Vice-President Yemi Osinbajo has attributed the current economic recession to the activities of militants in the Niger Delta.
Osinbajo said there was no way Nigeria would not be affected, given
the fact that the nation now loses over one million barrels of crude oil
on a daily basis.
The Vice-President said this on Monday at the maiden meeting of the
Presidential Quarterly Business Forum, with members of the organised
private sector and other stakeholders at the State House Conference
Centre, Aso Villa, Abuja. The meeting is part of the Federal Government’s effort to continually
engage regularly with different segments of the Nigerian public on its
economic policies and direction.
Osinbajo said, “Perhaps it is important for us to understand the
nature of this recession in which we have found ourselves. A lot depends
on what sort of recession and how we got here.“If we did not have vandalism in the Niger Delta as we are currently suffering, we will not have this recession today. “Moreover, in looking at the solutions, we should try to focus on the
type of problem we have and what instigated it; then we can begin to
come up with better solutions.”
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