Former President Olusegun Obasanjo asserted that he improved Nigeria’s economic outlook during his tenure, which spanned from 1999 to 2007.
Speaking at the Safe Online Youth Fellowship Bootcamp organised by NerdzFactory Company, supported by Meta, held at the Youth Development Centre, Olusegun Obasanjo Presidential Library (OOPL) in Abeokuta, Ogun State, Obasanjo highlighted his administration’s achievements.
“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,” Obasanjo recalled.
“I found $3.7 billion in reserves, and we were spending almost all of that to service our debt.
“When I left office, we had achieved debt relief, reducing our debt to $3.6 billion while building up reserves to over $50 billion. I also facilitated an excess crude account worth over $25 billion.”
Reflecting on his tenure, Obasanjo, who simply defined success as leaving a place better than one found it, said that he achieved that in his administration with excellent track records.
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