Obasanjo, Yar’adua and Jonathan to blame for Nigeria’s economic crisis – Presidency

The presidency has declared that Nigeria’s economic decline was caused by “poor economic” choices made by former presidents, Olusegun Obasanjo, Late Umaru Yar’adua and Goodluck Jonathan.

This was made known in a statement on Monday, November 18 by presidential media aide, Bayo Onanuga in response to the recent criticisms of the Bola Tinubu-led administration by Obasanjo.

Onanuga stated: “The current economic crisis the All Progressives Congress administrations have been battling since 2015 is the product of the poor choices in economic management made by Obasanjo and the two successors from his party.”

The presidency accused Obasanjo of failing to fix federal roads or expand the national road network.

It also stated that his government neglected federal universities, while the ex-president and his deputy, Atiku Abubakar, built private higher institutions.

“While oil receipts brought money into the country, Obasanjo failed to fix the deplorable federal roads or expand the national road network. He did not repair the Lagos-Ibadan expressway, the Lagos-Abeokuta road leading to his hometown in Abeokuta, the Otta-Idiroko road, and many others.

“His administration also should have paid more serious attention to universities and polytechnics.

“In a joint vote of no confidence in our tertiary institutions, Obasanjo and his deputy, Atiku Abubakar, sought to profit from their weaknesses by establishing their private universities.

“As a sitting President, Chief Obasanjo abused his office to advance personal interest against the spirit and letters of our constitution when he corralled leading businessmen, women and government contractors to donate billions of naira for his Olusegun Obasanjo Presidential Library and Resorts in Abeokuta and his Bell University in Otta,” the presidency stated.