In an interview with Channels Television, the former President who turned 80 over the weekend said he foresaw the current situation and demanded that funds be saved for rainy days but governors refused.
“The economy then was going up and down and were we behaved stupidly was that he did not bear in mind that there will be a rainy day. In trying to save for rainy days I said let me get debt relive because we were spending almost $3bn to service debt and it was not going down.
“Then I demanded we save the money we realised about what we budget that we will sell oil, but the then governors said no, I however insisted, that’s not the way to go, keep it for a rainy day and we created the “Excess Crude” account.”
“State governors will come asking we share the money after all it belongs to all of us and I refused saying we must save for rainy days but they insist.
BABA THAT WAS IN THE PAST NOW, WHAT IS THE WAY FORWARD NOW?
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