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Nairaland Forum / Nairaland / General / Politics / Why Nigeria's Economy Slowed Down - VP Osinbajo (589 Views)
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Why Nigeria's Economy Slowed Down - VP Osinbajo by TheRareGem1(f): 5:58am On Nov 14, 2020 |
Vice President Yemi Osinbajo has said lack of functional infrastructure had slowed down the country's economy over the years. Osinbajo, who stated this at the 42nd Annual Conference of Association For Consulting Engineering in Nigeria (ACEN), in Abuja, Thursday said the adequacy of infrastructure determines a country's success or failure in diversifying production, coping with population growth, poverty alleviation and environmental conditions. "This is because a meaningful infrastructural development is no doubt the path to the enhancement of the standard of living of the people, and to achieve it, we must adopt engineering as the bedrock," Vice President who was represented at the event by the Minister of Water Resources, Engr. Suleiman Adamu, said. He disclosed that the government has commenced extensive investment in the road sector, power, water resources, aviation, agriculture, oil and gas. He pledged government's commitment to promote local content in contracts as well as in science, engineering and technology. He therefore urged engineers to key into competitiveness in the country. According to him, engineering is at the root of development and any nation wishing to achieve development must adopt engineering as the bedrock of such a venture. Osinbajo said: "There is no doubt that ACEN has a great role to play being the business arm of the engineering family charged with the development of Nigeria. It is clear that for any developing country to grow, infrastructure must be at the forefront. It is also evident that Africa has huge potentials, but the lack of adequate infrastructure is affecting it and Nigeria is no exception." The vice president said the Administration of President Muhammadu Buhari will continue to support Nigerian Engineers in their bid to promote professionalism and competitiveness in the committee of nations. Earlier, ACEN President, George Okoroma, said: "We are looking at how the economy can be recovered, and it is only engineers that can lay the foundation for the growth." He stressed that the government patronising foreign engineers was unfair to the Nigerian counterparts, blaming the trends on the policy makers who are not willing to engage them in government projects. https://allafrica.com/stories/202011130009.html?utm_campaign=allafrica%3Aeditor&utm_medium=social&utm_source=twitter&utm_content=promote%3Aaans%3Aabkgta 1 Like |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by BigSarah(f): 5:58am On Nov 14, 2020 |
Lol... The economy has been “slowed-down” since 1999-2014, the economy is practically limping now whilst wielding clutches. Buhari and Osinbajo are jointly responsible . 3 Likes |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by helinues: 5:59am On Nov 14, 2020 |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by TecM0: 6:02am On Nov 14, 2020 |
No lies. VP Osinbajo no lies, you dropped fact Imagine a 60 years old country just building basic infrastructure in 2020 PDP couldn't fix or build Refinery for 16 years yet want imported fuel cheaply, they never built a single Power plants yet want , Adeleke, Otedola and other power plant owners to give them Electricity for free . 1 Like |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by okefrancis: 6:03am On Nov 14, 2020 |
It has caused a lot of catastrophe over the years but bless God to have a new administration who revive it |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by Nobody: 6:06am On Nov 14, 2020 |
TecM0: Try arguing with facts.. - But you bought fuel cheaper then, despite still not having any working refinery despite various scam TAMS today.. - if the previous Govt never commissioned power how did it increase Nigerian electricity generation over the years? - Power plants commissioned pre 2015. Olorunsogo power plant Geregu power plant Alaoji power plant Omotosho power plant 5 Likes |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by MickzyDonald: 6:06am On Nov 14, 2020 |
OSINBAJO 2 Likes 1 Share |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by cashinnaira: 6:11am On Nov 14, 2020 |
This man never tired of talking? 3 Likes |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by TecM0: 6:23am On Nov 14, 2020 |
Esseite: You are even counting privately owned power plant as PDP achievements, even with all the crude oil dollars PDP swallowed You bought fuel cheaper because subsidy was been paid with money meant to better the life of next generation . 1 Like |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by Thunder1010: 6:24am On Nov 14, 2020 |
"a meaningful infrastructural development is no doubt the path to the enhancement of the standard of living of the people," |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by Thunder1010: 6:25am On Nov 14, 2020 |
PDP as a party ruined Nigeria to this stage, no infrastructure, no development whatsoever. |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by Moferere: 6:29am On Nov 14, 2020 |
lack of functional infrastructure You people are in government for 5 years + You are still complaining about infrastructures? What are these guys smoking t'orí Ọlọ́run? Where are they getting their (weed) supplies from? 2 Likes |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by Moferere: 6:30am On Nov 14, 2020 |
Please, let's gather and do a community reading of what these guys have written. You cannot defend APC without coming up dumb opinions Iranu Thunder1010: TecM0: TecM0: TecM0: 3 Likes |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by Nobody: 6:32am On Nov 14, 2020 |
TecM0: - Privately owned power plant?.... was it not Govt monies used to build the power plants and then leased to Gencos? - We are still generating same electricity between 2015 and now despite phantom 12,000 mw. - atleast the masses on all cadres benefitted from subsidy, well we are no longer benefitting from subsidy, is the life better now? 3 Likes |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by Aflix(m): 6:35am On Nov 14, 2020 |
This man laments about things he is in a position to do something about 4 Likes |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by TecM0: 6:35am On Nov 14, 2020 |
