Okonjo Iweala: “Those accussing us of being responsible for the recession sabotaged our plans to save”

The immediate past Minister of Finance, Dr Ngozi Okonjo-Iweala has expressed regrets over the allegations and consistent blames by the Buhari administration that they were responsible for the current hardships faced by Nigerians as a result of the prevailing economic recession in the country.

The Buhari’s government has openly and repeatedly accused the past administrations of bad economic policies, reckless spending, and tolerance for corruption. 

However, the ex minister in a reaction said it is unfortunate that those raising accusing fingers at them were the very ones who vehemently opposed the efforts made by the last administration to save for rainy days. 

She said, “I’m really surprised that those who strongly opposed our plans for savings, were able to summon the courage to accuse us of mismanaging the nation’s economy.

“It is on record that the last administration was very transparent and sincere with Nigerians on issues relating to the economy. Seeing the danger ahead, many calls were made for the country to save for the rainy day – calls which I believe are still fresh in the minds of Nigerians. 

“However certain governors strongly criticised and opposed all efforts made by the Jonathan administration to save in the Excess Crude Account and the Sovereign Wealth Fund. 

“It will be recalled that these Governors even took the Jonathan government to the Supreme Court in furtherance of their position that the Federal Government had no right to ‘compel’ them to save.

“The facts are there that efforts were made, but were sabotaged by opposition. It therefore does not make any sense to blame the past administration for the current economic crisis in the country.

“I’ll advice the Buhari administration to focus on getting the economy back on track instead of shifting blames which will do no good to the situation at hand

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