President Buhari Shifts Blame Game To Babangida, Says He is to Blame for Poor Performance of the Naira

Just when we thought we had heard it all from President Buhari who until now has blamed former President, Goodluck Jonathan for all the woes the country is passing through I.e Power outages, unemployment, corruption and so many others. There seems to be light at the edge of the tunnel for GEJ as PMB makes a dramatic turn around.

President Muhammadu Buhari on Friday revealed that the Structural Adjustment Programme, SAP, by onetime military President, Ibrahim Badamosi Babagida, IBB, killed the naira.

Speaking with the BBC, Buhari traced the origin of some of the problems facing the country’s currency to IBB’s regime.

IBB had in 1986 and 1988 instituted SAP which is said to have been responsible for the downward trend of the naira.

” I went through the devalue in 1984, its SAP that killed the naira,

“I have asked the Governor of Central Bank and others to sit and see if they can convince me to murder the naira,” Buhari said.

IBB had in 1986 and 1988 instituted SAP which is said to have been responsible for the downward trend of the naira.

SAP is a loan provided by the International Monetary Fund, IMF, and the World Bank to countries facing economic turmoil.




Edited from kelvin Djapkor blog