Moferere: You can impregnate your wife in 30 minutes, but to make a baby takes 9 months Can you build 500 BPD refinery in 5 years?! Can rail line from Lagos to Kano be built within 5 years, can Lagos Ibadan express way be done in 5 years? Now PDP had 16 years and practically did nothing . 2 Likes 1 Share |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by seunlayi(m): 6:44am On Nov 14, 2020 |
Yeye dey smell like jollof rice 1 Like |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by HopeUzodinma: 6:50am On Nov 14, 2020 |
Mtcheew 1 Like |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by Moferere: 6:58am On Nov 14, 2020 |
TecM0: As I dey, I resemble person wey you fit dribble? I am more enlightened and exposed than you. SO don't mention me in your dumb opinions |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by TecM0: 7:06am On Nov 14, 2020 |
Moferere: Kpele ooo Mr enlightened no be you mention me first, Mr Community reader Mscheew |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by Nobody: 7:10am On Nov 14, 2020 |
Short Midget and a serial liar. This man feeds fat on chameleonic deceit. ABUJA – VICE President Yemi Osinbajo has said that the problem of Nigeria was not geographical restructuring rather prudent management of national resources and providing for the people properly. Osinbajo also said prudent management of the nation’s resources and the provision of essential needs of the people were better ways of addressing Nigeria’s development challenges. The Vice President stated this while fielding questions from a cross-section of Nigerians at a town hall meeting in Minnesota, the United States of America, Sunday. According to him, “ the problem with our country is not a matter of restructuring and we must not allow ourselves to be drawn into the argument that our problems stem 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. “So, for example, we went to court to contest the idea that every state should control, to a certain extent, its own resources (the so-called resource control debate). 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% derivation. https://www.nairaland.com/6252310/osinbajo-nigerias-problem-not-restructuring Eleven facts that's show VP, a pastor turned politician is a Fraud The Vice President, A Pastor turned Dictator and hates the people he presides over their affairs and punishes the masses at any slightest opportunity. Eleven facts Showing the vice president is a dictator 1. Systematic efforts to intimidate the media. 2. Building an official Pro-Yemi media network. 3. Politicizing the civil service, military, National Guard, or the domestic security agencies. 4. Sectionalism in Appointment of aides and mostly ethnic conscious 5 Using government surveillance against domestic political opponents 6. Using state power to reward corporate backers and punish opponents 7 Stacking/Pocketing the Supreme Court. 8. Really rigging the system. 9 Fearmongering: Stoking public fears about safety and well-being is a classic autocratic tactic. 10. Demonizing the opposition 11. Enforcing the law for only one side. https://www.nairaland.com/6248937/eleven-facts-thats-show-vp The man is a complete fraud , worse than buhari. 2 Likes |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by FarahAideed: 7:13am On Nov 14, 2020 |
Nigeria Economy got destroyed by Buhari's incompetent |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by ThatFairGuy: 7:16am On Nov 14, 2020 |
We have just two options to cushion our problems as a Nation, the best is to RESTRUCTURENGNOW (Review our constitution and back to Regional forms of Government) or we keep moving from fry pan to fire. That's just the reality. |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by Maxymilliano(m): 7:23am On Nov 14, 2020 |
Economy that has been in reverse direction since coming to power is what this one described as slowed down. Mumu VP 1 Like |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by Moferere: 7:52am On Nov 14, 2020 |
TecM0: Mo ṣì máa lù ẹ́ |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by crackhaus: 8:29am On Nov 14, 2020 |
I don't even know the job description of a VP. As in, wetin this man dey do for Aso Rock like this? 5 Likes |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by TheRareGem1(f): 8:58am On Nov 14, 2020 |
Juliusmalema: We don hear you. Nothing you can say that will reduce the love many Nigerians (sane) have for Osinbajo. You can keep quoting your trash time and time again but it won't work here. Your SE governors, you should blame them for your lack of development, poverty which turn to robbery, kidnapping and violence. They are the cause of your woe after getting so much from Buahri osinbajo. 1 Like |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by TheRareGem1(f): 8:59am On Nov 14, 2020 |
crackhaus: Read. It won't kill you. Read about constitution of Nigeria. You will see the question you seek |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by sammyj: 9:00am On Nov 14, 2020 |
Story for the gods. You and your Oga keep on increasing fuel and killing us only to come out with illogical reasons and excuse for failure |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by BigBabyJesus: 9:01am On Nov 14, 2020 |
Osinbanjo should learn the art of silence because the more he opens his lying Judas mouth the more he exposes himself as the charlattan , fraud and fake pastor that he is. |
Re: Why Nigeria's Economy Slowed Down - VP Osinbajo by Nobody: 9:10am On Nov 14, 2020 |
TheRareGem1: Where in SW is developed? Is it Ogun that is developed? Is it Osun or Ekiti that is developed? Is it Ondo or Oyo that is developed? Or you want to shout Lagos that can't stand J'borg? Thuggery and violence , I can just laugh,... simple lockdown because of Covid-19 so much group were created in west from Awawa youths to one million boys or is it in Osun where they were fighting over packaged garri? or you guys crying more than bereaved during the lockdown? What else is the best definition of poverty than this? As if that was not enough, simple ENDSARS protest was hijacked by kunle ponle and his boys and start looting and vandalising everywhere even obas palace? Suddenly you guys wanted to tag it igbo and all arrest that was made to this day were all Yorubas. Last batch of 32 names arraigned were all Yorubas? Which society you have that is not poverty ridden? All the kidnappings in Osun and Ogun plus skull business were all done by Ghanaian and benin republic. When next you want to talk, make sure you have something presentable and not whack , fraud and deceit as Osinbajo |
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