Vice-President Yemi Osinbajo has attributed the current economic recession to the activities of militants
in the Niger Delta.
Osinbajo said there was no way Nigeria would not be affected, given the fact that the nation now loses
over one million barrels of crude oil on a daily basis.
The Vice-President said this on Monday at the maiden meeting of the Presidential Quarterly Business
Forum, with members of the organised private sector and other stakeholders at the State House
Conference Centre, Aso Villa, Abuja.
The meeting is part of the Federal Government’s effort to continually engage regularly with different
segments of the Nigerian public on its economic policies and direction.
Osinbajo said, “Perhaps it is important for us to understand the nature of this recession in which we have
found ourselves. A lot depends on what sort of recession and how we got here.
“If we did not have vandalism 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.”
