Former Pres. Olusegun Obasanjo today took another swipe at the administration of Pres. Jonathan, accusing him and his government of depleting Nigeria's oil savings which according to him was at $45billion when he left office and had depreciated over time to $30billion. He made the accusations while receiving some South-West women leaders at his residence in Abeokuta, earlier today
"Our economy should not have been this bad. When I was leaving office about eight years ago, I left a very huge reserve after we had paid all our debts. Almost $25billion we kept in what they called excess crude. The excess from the budget we were saving as reserve for the rainy days. When we left in May 2007, the reserve was said to have been raised to $35billion. But today, that reserve has been depleted!