Buhari did not inherit an empty treasury- GEJ
Tue Jun 07, 2016 07:24:am Politics
2.3K By Buchi Obichie
Dismissing claims by current President Muhammadu Buhari that he met an empty treasury upon assuming office, Former President Goodluck Jonathan, yesterday, while speaking in London defended his government's record on fighting corruption and denied Buhari's claim that the country's Treasury was left empty when he handed over power last year.
President Muhammadu Buhari, who succeeded Jonathan in May 2015, had accused the previous President's administration of looting billions of dollars and leaving the country's finances "virtually empty."
"There's no way he would have inherited an empty Treasury," Jonathan said in an interview with Bloomberg Television in London, adding "It's not possible." Nigeria's economy is in decline due to a continual slump in oil prices since mid-2014.
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 Government.
Jonathan also said his administration did "very well" in the fight against corruption, and expressed confidence that the authorities could reach an agreement with militants in the Niger Delta to stop their frequent sabotage of oil installations- an activity which has slashed crude oil production for Africa's biggest oil producer.
Jonathan also disclosed that he was indeed being investigated by the Government; just like other members of his administration.
President Muhammadu Buhari, who succeeded Jonathan in May 2015, had accused the previous President's administration of looting billions of dollars and leaving the country's finances "virtually empty."
"There's no way he would have inherited an empty Treasury," Jonathan said in an interview with Bloomberg Television in London, adding "It's not possible." Nigeria's economy is in decline due to a continual slump in oil prices since mid-2014.
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 Government.
Jonathan also said his administration did "very well" in the fight against corruption, and expressed confidence that the authorities could reach an agreement with militants in the Niger Delta to stop their frequent sabotage of oil installations- an activity which has slashed crude oil production for Africa's biggest oil producer.
Jonathan also disclosed that he was indeed being investigated by the Government; just like other members of his administration.
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