Hold Militancy Responsible for Recession – VP

Spate of pipeline vandalism and unwholesome activities of militants in the oil rich Niger Delta region of the country are reasons for the current economic recession facing the country.
This was the take of the Vice President, Prof. Yemi Osinbajo, 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.
He posited: “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.”
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 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.

Author: News Editor

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