Vice President Yemi Osinbajo has said the current government is focussed on helping to uplift the poor in the society through its Social Investment Programmes.
Osinbajo said this on Thursday in Lagos at the 90th birthday of Olu Akinkugbe and the 5th anniversary of the Olu Akinkugbe Business Law in Africa Fellowship conference, at Lagos Business School.
According to him, “A lot of our ideas in our social investment policies, are micro-credit loans to market women and petty traders and all of that are borrowed heavily from the Indian model.
“A lot of the programmes that we are working on today; the Conditional Cash Transfers that we give to the poorest in society are based on many of these models.
“But these models are the products of a legal framework, they’re a product of a way of thinking about dissolving the problems of the poor.”
He added that “we if we do not dissolve the problem of the poor, no matter how fancy our economic models or policies are, the vast majority of our people will be poor, consumer spending will be low, and generally speaking our economies cannot be where they ought to be, because the vast majority are so far behind.”