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Buhari Has Performed Better Than Obasanjo, Says BMO

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The Buhari Media Organisation (BMO) has advised former President Olusegun Obasanjo to confess that President Muhammadu Buhari has completed what he did not do because the country’s helmsman.

BMO said the present administration had carried out credibly in diversifying the nation’s economy.

In a press release signed by its chairman, Niyi Akinsiju and secretary Cassidy Madueke, BMO said that the previous president must be reminded that he didn’t build a resilient economy when he had the opportunity to take action.

The assertion reads in half: “Now, he claims Buhari ‘does not understand the economy’ and we marvel how somebody who couldn’t use the oil growth that Nigeria loved under his administration to build a more structured economy than what we had all through the PDP years. This is so hypocritical.

“This is the same man who presided over an 8 per cent decline in financial progress from 15 per cent in 2002 to 7.35 per cent in 2003 and 6.59 per cent by the time he handed over in 2007.

“Conversely, it was President Buhari who stemmed the tide of 4 consecutive PDP-era GDP contractions between Q2 2014 and Q2 2015, and set the country on the trail of progress with a more resilient and diversified economy from Q3 2015.

“We dare to say that many analysts, with correct knowledge of economics, have continued to specific shock that the Nigerian economy recorded a seventh consecutive quarter of GDP progress because the recession in Q3 of 2020 at a interval of a sustained international hunch.

“But for us, it is a reflection of the policies put in place by the Buhari administration, even before COVID-19 struck, that were targeted at weaning the country off its overdependence on crude oil, something former President Obasanjo failed to do.”

BMO said what did he bequeath to Nigeria past living off oil proceeds with no thought for correct financial diversification, and poor infrastructure with no legacy mission?

It said many Nigerians have said the only Obasanjo period diversification was the one which grew his farm and added a college, amongst others, to his non-public companies.

BMO said he now dares to deride a President on whose watch, the non-oil sector is usually contributing over 90 per cent to GDP progress.

“As for foreign affairs, former President Obasanjo must be envious of the way leaders across the world are treating President Buhari with the regards he expected to have been reserved for only him alone,” the assertion said.

BMO urged Nigerians to be cautious of the previous president’s holier-than-thou stance on nationwide points.

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