Former Nigeria President Olusegun Obasanjo has revealed that the global oil price as at the time he became president was much lower than it is now, hence the need for the current administration to still find a breakthrough in making economic advances.
Speaking during an exclusive interview with an Online platform, Frisky Larr, former President Olusegun Obasanjo said he met a worse situation in the global price of crude oil when he took power in 1999, but made the best of it. He however reminded Buhari that unlike his administration that met a paltry $3.7 billion in the coffers, Goodluck Jonathan left behind a whooping $30 billion.
He was quoted as saying,
"When I assumed office in 1999, I inherited $3.7 billion in reserve, while Buhari met $30 billion, almost 10 times of what I met then, and the price of oil then was $9. When it got to $20, I was dancing.
"I know the price is down now and with time, it will jump up again. What Buhari is doing currently is preparing ground for Nigeria to take advantage when it goes up again."
Watch the interview below;
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