Lack of functional infrastructure hurting our economy – Osinbajo

Vice President Yemi Osinbajo yesterday said lack of functional infrastructure had  slowed down the country’s economy over the years.

Osinbajo said this at the 42nd Annual Conference of Association for Consulting Engineering in Nigeria in Abuja.

According to him, adequacy of infrastructure determines a country’s success or failure in diversifying production, coping with population growth, poverty alleviation and environmental conditions.

“This is because a meaningful infrastructural development is no doubt the path to the enhancement of the standard of living of the people, and to achieve it, we must adopt engineering as the bedrock,” Osinbajo, represented by the Minister of Water Resources, Suleiman Adamu, said.

He said the government had commenced extensive investment in the road sector, power, water resources, aviation, agriculture, oil and gas.

He pledged government’s commitment to promoting local content in contracts as well as in science, engineering and technology.

He therefore urged engineers to key into competitiveness in the country.