He said that the most important drain on the nation’s public purse was grand corruption, saying the nation would earn more revenue if such was addressed. “In a 2015 transaction met by this administration, a sum of $67 million was made without a purpose for it. So also is another $292 million,” he said. The Vice President also listed lack of commitment to diversification of the economy as one of the problems which affected the economy. On restructuring, Osinbajo said that some of those clamouring for it were those who opposed their efforts on restructuring years back when they were in government. “Let me explain my position clearly.
I am not just an advocate of restructuring, there is no other government in Nigeria that has actively pursued restructuring such as we did when I was Attorney General in Lagos State. “People talking about restructuring, if you ask them what they meant by restructuring? They won’t even know what it means and that is the problem we have to face,” he said. The vice president narrated how he pursued issues of restructuring to the Supreme Court when he was the Attorney General in Lagos State. According to him, “We started with fiscal restructuring, which is more of resource control. Should states control their own resources? We went to the Supreme Court.
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