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ProfRem
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Former President Olusegun Obasanjo has explained how ex-President, Goodluck Jonathan caused economic recession in the country.
Chief Obasanjo yesterday said his advice on the prevailing economic crisis was ignored two years ago by taking a swipe at the administration of President Goodluck Jonathan.
He also blamed Jonathan for lifting the ban on importation of products like toothpick, which he said could have been taken over by local industries without encumbrances.
At the official opening of the National Council on Finance and Economic Development (NACOFED) in Abeokuta yesterday, Obasanjo said the only way Nigeria could urgently step out of the current economic recession is for it to seek foreign loan.
Obasanjo, who was the Father of the Day at the opening session, said he had warned the former President on the impending recession in November 26, 2014 when he joined others to celebrate the birthday of retired Justice Akanbi.
“I reminded the government that we were spending more than we were earning. that very soon, the country would not be able to fund the budget… Unfortunately, the government then refused to listen to my advice,” he told the gathering.
Chief Obasanjo yesterday said his advice on the prevailing economic crisis was ignored two years ago by taking a swipe at the administration of President Goodluck Jonathan.
He also blamed Jonathan for lifting the ban on importation of products like toothpick, which he said could have been taken over by local industries without encumbrances.
At the official opening of the National Council on Finance and Economic Development (NACOFED) in Abeokuta yesterday, Obasanjo said the only way Nigeria could urgently step out of the current economic recession is for it to seek foreign loan.
Obasanjo, who was the Father of the Day at the opening session, said he had warned the former President on the impending recession in November 26, 2014 when he joined others to celebrate the birthday of retired Justice Akanbi.
“I reminded the government that we were spending more than we were earning. that very soon, the country would not be able to fund the budget… Unfortunately, the government then refused to listen to my advice,” he told the gathering.
