Spokesman for the President Buhari Campaign Organisation, Festus Keyamo has said the current administration is not to be blamed for the current recession ravaging the nation.
Keyamo made this known while appearing as a guest on Channels Television’s breakfast show today where he said, “nobody should wake up because of political reasons and say that it was when this government came on board that we slipped into recession”.
According to Keyamo, President Muhammadu Buhari inherited the recession from the previous administration in 2014.
“At the point of handover in 2015, 24 states were almost bankrupt and could not pay salaries. Federal Government was borrowing to pay salaries at that point. The naira had begun the downward slide and at the time they handed over, it was N225 to a Dollar. So these are clear indices that there was something wrong and that we were headed to the bottom of a slope” he said.
Keyamo’s came up with this defence following former Vice President of the World Bank, Mrs Oby Ezekwesili blaming Nigeria’s recession on the failure of this current administration to initiate good economic policies.