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Nigeria under Buhari facing worst economic recession – Gowon Cries Out

Twenty four hours after former President Olusegun Obasanjo's bombshell on President Muhammadu Buhari, another ex-Head of State, General Yakubu Gowon, yesterday, lambasted the President by saying that the country under the present administration is facing the worst economic recession in history.
General Yakubu Gowon
Former Head of State, General Yakubu Gowon
According to online sources, General Gowon, who spoke in Abuja at a one-day public lecture, organised by the Centre for Democratic Governance in Africa (CDGA), called on Nigerians to support PresidentBuhari’s bid to fathom a way out of the recession.


He blamed past mal-administration for the country’s current economic problems, and said “the drop in the flow of oil money into the economy triggered an avalanche of imported consumer goods which have virtually killed domestic production.”

ALSO READ: Stop excuses, do your job, Obasanjo tells Buhari

Represented by his younger brother, Mr. Dauda Gowon, the former military leader also added: “I believe the troubles we have gone through, over the past few years, have helped Nigerians to see more clearly the difference between a self-sustaining economy and one that relies totally on a wasting asset such as oil.

ALSO READ: Buhari Served Under Me In The Military, He’s Never Good In Economy — Obasanjo

“As we speak, we have on our hands one of the deepest and most troubling economic recessions ever to plaque Nigeria. We have also seen the extent to which corruption has made good governance virtually impossible. It has rendered public institutions, including regulatory and judicial agencies sterile.”

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