I left Nigeria’s economy better than I met it, Obasanjo boasts
Former President Olusegun Obasanjo says his administration left Nigeria’s economy in a better state than it is now.
Obasanjo said his administration reshaped Nigeria’s economy and left it in a better shape by the end of his eight-year tenure in 2007.
The former President, who spoke in Abeokuta, at the Safe Online Youth Fellowship Bootcamp, recalled landmark achievements by his administration while in office.
He boasted of setting Nigeria free from bondage of debt and setting the pace for an uninterrupted democracy for 25 years.
Obasanjo said, “When I came in as elected President, I wanted to get debt relief because we were spending $3.5 billion every year servicing debt and the quantum of the debt was not going down. Today, I can say that I made Nigeria better than I found it from an economic perspective.
“I found $3.7 billion in the reserves and we were spending $3.5 billion to service our debt. By the time I left, we had a debt of about $36 billion with the debt relief, and I left with a debt of $3.6 billion. Also, I left a reserve of over $50 billion. I also achieved excess crude for the country worth over $25 billion.”
The former president, who simply defined success as leaving a place better than one found it, said that he achieved that in his administration without any blemish.
Former President Olusegun Obasanjo says his administration left Nigeria’s economy in a better state than it is now.
Obasanjo said his administration reshaped Nigeria’s economy and left it in a better shape by the end of his eight-year tenure in 2007.
The former President, who spoke in Abeokuta, at the Safe Online Youth Fellowship Bootcamp, recalled landmark achievements by his administration while in office.
He boasted of setting Nigeria free from bondage of debt and setting the pace for an uninterrupted democracy for 25 years.
Obasanjo said, “When I came in as elected President, I wanted to get debt relief because we were spending $3.5 billion every year servicing debt and the quantum of the debt was not going down. Today, I can say that I made Nigeria better than I found it from an economic perspective.
“I found $3.7 billion in the reserves and we were spending $3.5 billion to service our debt. By the time I left, we had a debt of about $36 billion with the debt relief, and I left with a debt of $3.6 billion. Also, I left a reserve of over $50 billion. I also achieved excess crude for the country worth over $25 billion.”
The former president, who simply defined success as leaving a place better than one found it, said that he achieved that in his administration without any blemish.
