Wednesday, 28 September 2016

Ex-President Obasanjo Reacts To Recession


The Ex-president Olusegun Obasanj, blamed former governors for the current economic recession.


He stated that ex-governors contributed to the economic challenges troubling the nation by opposing his government’s efforts to save for the rainy day when the price of oil was higher.

Obasanjo speaking during the 2016 World Pension Summit in Abuja cried out that many of the former state executives discouraged his genuine attempt to save a considerable part of the country’s resources when there was excess oil revenue.

He said: “I remember when I was in government and I told, particularly, the governors, ‘please let us save for the rainy days.’ They said no!

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