The federal government has explained why late General Sani Abacha was among those who received the centenary award for 100 Nigerians In the programme of the Centenary Honours Award, the federal government said he was a Nigerian soldier and politician who served as the de-facto President of Nigeria from1993 to 1998.
According to the government, Abacha’s regime was one of the most controversial in Nigeria’s history. His regime became the first to record unprecedented economic achievements.
The federal government also said Abacha oversaw an increase in the country’s foreign exchange reserves from $494 million in 1993 to $9.6 billion by the middle of 2997, reduced the external debt of Nigeria from $36 billion in 1993 to $27 billion in 1997.The government noted that he brought all the controversial privatisation programmes of the Babangida administration to a halt, reduced an inflation rate of 54 per cent inherited from Babangida to 8.5 per cent between 1993 and 1998, while the nation’s primary commodity, oil, was at an average of $9 per barrel.
Abacha’s administration was also said to be credited with creating the most comprehensive and realistic blueprint for Nigeria’s development through Vision 2010 committee chaired by his predecessor, Chief Ernest Shonekan
Source: National Mirror
According to the government, Abacha’s regime was one of the most controversial in Nigeria’s history. His regime became the first to record unprecedented economic achievements.
The federal government also said Abacha oversaw an increase in the country’s foreign exchange reserves from $494 million in 1993 to $9.6 billion by the middle of 2997, reduced the external debt of Nigeria from $36 billion in 1993 to $27 billion in 1997.The government noted that he brought all the controversial privatisation programmes of the Babangida administration to a halt, reduced an inflation rate of 54 per cent inherited from Babangida to 8.5 per cent between 1993 and 1998, while the nation’s primary commodity, oil, was at an average of $9 per barrel.
Abacha’s administration was also said to be credited with creating the most comprehensive and realistic blueprint for Nigeria’s development through Vision 2010 committee chaired by his predecessor, Chief Ernest Shonekan
Source: National Mirror
