Obasanjo, Yar’Adua, Jonathan lacked political will to move economy –Minister

Minister of State for Budget and National Planning, Zainab Ahmed, yesterday said the Olusegun Obasanjo, Yar’Adua and Jonathan administrations had good economic plans, but lacked the political will to implement them.
Speaking at the second Presidential Economic Communication workshop in Abuja, Ahmed said President Muhammadu Buhari has started concrete plans to get the country out of recession.
She said one of the steps was “growing non-oil exports amid the competitive and comparative advantage created by the depreciation of the naira following the introduction of a market effective exchange rate”.
While stating that the government was working at reducing the 17.8 per cent inflation rate, she said there was an improvement in capital importation, which rose to 46 per cent in the second quarter of this year.
She said the government believed crude oil price might be low for a long time, so it was making plans to forestall further negative impact on the economy.

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Obasanjo, Yar’Adua, Jonathan lacked political will to move economy –Minister

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