governments through the mass mobile market”.
On Boko Haram:
“Boko Haram has been denigrated militarily by the Nigerian Army, who are now tackling suicide bombings. Boko Haram are no longer seen as a threat”.
“VP Osinbajo Nigeria is dealing with the corruption threat. Using transparency and good governance to tackle it”
On the Budget Financing:
“Nigeria’s budget deficit of $4 billion needs to be financed and cheap oil is not helping”.