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Make Private Sector Engine of Economic Development, Obasanjo Tells Govts

Former President of Nigeria, Chief Olusegun Obasanjo has advised the government at all levels to see the private sector as the engine of economic development.

Obasanjo who spoke at the weekend in Oleh, the headquarters of Isoko South Local Government Area of Delta State, while inaugurating a new hotel facility, Dantinajo Gold Resort, said the industrial mind-set of the owners of the hotel was an example of mobilising resources for national development.

The former President also urged government to provide the right kind of environment for operators of the private sector to bring the right kind of investment to the country.

Obasanjo, who earlier delivered this year’s Synod of the Church of Nigeria (Anglican Communion) in Oleh, hailed the owner of the hotel, Daniel Omoyibo, for mustering the will and resources to put up the investment.

He said: “Coming here, when you talk of mobilising human and material resources for development, this is a practical example of what we talked about in the church. In the church, we talked about it in theory and spiritually. Now, we have come here and we are seeing it in practical terms.

“The point is this: the private sector must been seen as the engine of development. In my address in the church, I made the point that the job of the public sector is to provide the atmosphere conducive for the private sector to thrive, and of course, to regulate because knowing human beings as they are.”

Addressing reporters at the inauguration ceremony, Dantinajo Gold Resort’s Chief Executive Officer Daniel Omoyibo said his vision for establishing the hotels is to reduce unemployment.

The businessman advised other well-to-do Nigerians to tow his path.

“I give thanks to God… My main reason for putting up this edifice is to make sure I bring unemployed youths out there and empower them, reduce unemployment in Nigeria, Delta, Isoko and Oleh.

“I am praying and hoping that other people of means and those who have the resources will also come out to do more of things like this: factories and industries. It doesn’t need to be a hotel. They should just come out to build and empower Nigerian youths.

“The hotel has 85 rooms: 53 standard rooms, 12 suits and 20 apartments. Some of the facilities here are a swimming pool, a gym, a conference hall, a restaurant and a bar. This Dantinajo Gold Resort is the best hotel in Niger Delta,” he said.

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