Nigeria’s Economy Has Not Yet Recovered - Osinbajo
You see, Nigeria’s economy has exited recession, but it is still not yet Uhuru.
Although some people in government do argue otherwise, Vice President Yemi Osinbajo admitted on Tuesday that the economy is not yet better but right on the track to recovery.
Osinbajo told Nigerians on Tuesday at the inauguration of a 300 million-litre capacity tank farm built by Petrolex Oil and Gas in Ogun State that judging from credible, independent and third-party evidence, Nigeria is on track to economic recovery.
Osinbajo recalled that a cheering news came from the World Bank over a month ago when it adjudged Nigeria as “one of the 10 most improved economies in the world” this year.
He stressed that such rating by an independent body showed that the nation’s economic recovery programme was on course.
The Vice-President said the President Muhammadu Buhari-led administration believed that industrialisation was necessary to achieving economic development and creating jobs for millions of Nigerians.
Osinbajo said the Petrolex’s tank farm would ease traffic at tank farms in Apapa, improve retail distribution in Nigeria, increase domestic storage of petroleum products and create jobs for the teeming Nigerian youths.
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