Tuesday, June 18, 2024 - Former President, Olusegun Obasanjo, has said that his administration was one of the best the country has had so far.
Obasanjo spoke in Abeokuta, yesterday, June
18, at the Safe Online Youth Fellowship Bootcamp organised by NerdzFactory
Company, supported by Meta at the Youth Development Centre, Olusegun Obasanjo
Presidential Library (OOPL).
He recalled landmark achievements his
administration recorded while in office between 1999 and 2007.
He said he was responsible for setting
Nigeria free from the bondage of immense debt, adding that he takes pride in
the celebration of the 25 years an uninterrupted democracy, which started
during his reign as democratic ruler in 1999.
He 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.”
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