Vice-President Yemi Osinbajo has said Nigeria’s over-dependence on oil resources is responsible for the high level of corruption, dwindling economy and the redundant human resource base in the country.
He also traced restiveness and agitation for resource control, especially in the South-south geo-political region to over-reliance on oil.
Osinbajo who was represented by the Deputy Chief of Staff in the Presidency, Mr. Adeola Ipaye, spoke yesterday in Port Harcourt at the inauguration of the Partners for Sustainable Development (PSD) Forum organised by the Niger Delta Development said the theme of the forum: ‘Restrategising Development Concepts in the Niger Delta Region to Provide for Post-Oil Wealth Socio-economic Sustainability,’ was strategic and apt because of the current global decline in oil revenue.
He also said the theme was timely as it was coming towards the commencement of the implantation of the new globally-adopted Sustainable Development Goals (SDGs).
“The country’s over-dependence on oil is only the cause of the downturn of the economy for now; it has been responsible for the emergence of redundant human resource base and high level of corruption.
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