Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,423,516 members, 5,437,975 topics. Date: Sunday, 23 February 2020 at 06:25 PM

Osinbajo Says Nigeria’s Problem Isn’t Restructuring - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Osinbajo Says Nigeria’s Problem Isn’t Restructuring (15312 Views)

Goodluck Jonathan Attacks Osinbajo, Says He Has 'Leprous Fingers' / Nigerian Prisons Convert Humans To Animals - VP Osinbajo Says / Dr. Ismaila Farouk Blasts Osinbajo; Says He’s No Saint (2) (3) (4)

(1) (2) (3) (4) (5) (Reply) (Go Down)

Osinbajo Says Nigeria’s Problem Isn’t Restructuring by ledamaster(m): 1:05am On Dec 19, 2019
The Vice President, Yemi Osinbajo, has said that simple geographical restructuring is not the problem with Nigeria.

He said that prudent management of national resources and providing for the people properly were better ideas for Nigeria’s development challenges.
Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, communicated Mr Osinbajo’s view in a statement in Abuja on Monday.


The vice president was fielding questions from a cross-section of Nigerians at a town hall meeting in Minnesota, U.S., on Sunday.

Mr Osinbajo spoke on a wide range of issues covering the economy, anti-corruption, health, agriculture among others.

According to the vice president, the problem with Nigeria is not a matter of restructuring.

He said that Nigerians must not allow themselves to be drawn into the argument that Nigeria’s problems stemmed from some geographical restructuring.
“It is about managing resources properly and providing for the people properly, that is what it is all about.

“I served for eight years as Attorney General in Lagos State and one of the chief issues that we fought for in Lagos State was what you call fiscal federalism.
“We felt that there was a need for the states to be stronger, for states to more or less determine their fortunes.

“For example, we went to court to contest the idea that every state should control, to a certain extent, its own resources; we were in court at that time up to the Supreme Court and the court ruled that oil-producing states should continue to get 13 per cent derivation.


“While we were at the Supreme Court only the oil-producing states and Lagos were interested in resource control, everybody else was not interested in resource control for obvious reasons.

“Now, that is the way the argument has always gone, those who have the resources want to take all of it, while those who do not have want to share from others.”
He said that Nigeria must create the environment that allowed for people to realise themselves economically because that truly was what the challenge was with Nigeria.

Mr Osinbajo said that unless Nigerians were able to deal with the fundamental questions around corruption, their economic circumstance would keep going one step forward, two steps backwards.

“All that we have been able to deal with is grand corruption. When we started the TSA, the whole point was to aggregate all of the funds of government that were in private banks.

“So, we put all of the money in the central bank so that we could at least see the movement of money and by doing so, we were able to save 50 per cent of the corruption that was going on then.”

Relying on OPEC statistics on oil revenues accruable to Nigeria under successive administrations between 1990 and 2014, the vice president said not much was done in infrastructure development in spite of the huge oil revenues earned.
He said that under the Babangida/ Abacha administrations (1990 – 1998) Nigeria realised 199.8 billion dollars.

Under the Obasanjo / Yar’Adua governments (1999 – 2009), the country got 401.1 billion dollars; and during the Jonathan administration (2010 – 2014), Nigeria got 381.9 billion dollars from oil, Osinbajo said.

“The question that we must all ask is that what exactly happened to resources? The question that I asked is that where is the infrastructure?

“One of the critical things that we must bear in mind and see is that this government despite earning 94 billion dollars, up until 2017, we are spending more on infrastructure and capital than any previous government, so we are spending N1.5 trillion on capital, that is the highest we have spent since 1990.”


In the area of agriculture, Mr Osinbajo said that the target was to attain self-sufficiency in the production of rice, tomato, among others.

According to him, the government is doing a lot of work in agriculture as it has increased local production such that Nigeria is no longer spending five million dollars daily on rice import.

“Today, we are doing 11 million metric tonnes of paddy rice and are now importing only 2 per cent of what we used to import,” he said
https://www.premiumtimesng.com/news/headlines/281579-nigerias-problem-isnt-restructuring-osinbajo.html

6 Likes

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by Freestainworld(m): 1:08am On Dec 19, 2019
prophet of the doom talking

98 Likes 2 Shares

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by waleadex(m): 1:10am On Dec 19, 2019
In all, let us just be hopeful a better Nigeria is near.

6 Likes

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by JonDon12: 1:16am On Dec 19, 2019
Then after 5 years in power why havent you solved the problem. Why is Nigeria moving backward, not forward?

187 Likes 13 Shares

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by hisgrace090: 1:32am On Dec 19, 2019
Restructuring is the only way out for now Mr VP let's accept the truth.


Our amiable VP should be mindful of actions he will regrate when the tenure comes to an end.

104 Likes 3 Shares

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by Bluntguy: 1:45am On Dec 19, 2019
Still boot-licking the retired major general.

86 Likes 3 Shares

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by Slynation(m): 1:58am On Dec 19, 2019
Then restructure Nigeria first... Let us start from there
Nonsense.....!!

