1. Established in 1999, Obasanjo formally launched the NHIS in 2005. He also launched the Contributory Pension Scheme (CPS) in 2004.
Today, the (CPS) is worth trillions of Naira. Sadly your messiah is borrowing away these Pension Funds.
Today, the (CPS) is worth trillions of Naira. Sadly your messiah is borrowing away these Pension Funds.
2. Despite strong resistance from 36 State governors, the stubborn general, found his way around, & filled up the Excess Crude Account (ECA).
He had established the ECA in 2004, as oil prices surged. Obasanjo left $20 billion inside the ECA at the time he left.
He had established the ECA in 2004, as oil prices surged. Obasanjo left $20 billion inside the ECA at the time he left.
3. He secured $18 billion debt reprieve from the London & Paris club & equally paid off another $18 billion.
He did not blame Abacha for jailing him in 1995, neither did he blame Abdusalami that set him free in 1998. He settled down, setup his cabinet & quickly got to work.
He did not blame Abacha for jailing him in 1995, neither did he blame Abdusalami that set him free in 1998. He settled down, setup his cabinet & quickly got to work.
4. By December 2006, after Obasanjo had paid off the Paris Club, Nigeria’s EXTERNAL DEBT was $3.5 billion.
I must stress that he met an almost empty treasury in 1999. Thank the White Wizard from Minna for emptying the purse.
I must stress that he met an almost empty treasury in 1999. Thank the White Wizard from Minna for emptying the purse.
5. As at May 1999 when he took the reins of power from the military, TOTAL EXTERNAL RESERVE was $4.98 billion.
By the time he left office, he bequeathed $52.47 billion in EXTERNAL RESERVES to Nigeria. Amazing, isn’t it?
By the time he left office, he bequeathed $52.47 billion in EXTERNAL RESERVES to Nigeria. Amazing, isn’t it?
6. Obasanjo inherited GDP growth of 3%, he grew Real GDP to 6.73%. Real GDP grew to N39.99 trillion in 2006.
Overall, Obasanjo increased GDP from $59.37 billion in 1999, to $275.6 billion by 2007, making Nigeria the second biggest economy in Africa.
Overall, Obasanjo increased GDP from $59.37 billion in 1999, to $275.6 billion by 2007, making Nigeria the second biggest economy in Africa.
7. Inflation during this period was also “single digit,” averaging 8.38% in 2006. There was increased domestic production of goods & services.
He created the ICPC, the EFCC, the NDDC. All these institutions of state, have now been bastardized.
He created the ICPC, the EFCC, the NDDC. All these institutions of state, have now been bastardized.
8. He increased Royalties to Oil producing states from 3 to 13%.
He implemented the 2000 telecom reforms & the 2004 banking reforms.
Amid poor delivery & widespread criticisms, he reshuffled his cabinet in Feb 2001. He sacked 10 out of his 49 ministers.
He implemented the 2000 telecom reforms & the 2004 banking reforms.
Amid poor delivery & widespread criticisms, he reshuffled his cabinet in Feb 2001. He sacked 10 out of his 49 ministers.
9. Obasanjo recruited the finest:
1. NOI - economy
2. Soludo - Banking
3. Tonnie Iredia - NTA
4. Prof Jerry Gana - NOA
5. Frank Nweke Jr - Youths
6. Chief Bola Ige - Justice
7. Dora Akunyili - NAFDAC
8. Oby Ezekwesili - Education
9. Chukwuemeka Chikelu -Information & Orientation
1. NOI - economy
2. Soludo - Banking
3. Tonnie Iredia - NTA
4. Prof Jerry Gana - NOA
5. Frank Nweke Jr - Youths
6. Chief Bola Ige - Justice
7. Dora Akunyili - NAFDAC
8. Oby Ezekwesili - Education
9. Chukwuemeka Chikelu -Information & Orientation
10. Obasanjo was never perfect, but no one could have steered the ship better in 1999, after the tumultuous Military era
The revisionism won’t take away his sleep, nor accolades. OBJ doesn’t get that much credit, but No one, I repeat, No President come close to his achievements.
The revisionism won’t take away his sleep, nor accolades. OBJ doesn’t get that much credit, but No one, I repeat, No President come close to his achievements.
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