Osinbajo, Peter Obi and others tackle economic problem in Vice-Presidential debate
The removal of subsidy on the importation of petroleum products is of importance to speakers at the Vice-Presidential debate except Professor Yemi Osinbajo who emphasizes on empowering SMEs.
___9201477___2018___12___14___22___Yemi+Osinbajo+thinks+the+removal+of+petroleum+subsidy+can+lead+to+an+increase+in+price.
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On Friday, December 14, 2018, the current vice-president of Nigeria Professor Yemi Osinbajo tackles other speakers such as Peter Obi of the People's Democratic Party (PDP) in an argument about prosperity in the country.
Other candidates who spoke at the debate include Khadijah Abdullahi Iya of the Alliance for New Nigeria (ANN), Young Progressives Party's Umma Getso and Ganiyu Galadima who represents the Allied Congress Party of Nigeria (ACPN).
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While most of the candidates agree on a need to remove subsidy on the importation of petroleum, APC's Professor Yemi Osinbajo thinks it can cause more harm than good.
The price of petroleum products is likely to see a sharp increase according to the incumbent who favours a gradual removal.
His position is strongly contested by other speakers such as Peter Obi of the People's Democratic Party (PDP).
Obi identifies a failure to create jobs as a factor encouraging the issue of insecurity in Nigeria.
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In a response, Osinbajo emphasizes on developing SMEs through loan schemes able to empower traders.
Already, the Buhari-led administration has disbursed more than N15 billion to over 1.5 million petty traders in support of the Trader Moni initiative.
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