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“There’s No Way Buhari Would Have Inherited Empty Treasury!” – Jonathan
Crude exports accounted in 2014 for as much as two-thirds of government revenue, with most state budgets relying on monthly handouts from the federal administration.
Finance Minister, Kemi Adeosun, said last month that a long-delayed 2016 budget might not be fully implemented. The cash crunch has dampened optimism around the election of Buhari who campaigned on an anti-corruption platform, beating Jonathan in the first election victory by an opposition candidate in the nation’s history.
In a bid to plug the gap in the finances of Africa’s biggest economy, Nigerian authorities have gone after corrupt officials, recovering more than $500 million in cash so far. Investigations by the Economic and Financial Crimes Commission, EFCC, have brought top officials of Jonathan’s government under scrutiny, such as his National Security Adviser, Sambo Dasuki, and then-spokesman of his political party, Olisa Metuh.
My administration did very well —Jonathan
He declined to say what those investigations might reveal. Jonathan said his administration did “very well” in the fight against corruption. Former President Goodluck Jonathan expressed confidence that the authorities could reach an agreement with militants in the Niger Delta to stop their attacks that had slashed production of Africa’s biggest oil producer.
In February, Jonathan’s successor Muhammadu Buhari reduced the stipends and canceled security contracts with former military leaders. A militant group known as Niger Delta Avengers has claimed attacks on facilities belonging to companies, including Chevron Corp., Royal Dutch Shell Plc and Agip Oil Co., causing Nigeria’s output to drop to an almost 30-year low of about 1.4 million barrels per day.
The violence has deepened the crisis facing Africa’s largest economy, which is already reeling from a slump in crude prices. Nigeria gets as much as two-thirds of its revenue and more than 90 percent of foreign income from oil.
His words: “Since leaving office one year and one week ago, I have had the luxury of time to reflect on the future of my great country, Nigeria. ‘’So, today (yesterday) is not about my personal memories or a litany of ‘what ifs’. No! Today I would like to share with you what I believe are the key lessons from my experiences for the future of democracy not only in Nigeria but also across the entire continent of Africa.
Buhari
“I said before the last election that my political ambition was not worth the blood of one Nigerian. I was true to my word when on March 16, 2015, just after the election, when the results were still being collated by the Independent National Electoral Commission, INEC, I called my opponent, General Muhammadu Buhari, retd, to concede, in order to avoid any conflict and ensure a peaceful transition of power.
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