Buhari didn’t meet an empty treasury but inherited $30 billion from Jonathan, says Obasanjo

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Nigerian Economy

NIGERIA – Ex-president, Chief Olusegun Obasanjo has faulted incumbent President Buhari for claiming he received nothing from the previous administrations.

In an Interview with Frisky Larr, Obasanjo said, “When I assumed office in 1999, I inherited $3.7 billion in reserve, while Buhari met $30 billion, almost 10 times of what I met then, and the price of oil then was $9. When it got to $20, I was dancing.

Buhari and Obasanjo exchanging pleasantry

“I know the price is down now and with time, it will jump up again. What Buhari is doing currently is preparing ground for Nigeria to take advantage when it goes up again,” he maintained.

Several media reports had previously quoted President Buhari saying he inherited an empty treasury.
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