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Jonathan: I'm not responsible for Nigeria's poor economy

06 June 2016, 15:50Israel Ojoko

London - Former President Goodluck Jonathan has refused to take responsibility for the poor state of the economy under his administration.

Nigeria is in a poor economic state, with an increase in petroleum and other commodities being consumed by the populace.

Speaking on Monday at a forum in Bloomberg’s European headquarters in London, Jonathan refused to take responsibility when asked whether he feels liable for what happened under his watch.

Also see: PHOTOS: Goodluck Jonathan spotted at Heathrow Airport

“No no no no, the economy of Nigeria somehow depends on oil, and at any time that oil prices drop, it affect the economy significantly. Even though in terms of contribution to GDP, the oil sector contribute just about 15 percent, but in terms of government revenue, it contribute almost 80 percent.

“So at any time the oil prices come down, and now even the production is coming down because of the activities within the Niger Delta, so definitely it affects the country but this is not the first time government is experiencing drop in oil prices. Even before I left, oil prices started coming down drastically.

Jonathan, who in January 2014, signed into law the anti-gay Bill which outlaws same sex marriage, gay groups and public displays of affection by homosexuals, also said Nigeria may revisit the law as the call for equal right grows, Daily Post reports.

It would be recalled that News24 reported that Nobel laureate Prof Wole Soyinka blamed immediate past administration of Goodluck Jonathan for the current economic crisis rocking the country,

According to Soyinka, “This (Buhari) administration has inherited a heavy baggage. While I am critical in some aspects of the priority, I think that to clear up the mess left by previous administrations is going to take quite a while, especially in the economy sector. So, I don’t use words like optimism or pessimism; I’m just pragmatic. I look at what is on the ground and, of course, wherever I can intervene, I do both privately and publicly.”

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- News24


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