It was gathered that the Budget and National Planning
Minister, Udoma Udoma, was also at the meeting.
Speaking on the need for political leaders to use their
positions and the leadership opportunity to effect changes
that would benefit the citizenry, Osinbajo said leadership was
a call to service.
According to him, “How many people will get this kind of
opportunity we have to lead? The opportunity to serve is one
that must be taken seriously and used for the common good.”
Addressing the bane of corruption, and its attendant
abnormality in matters of development, Osinbajo said: “It is
in our interest to deal with corruption, this is not moralising,
it is an existential threat, it a survival issue.’’
He added: “We need to address the fundamentals of that
abnormality. If we do not address it, no matter what we say,
things won’t work.
“I think it is very important, especially for us who are in
government today either as legislature or executive. We have
to address this issue, it is a fundamental issue; everywhere
in the world, even where they do not have the problems we
have, they are addressing the issue.
“So we must address it and, it is everywhere; look at foreign
exchange and you can identify the problems, you fix the rate
of foreign exchange at the rate it is and you know what the
black market is, look at the arbitrage which is so large; there
is bound to be corruption, it is impossible for there not to be
But he offered hope that the monetary and fiscal policies are
being aligned, adding also that “we are constantly in
discussion with the CBN, discussing on how to reduce interest
In response to issues of revenue allocation raised by the
visiting legislators, Osinbajo noted that emphasis must shift
from ‘sharing’ to generating more revenue internally,
including in the states.