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28 Sep 2016

Recession Obasanjo suggests 3 ways to end economic situation

Former President Olusegun Obasanjo has given the Federal Government three options on way out of the current economic recession.

Blaming the past administration led by ex-President Goodluck Jonathan for the current recession, Obasanjo said the FG must spend less, endeavour to earn and also borrow to get out of the current economic hardship.
The three options are we have to spend less, we must endeavor to earn and then the last one is to borrow, and this if we must, we do it fast and now. “
However, Obasanjo cautioned the Federal Government against doing the bidding of the World Bank and International Monetary Fund.
The ex-President further made some shocking revelation saying that the ban on the importation of toothpick was reversed by the Jonathan administration.

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