Imminent Recession Made Jonathan To Quickly Accept Defeat In 2015 – Fashola

Babatunde Fashola

Babatunde Fashola, the Minister for Power, Works and Housing, has opined why former President Goodluck Jonathan quickly conceded defeat when he sensed that he has been defeated in the 2015 presidential election.

Mr Jonathan who sought a second term in office during the 2015 presidential election conceded defeat even before the final results of the election was announced.

While the announcement was on, the former Nigerian leader placed a call to Muhammadu Buhari, his then opponent and major challenger in the election, congratulating the latter in the process for emerging victorious at the poll.

The action of Jonathan shocked his political party, allies and Nigerians in general. He has been commended globally for calming the politically tensed atmosphere during the exercise and handing over government peacefully.

Shortly after he stepped down in 2015, the economy of the country dived into recession only to come out of it in 2017.

Opining why the former president stepped down, the minister said he did so to avoid being at the helm of affairs while the country was warming up to go into the imminent recession.

”What was left behind were massive debts owed to contractors who had not been paid for three to five years and who had laid off thousands of workers and shut down equipment and plants,” Mr Fashola was reported by Premium Times to have said on Thursday while speaking at a South-west town hall meeting organised by by the Minister for Information, Lai Mohammed.

The meeting held at the Emeritus Professor Theophilus Ogunlesi Hall, opposite University College Hospital, Ibadan, Oyo State.

“That was one of the reasons why the economy first went into, and, I suspect, one of the reasons they (Goodluck administration) quickly conceded defeat,” he added.

Fashola said the administration of President Buhari has done so much with the little resources that has accrued to it.

“In a country where the population is growing faster than the infrastructure, the difference between these budgets must tell you that this government is more serious about providing infrastructure to support you.

”Another feature of the difference between these two budget sizes is that the last government was spending less on infrastructure for almost one decade when oil prices stayed at $100 per barrel during that decade. This government is spending more on infrastructure when oil prices largely hovered between $40-$60,” he said.

Fashola urged Nigerians to make the right choices in the next election “either to vote in a government that spends more on infrastructure or a government that spent less on infrastructure”.

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