Spokesman for the President Buhari Campaign Organisation Festus Keyamo, has said the current administration is not to be blamed for economy thrown into recession.
Keyamo spoke today speaking on Channels Television’s breakfast show and he said, “nobody should wake up because of political reasons and say that it was when this government came on board that we slipped into recession”.
He also said…
“At the point of handover in 2015, 24 states were almost bankrupt and could not pay salaries. Federal Government was borrowing to pay salaries at that point. The naira had begun the downward slide and at the time they handed over, it was N225 to a Dollar. So these are clear indices that there was something wrong and that we were headed to the bottom of a slope” he said.
Keyamo’s defence was in reaction to comments made a former Vice President of the World Bank, Mrs OEzekwesili, who blamed Nigeria’s recession on the failure of this current administration to initiate good economic policies.