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Jonathan accepted defeat in 2015 due to imminent recession — Fashola - Edoman - 10-26-2018
Jonathan accepted defeat in 2015 due to imminent recession — Fashola
October 26, 2018Kunle Sanni
[img=309x0]https://i1.wp.com/media.premiumtimesng.com/wp-content/files/2017/02/Babatunde-Raji-Fashola.jpg?fit=860%2C478&ssl=1[/img]Minister of Works, Power and Housing, Babatunde Raji Fashola
The Minister for Power, Works and Housing, Babatunde Fashola, has said former President Goodluck Johnathan only conceded defeat after the 2015 elections because he knew the nation would witness economic recession soon.
Mr Jonathan, before the announcement of the final results, in a move that shocked many political pundits, conceded defeat to the current president, Muhamadu Buhari, after a keenly contested polls.
That was the first time an incumbent would be losing the top seat (and conceding victory) to an opposition party in Nigeria.
Mr Jonathan has been celebrated globally for his action, which many believe saved the country from political turmoil.
The economy plunged into recession shortly after in 2015. The recession raged in 2016 and through late 2017 when the nation then emerged from it.
However, Mr Fashola, a former governor of Lagos State, said on Thursday at a South-west town hall meeting that Mr Jonathan only relinquished power because he wanted to avoid being at the helm of affairs during the recession.
The meeting was organised by the Minister for Information, Lai Mohammed, and held at the Emeritus Professor Theophilus Ogunlesi Hall, opposite University College Hospital, Ibadan, Oyo State.
Mr Fashola at the meeting also said the Goodluck government not only plunged the nation into recession but pushed it into debts.
”What was left behind were massive debts owed to contractors who had not been paid for three to five years and who had laid off thousands of workers and shut down equipment and plants.
”That was one of the reasons why the economy first went into, and, I suspect, one of the reasons they (Goodluck administration) quickly conceded defeat,” Mr Fashola said.
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He explained that when the present administration assumed office in 2015, the three ministries previous budget was N19 billion for works, N5 billion for power, and N1.2 billion for housing making a total of N25.2 billion, “as at when the country was selling oil at $100 per barrel in that decade”.“In 2017, the All Progressive Congress (APC) led administration budget for works was N394 billion; power was N69.96 billion and housing was N64.9 billion (total- N529 billion) and oil price hovered between $40-$60 per barrel.
”Let me start by saying that my ministry is responsible for delivering some of Nigeria’s critical infrastructure for transport, electricity and housing,” he added.
According to him, President Buhari has shown seriousness in providing adequate infrastructure to support the country.
”In a country where the population is growing faster than the infrastructure, the difference between these budgets must tell you that this government is more serious about providing infrastructure to support you.
”Another feature of the difference between these two budget sizes is that the last government was spending less on infrastructure for almost one decade when oil prices stayed at $100 per barrel during that decade. This government is spending more on infrastructure when oil prices largely hovered between $40-$60,” he said.
He urged Nigerians to make the right choices in the next election “either to vote in a government that spends more on infrastructure or a government that spent less on infrastructure”.
”So, if you need more roads, more bridges, more power, more housing and the job opportunities and prosperity that their delivery will bring, your choice in the next election should be easier.
”Don’t go back to a budget of N25.2 billion for infrastructure, move forward with a budget for infrastructure which has grown to N529 billion in 2018.
”So, in making your choice, please consider who is the better manager. The one who did less with more or the one who did more with less.