32 Likes 1 Share

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by Xisnin(m): 2:01am On Dec 19, 2019
Not true.

4 Likes

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by Josh44s(m): 2:46am On Dec 19, 2019
This asslicker is just saying this to save his asss as VP. Modafucking modacucka. angry

91 Likes 1 Share

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by helinues: 4:10am On Dec 19, 2019
Is this a recycling news... Read exact same lines years ago..

7 Likes

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by EricBloodAxe: 4:14am On Dec 19, 2019
And the puppet, clownish VP never fails to disappoint. Delivering useless speeches whenever his masters deem fit to press his mumu button. Pathetic

20 Likes

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by u11ae1013: 6:01am On Dec 19, 2019
Yes Abba kyari ask you to say this.

were we not were we wear were we were where were where . Mtchew

17 Likes

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by majamajic(m): 6:03am On Dec 19, 2019
this man is a gentleman ,


after everything, he keep working hard




Osibanjo is just like a sheep in the mist of wolf's , lion and tigers

5 Likes 1 Share

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by sonnie10: 6:03am On Dec 19, 2019
In my opinion, Nigeria’s number one problem is electricity.
Think of how many small businesses that have been put out due to high cost of running generator.
There are also countless other small businesses that one cannot do because of inadequate power supply.

12 Likes 1 Share

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by ebuk4real(m): 6:03am On Dec 19, 2019
grin

Even Osibanjo has join them in lying too?

Power, when you don't know how to use it well, makes one foolish.

Now I know Osibanjo has gone foolish.

If not, why does he always blame the PDP for everything? How much did they [the PDP] borrow in their 16years and how much did APC borrow in 5years now & compare the two? And what infrastructure have they achieved with it?


Foolish lots..

10 Likes

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by YoungLionken(m): 6:03am On Dec 19, 2019
What is it then?

Nobody to blame any longer...

1 Like

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by Humphrizy(m): 6:04am On Dec 19, 2019
Make I no talk wetin dey my mind first undecided

He is saying this because him and his oga Don already draft out Billions of Naira wey dem go dey use chop life unto 2020 matter.

The main problem we have in this country is the people that some of us voted into power.....once they are in there... Even if the masses dey suffer...E no concern them sad

3 Likes

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by skkslar: 6:04am On Dec 19, 2019
We already know

1 Like

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by solmus: 6:04am On Dec 19, 2019
grin



yes oo prudent management

Buhari and AsoRock just voted $27million USD or N9 billion for travels and upkeep, while National Assembly voted N37 billion or 100million USD for renovation of the shitty complex even when a 30 storey towers in dubai cost less than $50 million USD,

..

11 Likes

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by frubben(m): 6:05am On Dec 19, 2019
F**k off !!!!!

4 Likes

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by DRSEGUNBABA: 6:05am On Dec 19, 2019
What do you guys expect him to say, his getting paid to talk nonsense. I knew buhari was useless from day one but I had high hopes for this idiot when he became VP but now I know no matter how smart you are once u start defending stupidity and incompetence you start looking stupid.

17 Likes 2 Shares

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by Guyman02: 6:05am On Dec 19, 2019
If Buhari thinks that you are disloyal he would ask the rubber stamp Senate to impeach you and appoint a Fulani to replace you, something that Obasanjo tried to do to Atiku but failed, in your case it would be a walkover.

Osinbajo words no longer carry weight, that's the reality of the day.
He should continue sharing trader money in Ogbomosho market and stop talking politics because no one will listen to a feather weight.

7 Likes

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by nurex01(m): 6:06am On Dec 19, 2019
We're The problem of ourselves.
Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by EmekaBlue(m): 6:06am On Dec 19, 2019
SHUT UP

4 Likes

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by damijoe77: 6:06am On Dec 19, 2019
Oshi bamijo...no excuse for failure.

2 Likes 1 Share

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by tete7000(m): 6:07am On Dec 19, 2019
Under Buhari, how much has Nigeria earned? You cannot give information relating to others without giving your own. That is what allows for comparison. These people and propaganda are like 5 and 6...

3 Likes

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by mzBEAM(f): 6:07am On Dec 19, 2019
Mumu man

2 Likes

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by Oceannaagent: 6:08am On Dec 19, 2019
We have heard that line many times

2 Likes

Re: Osinbajo Says Nigeria’s Problem Isn’t Restructuring by Chicastle: 6:08am On Dec 19, 2019
JonDon12:
Then after 5 years in power why havent you solved the problem. Why is Nigeria moving backward, not forward?

How old are you there?

(1) (2) (3) (4) (5) (Reply)

The Most Beautiful City In South East "OWERRI" / Kaduna Refinery To End Fuel Scarcity In The North In 2 Weeks- NNPC / Edo 2016: Ize-iyamu, PDP Leaders Wasting Their Time – Airhiavbere

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2020 Oluwaseun Osewa. All rights reserved. See How To Advertise. 94
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.