A former Minister of
Solid Minerals, Mrs. Obi Ezekwesili, has said the administrations of former
President Goodluck Jonathan and that of the incumbent, Muhammadu Buhari, led
the nation’s economy into recession by failing to adopt the right policies to deal
with the crash in crude oil prices, which began in mid-2014.
Ezekwesili noted that while Jonathan’s
administration failed to do something about the impending recession before
leaving office, the current administration also failed to launch a comprehensive
fiscal stabilisation programme on assumption of office in May 2015.
She spoke as the guest speaker at the inaugural
Business Lecture of the Lagos Country Club in Lagos on Thursday night.
According to her, the economic policies of the present
administration have worsened the matter, because they are not the right
policies.
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