[img=0x0]https://cat.nl.eu.criteo.com/delivery/lg.php?cppv=1&cpp=PbMxAHxiYThIR1ljb1NLSjNtbzRnRW52djZxVGhrTkc3T2kzeHkzZ2ZOSDVOZDcyR1oxVnMzQ0d4Q2lENHN3VmtUaUtBc3YzMFlOeWFjU2JHaWNpTXN4cmRPdmQxVVlLNFd4MGNLanJGdkMxczg0MmtmWG0xWmEwVVBTa0lsakJsZnkwUVdVbkUvRWZ5SCsvYUM4SGxUSU82cTBTdmZoRXVsc0RBcTBpUVRCRVBMUzBnbm1Ya3FQdW5LOWxnWmN4SWRIdWd3eGpJc3dTY1haVkQ3cXBURUhjb3IrOCtFdkhsZXdyUVUwMEhqYlZmVUM2NnAwdXhwNElYVjg1eFJPNi9NYTVlfA%3D%3D[/img]
”Again I urge you to reflect. Do you want to go back to doing less with more, or move forward with doing more with less?”https://www.premiumtimesng.com/news/top-news/292657-jonathan-accepted-defeat-in-2015-due-to-imminent-recession-fashola.html
RE: Jonathan accepted defeat in 2015 due to imminent recession — Fashola - Edoman - 10-26-2018
Come, Does APC take away a man's sense? Has recession stopped people from fighting to get into public office? Osun state is poor as fack, owing billions and yet APC and PDP were killing themselves to become governor. Now a president that has access to borrow trillions and knowing crude price goes up and down and that any unrest in the Middle East could raise the price to over a hundred per barrel and knowing it will always stabilize to 80 dolars per barrel as it has been for a while, and yet this Fashola is talking idiocy that it is coming recession that made Jonathan concede defeat?
Why does Fashola hate Jonathan so much that he is ready to disgrace himself and appear so foolish just to do it? First he said NEPA/ power problem can be solved in 6 months, Now he is saying that the reason a honourable man like Jonathan conceded was because of recession, same Jonathan and PDP that did their honest best to win.
What an idiot.
By Ena Ofugara
RE: Jonathan accepted defeat in 2015 due to imminent recession — Fashola - Edoman - 10-27-2018
''fashola Focus On Buhari's WAEC'' - Reno Omokri Says
The Minister of Power, Works and Housing, Babatunde Fashola, has said former President Goodluck Johnathan only conceded defeat after the 2015 elections because he knew the nation would witness economic recession soon.
The Former Aide to President Goodluck Jonathan took to his twitter account to support his former and tell the Minster to focus on buhari's WAEC result.
See tweet below...
Quote:1-I am surprised that rather than help @MBuhari, look for his invisible WAEC certificate (allegedly been ‘kidnapped’ by the army), @tundefashola, persists in slandering @GEJonathan, saying he only conceded 2015 elections due to the impending recession #FasholaFocusOnBuharisWAEC[size=undefined]
2-@tundefashola knows there was no ‘impending recession’ at any time when @GEJonathan was President. What was on the horizon, was economic boom as evidenced by CNNMoney which projected Nigeria as the third fastest growing economy in the world in 2015 #FasholaFocusOnBuharisWAEC
3-@tundefashola knows ex President Jonathan handed over a robust economy to @MBuhari, with a single digit inflation rate (it is now double digit), a Petrol Pump Price of ₦87 (it is now ₦145) and a Naira valued at ₦199 to $1 (it is now ₦365 to $1) #FasholaFocusOnBuharisWAEC
4-@tundefashola is aware economic conditions under Jonathan was much better than today. @Gallup polls rated Nigeria under Jonathan as the 'happiest nation on earth". Today, the World Economic Forum rates Nigeria world headquarters for extreme poverty #FasholaFocusOnBuharisWAEC
5-@tundeFashola knows that Nigeria’s 1st recession in 25 years occurred under Buhari because he took 6 months to appoint his cabinet. Even at that, he ended up appointing inept certificate forgers to handle a sensitive ministry like the finance ministry #FasholaFocusOnBuharisWAEC
6-Furthermore, the utterances by @tundefashola’s boss, when he went abroad, only demarketed the economy and trigger capital flight. If Buhari was not telling the world all Nigerians were corrupt, except him, he was saying that Nigerian youths are lazy #FasholaFocusOnBuharisWAEC
7-I remind @tundefashola that on July 12, 2014, he said “the only way you and I will have electricity in this country is to vote out the PDP.” Mr Fashola is fond of denying his statements. I remind him he cant deny this one because it was caught on tape #FasholaFocusOnBuharisWAEC
8-@OfficialPDPNig is no longer in office and @tundefashola has been minister of power for over three years, yet the power situation has not improved. Yet, Fashola continues to dance Unclad in the market and blame Dr. Jonathan for what his bad gang caused #FasholaFocusOnBuharisWAEC
9-Reno Omokri Bestselling author of Facts Versus Fiction: The True Story of the Jonathan Years, and other books. Avid traveller. Tormentor of @MBuhari and the APC. #FasholaFocusOnBuharisWAEC
Source: https://www.dailynaija.com/post/fashola-focus-on-buharis-waec-reno-omokri-says[/size]