Vice-President Yemi Osinbajo, on Thursday,
dismissed insinuations by a former President of
Nigerian Bar Association, NBA, Olisa Agbakoba
that Nigeria’s current economic recession will
last until 2020.

Agbakoba, a Senior Advocate of Nigeria,SAN, had
on Tuesday, expressed displeasure with the
current state of Nigeria’s economy, saying
recession may continue until 2020, if President
Muhammadu Buhari failed to review some of his
policies.

But the Vice President while addressing reporters
in Ede, Osun State, stated that the recession will
not last long because the administration was
putting in place measures that will resuscitate
the economy.
Osinbajo, however, attributed the recession to
the destruction of oil pipelines in the Niger Delta
region.

According to Osinbajo, the destruction had
resulted in the reduction of crude oil being sold
by the country.

He said, “As far as we are concerned and so far
as all of us who are working seriously hard are
concerned, the recession must be short-lived.

“The reason is that as of February last year, we
were generating 5,000 megawatts of power and
that was the highest ever in the history of this
country and that same month the vandalism of
the pipelines started. So, we lost 60 per cent of
gas and 60 per cent of revenue.

“There is nowhere in the world, there is no
economy in the world that can lose 60 per cent
of its revenue and will not go into some sort of
recession which is actually what has happened
to us in this country.

“Once we are able to resolve these issues
concerning pipeline vandalism and the
diversification of the economy we are working
towards, things will change for the better.

“We are working towards regaining our products
locally. We are investing more in refineries and
private investors are coming into refineries as
well. If we are able to do this, 70 per cent of
what we import will not be imported again,
hence our foreign reserves will be maintained
and if it is maintained, our currency will improve.
“I don’t think that life will be bleak because what
our country is known for is resilience and people
that are extremely hardworking, optimistic and
hopeful.

“We have all it takes to be a great country. I am
quite convinced that the problems we are seeing
today will quickly disappear as long as we
understand why we are where we are today.”

Source: http://dailypost.ng/2016/09/09/nigerias-economic-recession-will-not-last-till-2020-osinbajo/

we don't want change again. Please handover now!!

Good. God bless our VP

Meaning it can last as long as 2019. U need a knock on the head while Buhari deserves lashes of cane, say 50, for resetting and formatting.

It had better not last till next year sef

And this is supposed to be Goodnews?
I know this government purposely put us in a recession so that a year before the election they will rectify the economy and act like they did us a favour.

I Hate this Government.

Hmmmm.....It is well.

No rational person expects you to agree with Agbakoba.

You are protecting your interest.

I pray it improves too.

“We have all it takes to be a great country. I am quite convinced that the problems we are seeing today will quickly disappear as long as [s]we
understand why we are where we are today.[/s] the dead-brain Dularpoo allow the experts to do their jobs without interference”

Shiitposter:
And this is supposed to be Goodnews?
I know this government purposely put us in a recession so that a year before the election they will rectify the economy and act like they did us a favour.

I Hate this Government.

This is another hypothesis...

nototribalist:
we don't want change again. Please handover now!!

To El Corrupto?

Zombies will soon come here defending dey Master of the Hunger Games Zoohari.

Nobody in that administration has the experience and knowledge to fix this economy. They are all blood sucking leeches. We need a party of youth for the youth by the youth.

Two "economic" lawyers

Useless government

it better not last beyond this year, but if it mistakenly gets to 2018 then you cab as well kick your sorry ass good by from aso Rock.

this is the govt of the people, always getting things right

Bitterleafsoup:
Zombies will soon come here defending dey Master of the Hunger Games Zoohari.

Nobody in that administration has the experience and knowledge to fix this economy. They are all blood sucking leeches. We need a party of youth for the youth by the youth.

Doghari will rule beyond 2019 simply because we have too many numbskull bigots ready to die for him..

Doghari is a clueless buffoon - mynd44, 2016...

anibi9674:
it better not last beyond this year, but if it mistakenly gets to 2018 then you cab as well kick your sorry ass good by from aso Rock.

You think you can vote such a power drunk demon called Buhari out of office? Think again..

Nsonso:
Meaning it can last as long as 2019. U need a knock on the head while Buhari deserves lashes of cane, say 50, for resetting and formatting.

Please ensure you lace that cane with enough Cameroon pepper to spice up the punishment...