Vice President Yemi
Osinbajo has blamed Nigeria’s current economic recession on the activities
of vandals and militants in the Niger Delta region.
Speaking on Monday at a meeting with the private
sector and the Economic Management Team (EMT), the professor of law said if
Nigeria did not have cases of vandalism, it would not be in a recession.
“It is important for us to understand the nature
of this recession in which we have found ourselves,” he said.
“In discussing this issue of recession there is
tendency for people to generalise; a lot depends on what sort of recession and
how we got here.
“If we did not have vandalisation 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 when the Dangote refinery comes on
stream, the problems of vandalism will be alleviated.
“We are doing a whole lot by interfacing with the
private sector because we realise their role in the economy. If the Dangote
refinery comes on stream, it will help us overcome some of those challenges,
like the sub-sea gas pipelines; it will take care of vandalisation.
”But I think the more important thing is how to
clean up the mess in the power sector, especially infrastructure. In the short
term, we will try to bring up power to an appreciable level to help the
manufacturing sector.”
-TheCable
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