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My Administration One of the Best – Obasanjo

Former President Olusegun Obasanjo has declared his administration one of the best Nigeria has experienced.

Speaking in Abeokuta on June 18 at the Safe Online Youth Fellowship Bootcamp organized by NerdzFactory Company and supported by Meta, Obasanjo reflected on the significant achievements of his presidency from 1999 to 2007. The event was held at the Youth Development Centre, part of the Olusegun Obasanjo Presidential Library (OOPL).

Obasanjo highlighted his success in freeing Nigeria from substantial debt, a key accomplishment of his tenure. He also expressed pride in the country’s 25 years of uninterrupted democracy, which began during his presidency in 1999.

He said: “When I came in as elected President, I wanted to get debt relief because we were spending $3.5 billion every year servicing debt and the quantum of the debt was not going down. Today, I can say that I made Nigeria better than I found it from an economic perspective.

“I found $3.7 billion in the reserves and we were spending $3.5 billion to service our debt. By the time I left, we had a debt of about $36 billion with the debt relief, and I left with a debt of $3.6 billion. Also, I left a reserve of over $50 billion. I also achieved excess crude for the country worth over $25 billion.”

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