Past administration messed up Nigeria's Economy - Fashola
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Past administration messed up Nigeria’s Economy – Fashola

Ehis Austine




Minister of Power, Works and Housing, Babatunde Fashola, has blamed the past administration for the retrogressive nature of the nation’s economy.

The former Lagos State Governor stated this at the Lafarge Road Construction Summit in Lagos, where he revealed that the Nigeria wouldn’t have been going through economic recession if the economy was well managed by the previous government.

“There have been various comments about who and what caused the recession, I think that Nigerians know the answer to that, no matter how vehemently that debate goes on,” Mr. Fashola said.

“All I need to say at this time is that if the previous managers of the economy were doing well, the Nigerian electorate would not have relieved them of their jobs in the last general election because a recession does not happen overnight.

“There have also been questions about what the exit of the recession means to the ordinary Nigerian and this for me is the important question; because, even when the economy was growing at 5%-7%, the complaint was that it was a non-inclusive growth.

Growth was largely oil-driven, and sectors like industries, mining and construction had been in the negative since 2014.”

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Updated on February 8, 2019 at 11:56 am

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