By Johnbosco Agbakwuru
ABUJA — The Presidency final night time accused former President Goodluck Jonathan of missing a transparent financial agenda throughout his administration of over 5 years, alleging that he ran the nation’s financial system aground.
In accordance with the Presidency, Nigeria’s present financial woes started beneath Jonathan’s authorities.
In an announcement issued by the Particular Adviser to the President on Data and Technique, Bayo Onanuga, the Presidency additionally warned Jonathan — described as a gentleman — to be cautious of these urging him to contest the 2027 presidential election.
The warning follows a current remark credited to Professor Jerry Gana, who mentioned the previous President would contest the 2027 election and ship President Bola Tinubu “again to Lagos.”
Whereas stating that Jonathan was free to affix the race, the Presidency maintained that Nigerians wouldn’t neglect what it described as his “abysmal efficiency in workplace.”
The assertion learn:“As we start the march in the direction of the 2027 elections prematurely foisted on the nation by the desperation of the opposition ganging up in opposition to President Bola Tinubu regardless of his obvious financial strides, we’re as soon as once more regaled with a cacophony of voices, most of them stuffed with sound and fury, signifying nothing — to paraphrase inimitable William Shakespeare in one in all his traditional works, Macbeth.
One current assertion that stands out in its absurdity is Professor Jerry Gana’s. The previous Minister of Data and Nationwide Orientation, transferring to draft former President Goodluck Jonathan into the 2027 presidential race, affirmed that the previous President would contest on the platform of the discredited Peoples Democratic Celebration (PDP), which left behind a legacy of financial wreck after 16 years of unhealthy governance.”
The Presidency additional dismissed Gana’s claims that Jonathan may defeat Tinubu, describing them as delusional.
It added:“We should always warning former President Jonathan to be cautious of the PDP’s sugar-coated cheerleaders. Politicians of Jerry Gana’s ilk merely wish to lure him into the race to fulfill their private, political, non secular, and ethnic pursuits. They’ll abandon him midstream, as they did in 2015, and depart Gentleman Jonathan within the lurch.
Don’t get us fallacious: President Jonathan reserves the best to run if he needs. It’s his inalienable proper. President Tinubu will wholeheartedly welcome him if he decides to enter the race. However Jonathan may have his day in court docket to find out whether or not, having been sworn in twice as president, he’s constitutionally eligible to contest and, if profitable, be sworn in for a 3rd time period.”
Onanuga careworn that Jonathan’s file would even be put to check earlier than Nigerians:
“We can not neglect in a rush how his regime, devoid of any clear financial agenda, engaged in frivolous spending, ran the financial system aground, and put the nation in dire straits. The downturn that President Tinubu is working very arduous to beat truly started beneath Jonathan.
In 2010, Jonathan inherited $66 billion — $46 billion in international reserves and $20 billion within the Extra Crude Account. By 2015, when he was voted out, reserves had fallen beneath $30 billion, and the Extra Crude Account was depleted to $2 billion, regardless of file oil revenues.
By December 2014, the Federal Authorities may not pay salaries, whereas not less than 28 states owed staff enormous arrears.”
The Presidency contrasted this with what it known as Tinubu’s “daring reforms” in workplace: “In simply over two years, President Tinubu has eliminated the ruinous gasoline subsidy, unified the alternate fee, and stabilised the financial system. GDP grew by 4.23% in Q2 2025, inflation dropped to twenty.12% in August 2025 — the bottom in three years — and international reserves now stand at $42.03 billion. Investor confidence has returned, the Naira has stabilised, and significant infrastructure tasks such because the Lagos-Calabar Coastal Freeway are underway.
In plain language, the nation has turned the nook. Nigerians are starting to reap the good points of Tinubu’s reforms. The PDP broke the financial system; President Tinubu is fixing it. Jonathan and others are welcome to the 2027 race, however Nigerians won’t permit them to return and run it down once more.”
The publish Jonathan ran Nigeria’s financial system aground – Presidency appeared first on Vanguard Information.
1 Comment
1h2mnd