Abacha grew Nigeria’s foreign reserves from N200m to $9b before he died – Fmr aide, Al Mustapha
Al-Mustapha said Abacha had revamped and stabilized Nigeria’s ailing economy before his demise.
Speaking at the 22nd commemoration of Abacha’s death in Kano, on Monday, Mustapha insisted that the late Head of State saved over $9 billion in foreign reserves before he died. He maintained that during the regime of the late Head of State, one dollar was sold at only N85, adding that there was no inflation despite all the problems and challenges confronting the government, then.According to the former presidential aide: “What Abacha has done to Nigeria can’t be forgotten in the annals of history and generations yet unborn.
“Abacha came in and found only N200m dollars in the foreign reserve but before his demise was able to revamp the economy and stabilise it to the extent that he saved over $9bn in foreign reserves. “Only God will reward General Sani Abacha for the laudable initiative he made in transforming this country to an enviable height.”
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Abacha’s Death, a Big Loss to Nigeria, Says Major Al-Mustapha - THISDAYLIVEBy Ibrahim Shuaibu Chief Security Officer to former Military Head of State, Late General Sani Abacha, Major Hamza Al Mustapha, has said that the death of the former military dictator is a big loss to Nigeria. Mustapha who spoke in Kano on Monday to mark the 22-year commemoration of Abacha’s death, said his late boss …
Read more »
Senator Abbo's aide nabbed for alleged impersonation, forgery - Daily Post NigeriaPersonnel Assistant to the Senator representing Adamawa North Senatorial district, Ishaku Elisha Abbo has been arrested by the Police for impersonation
Read more »
COVID-19 funds: NCDC, Foreign Affairs, Health Ministries get N5.6bn, N500m, N48bn - Daily Post NigeriaDirector-General of the Nigeria Centre for Disease Control (NCDC), Chikwe Ihekweazu, says the agency has received N5.620 billion for the fight against
Read more »
IG of Police issues directives to security agencies in Nigeria - Daily Post NigeriaNigeria's Inspector General of Police (IGP), Mohammed Adamu, has issued new operational guidelines for Police and other law-enforcement agencies. Adamu
Read more »
COVID-19: FG reveals when schools in Nigeria may reopen - Daily Post NigeriaThe Minister of State for Education, Emeka Nwajiuba, has said schools may reopen in Nigeria, when the ban on interstate travel has been lifted. Nwajiuba
Read more »
BREAKING: New MD of TCN, 4 others get appointment lettersThe Secretary to the Government of the Federation (SGF), Boss Mustapha, has issued letters of appointments to the Managing Director of the Transmission Company of Nigeria (TCN), Engr. Sule Ahmed Ab…
Read more »