Economy & Finance, Government Policies & Politics

Obasanjo Blasts Buhari Over Dwindling Crude Prices Excuse

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Nigeria’s former President , GCFR has asked President to stop using dwindling crude prices as an excuse for lack of performance as are growing in frustration of his administration.

Speaking during an exclusive interview with an Online platform, Frisky Larr, Obasanjo said he met worse when he took power in 1999, but made the best of it.
He however reminded Buhari that unlike his administration that met a paltry $3.7 billion in the coffers, Goodluck Jonathan left behind a whooping $30 billion.
He was quoted as saying, “When I assumed office in 1999, I inherited $3.7 billion in reserve, while Buhari met $30 billion, almost 10 times of what I met then, and the price of oil then was $9. When it got to $20, I was dancing. 
“I know the price is down now and with time, it will jump up again. What Buhari is doing currently is preparing ground for Nigeria to take advantage when it goes up again.”
Source: Fojusi

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