Vice President Yemi Osinbajo, yesterday, attributed the current economic recession in the country to the loss of almost 60 per cent revenue due to the activities of pipelines vandals in the Niger-Delta. The Vice-President said this while fielding questions from newsmen in Abeokuta. Osinbajo, who disclosed that the nation has lost almost 40 per cent of the gas, however, expressed optimism that the country would soon overcome its challenges. He said: “One of the key reasons why we are in recession is the fact that we lost about 60% of our revenue due to the vandalization of the pipelines on the Niger/Delta and we lost almost 40% of the gas. “I have a strong belief that by the grace of God, we will be able to resolve that. Once we are able to resolve that, we would at least be able to earn more revenue. If revenue grows up, it is an added advantage.” He explained that part of government measure to revive the economy was to diversify into agriculture and solid mineral, stating that results towards that were gradually being achieved Similarly, he said government has observed that there are plenty of opportunities in manufacturing and technology, adding that the administration was also concerned with the number of young people who are unemployed . Besides, he said that in view of this, government would before the end of the month implement the 500,000 volunteer corps job opportunities, as well as implement the micro credit facilities to a minimum of a million market women and artisans.

The Vice President said “these are challenging times, it is very obvious and we know the reasons. It is high level of corruption and we have dealt with that. We are controlling government expenditure. Once you can control corruption, we are out of it. I have a strong belief that this country is one that God has a hand in its affairs. In fact , the reason why President Buhari is in office is because God has a plan and hand in this nation,that this nation will be governed properly,that stealing of resources will stop,that we focus on issue of development.” On plans to get the nation back on track, Osinbajo said: “We are focused and determined to ensure this country is put on the right track. There are lot of people who will say where is the change they promise. People will condemn and shout, but we are very focused and confident that God is on our side and this country will not be the same.” “In another couple of years,we will see the difference. All of us has role to play in the change. Nigerians must be patriotic in our dealings and daily activities. We should be committed to the nation”, the Vice President said.

Read more at: http://www.vanguardngr.com/2016/09/pipelines-vandalism-responsible-economic-recession-osinbajo/

You guys should keep on deceiving those that believe you

Olodo who is supposed to protect the pipelines?

okay

I thought they said it was GEJ and PDP that loots the country in to recession so why are they shifting pole?

Did pipeline vandalism start today?

Osunbade needs to learn to stop lying and casting doubts on his much touted PhD. Attaining that level of education presupposes substantial intelligence and knowledge in every aspect as well as added expertise in his chosen field. When such statements or pronouncements are attributed to him, it makes one wonder whether there's something about the water they drink there...

We will survive, these guys are really big time clueless

Osinbanjo is talking too much this days

Don't tell us problems we need solution

And those that have sympathy for millantats including their foot soldiers will still d ones crying hunger in the land

And those that have sympathy for millantats including their foot soldiers will still d ones crying hunger in the land

What an irony

Our amiable and capable VP, we believe u sir. And we know we will overcome the present challenges by God's grace.

May the enemies of our great nation be put to shame in the end!

Not Jonathan? I am disappointed

When will y'all take responsibility for all d wrongs happening to Nigerians? It's becoming annoying looking for whom and what to blame.

short man shut up..... u guys have failed..... take responsibility for ur negative actions n b proud.

It is only in APC that a whole Prof. is turned inside out and all he reseaeches is lies to tell his people.............worst if he's a pastor. Shame!

There we go again...blame blame blame till 2019

Fixed!

Abeg go and sit down.

Otono123:
I thought they said it was GEJ and PDP that loots the country in to recession so why are they shifting pole?

They are never tired of bringing up excuses.

okosodo:
You guys should keep on deceiving those that believe you

O yes you are right. People have the right to choose what the believe and what they want to believe. However, the question I think you you did not address, does this vandal activities form part of the reason why the economy is affected.

Tallesty1:
Not Jonathan? I am disappointed

Not out of It. Remember he is the patron of avengers.

Otono123:
I thought they said it was GEJ and PDP that loots the country in to recession so why are they shifting pole?

GEJ and PDP still responsible through arm wing, Avengers. Remember, their financial patron is member of PDP.

insecurity under GEJ.

APC: its the clueless president's fault. the Buck stops at his table.

insecurity under PMB

APC: it is the fault of the people. nothing will move forward until the people change.

Always good with playing the blame card!

Inglorious traitors in the South blaming the oil decline of the glorious South as the cause of recession






Happy Recession Descendants Of a fallen Angel

Confused government with confused supporters

Lolzz! And now the blame goes to pipeline vandalism.APC blame,blame & blaming game continues.Clueless,fraudulent & lying pastor.Recall you'll give account before God some day.