Nigeria’s Vice President, Prof. Yemi Osinbajo, is optimistic that the economic recession the country is battling with would be short-lived once the federal government is able to resolve the issues concerning the pipeline vandalism and focus on sustainable diversification policy.
The Vice President gave this assurance while speaking to newsmen at the Redeemers University in Ede, Osun State.
Prof Osinbajo said that the loss of about 60 percent of gas and 60 percent of revenue is largely responsible for the economic challenges Nigerians have been facing.
The Vice President said that contrary to predictions that the recession would last till year 2020, the federal government, he assured, is not resting on its oars.
He said that efforts were on to partner with private investors to invest more in the renovation of the refineries.
While commending Nigerians for their resilience, Prof. Osinbajo expressed hope and conviction that Nigeria has all that it takes to bounce back so long as the nation keeps a steady course. (Channels TV)
•Photo shows Vice-President Osinbajo.
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