Connect with us
Categories:

News

Why Jonathan Handed Over To Buhari In 2015 – Fashola

The Terrorist!

Published

on

The Minister for Power, Works and Housing, Babatunde Fashola has disclosed why former President Goodluck Jonathan conceded defeat to President Muhammadu Buhari in 2019.

Fashola, a former governor of Lagos State said Jonathan conceded defeat because he knew Nigeria was at the brink of economic recession.

Speaking at a Town Hall meeting in Ibadan, Oyo State, Fashola claimed that Jonathan never wanted to be in charge of the country’s affairs during recession, hence he relinquished power.

He maintained that Jonathan’s government not only plunged the nation into recession but pushed it into debts.

READ ALSO  Bishop Osama insists that Nigeria not matured for state police [See Reasons]

According to Fashola, ”What was left behind were massive debts owed to contractors who had not been paid for three to five years and who had laid off thousands of workers and shut down equipment and plants.

”That was one of the reasons why the economy first went into, and, I suspect, one of the reasons they (Goodluck administration) quickly conceded defeat.”

Fashola disclosed that when the Buhari administration assumed office in 2015, the three ministries previous budget was N19 billion for works, N5 billion for power, and N1.2 billion for housing making a total of N25.2 billion, “as at when the country was selling oil at $100 per barrel in that decade”.

READ ALSO  Lagos State Government Should Provide Land For Housing - Babatunde Raji Fashola

“In 2017, the All Progressive Congress (APC) led administration budget for works was N394 billion; power was N69.96 billion and housing was N64.9 billion (total- N529 billion) and oil price hovered between $40-$60 per barrel.

”Let me start by saying that my ministry is responsible for delivering some of Nigeria’s critical infrastructure for transport, electricity and housing,” he added.

Receive Alerts On: Facebook: @AllNaijaEntertainment, Twitter: @AllNaijaEntertainment

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Join Us

You May Also Like

css.php