The Vice-President, Prof. Yemi Osinbajo, has said the economic recession facing Nigeria will not last until 2020 as predicted by a Senior Advocate of Nigeria, Olisa Agbakoba. Osinbajo said this in Ede, Osun State on Thursday in an interview with journalists after the eighth convocation of the Redeemer’s University. Osinbajo said, “As far as we are concerned and so far as all of us who are working seriously hard are concerned, the recession must be short-lived. The reason is that as of February last year, we were generating 5,000 megawatts of power and that was the highest ever in the history of this country and that same month the vandalism of the pipelines started. So, we lost 60 per cent of gas and 60 per cent of revenue. There is nowhere in the world, there is no economy in the world that can lose 60 per cent of its revenue and will not go into some sort of recession which is actually what has happened to us in this country. Once we are able to resolve these issues concerning pipeline vandalism and the diversification of the economy we are working towards, things will change for the better.”
