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BUHARI AND ECONOMY IN RECESSION: Money traced to some PDP chiefs can fund forex for months – Gov Badaru

I believe the Federal Government has done remarkably well considering the situation we found ourselves in after we were sworn-in on May 29, 2015. People tend to forget that the economic downturn actually started manifesting in 2014 due to a growing mismatch between the profligate and reckless spending of the previous government fueled by high oil prices and the resultant shock to the system when prices started to fall. Nigeria’s case was worsened by the fact that with the falling oil prices, our production targets were affected by militant activities in the Niger Delta and outright theft of the nation’s crude on a massive scale perpetrated with the full backing of government officials.

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