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A little more digging and the Makefile is looking for LIBVLCJNI=vlc-android/libs/armeabi/libvlcjni.so in the path below vlc-android/extras/package/android. However the libs directory and subsequent directories and files does not exist.

Does this mean there was an error when building the contribs?

I have exactly the same problem, with libvlcjni.so. I have looked for the stats line to comment out and it is not present in the file. Using Xubuntu 11.04, if that makes any difference.