Nigeria: Niger Delta Militancy Pushes Recession to Third Quarter

The Federal Government of Nigeria said on Monday that vandalism and sabotage of critical oil and gas installations in the Niger Delta were the immediate causes of the persistence of the recession in the third quarter.

The National Economic Management Team (NEMT), headed by Vice President Yemi Osinbajo, said this in a statement by the Special Adviser to the President on Economic Matters, Adeyemi Dipeolu. The statement was made available to State House reporters by Osinbajo’s spokesman, Laolu Akande.

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