Loading...

Author Topic: Economic recession in Nigeria won’t last – Says Osinbajo  (Read 280 times)

0 Members and 1 Guest are viewing this topic.

Offline newspostng

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 578
    • View Profile
Economic recession in Nigeria won’t last – Says Osinbajo
« on: September 09, 2016, 08:26:10 AM »

The Vice President, Prof. Yemi Osinbajo, on Thursday assured that the nation’s economic recession would not last.



Speaking at the 8th convocation ceremony of Redeemer’s University, Ede, Osun State, Osinbajo said the Federal Government is not unaware of Nigerians’ pains as a result of the economic crisis.

He insisted that with measures taken by the government, the crisis would “soon go away.”

The vice president challenged the youths not to despair but to multitask in order to break even.

He said there is no way Nigeria could have avoided the recession since it had in February this year lost 60 per cent of its revenue to the activities of saboteurs.

Osinbajo also identified pipelines vandalism and errors of some past leaders as causes of Nigeria’s current economic situation.

He urged young graduates to be diligent and take advantage of various international trading platforms to improve their status.



 

Nigeria Single Treasury Acct TSA boost revenue collections as FAAC shares N511bn

Started by mastercode

Replies: 0
Views: 296
Last post August 30, 2015, 04:07:58 PM
by mastercode
Nigeria-South African country?s media confirms legitimacy $9.3M of arms deal

Started by mastercode

Replies: 0
Views: 302
Last post October 07, 2014, 11:34:33 AM
by mastercode
Tony Elumelu launches Empowerment Fund to revitalize Nigeria distressed areas

Started by admin

Replies: 0
Views: 414
Last post October 17, 2014, 01:11:34 PM
by admin
Fuel scarcity - okonjo iweala accused Oil marketers of holding Nigeria to ransom

Started by mastercode

Replies: 0
Views: 544
Last post May 04, 2015, 09:43:56 AM
by mastercode
IRAN - US Deal - Nigeria May Lose N333 billion in crude oil revenue By Year End

Started by mastercode

Replies: 0
Views: 240
Last post July 21, 2015, 01:50:49 PM
by mastercode
President Buhari Tells NNPC New Boss - Recover all Stolen Nigeria Oil Money

Started by mastercode

Replies: 0
Views: 129
Last post August 05, 2015, 05:01:21 PM
by mastercode
President Buhari hails British support for repatriation of Nigeria?s stolen fund

Started by mastercode

Replies: 0
Views: 193
Last post October 07, 2015, 08:26:29 PM
by mastercode
APC React to PDP call for buhari's Resignation amid Nigeria 2016 missing Budget

Started by newspostng

Replies: 0
Views: 186
Last post January 15, 2016, 10:27:53 AM
by newspostng
FirstBank sustains support for Nigeria Association of the Blind on White Cane Da

Started by admin

Replies: 0
Views: 225
Last post October 15, 2014, 07:07:30 PM
by admin
ARMS DEAL: Finally, South Africa returns seized $15m to Nigeria

Started by mastercode

Replies: 0
Views: 242
Last post October 25, 2014, 09:41:20 PM
by mastercode