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Presidency To Jonathan: You Handed Over A Bad Economy




The Presidency has said that former President Goodluck Jonathan handed over a bad economy plagued by mismanagement and corruption

Government response was contained in a statement issued in Abuja by Mr. Garba Shehu, the Senior Special Assistant to the President on Media and Publicity.

Mr. Sheu’s statement is a direct response to other statements credited to former President Goodluck Jonathan and Ahmed Makarfi, the caretaker chairman of the Peoples Democratic Party, to the effect that “under the previous administration, there was money but now things are very hard.”

“It is understandable that Dr Jonathan kept his comments short, because a cursory look at any sector clearly indicated that he and his government presided over the most monumental and tragic economic mismanagement recorded in our national history.

“The oil sector boomed under his tenure, with oil prices as high as 120 dollars and peace in the Nigeria Delta. Nigeria earned unprecedented dollar revenues. Sadly, that is where the story turns sour.

“There is nothing to show for the revenues earned; no major capital project was completed, neither power generation, road development, rail nor agriculture benefited from the windfall earnings.

“Rather, the administration presided over the diversion of oil revenues on such a massive scale that even without the protection now accorded to Whistle blowers, the then Central Bank Governor blew not only a whistle but a trumpet.

“He was hurriedly shown the door.”

Mr. Shehu added that the acquisition by public officers and their cohorts, of private jets, luxury yachts and the accumulation of expensive property portfolios world-wide continued unabated.

“Indeed, the President once celebrated having the largest number of private jets, whilst our youth languished without jobs, our fields stood idle and our factories began the layoff of workers.

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