Past mismanagement destroyed economy, says government

Written by on December 14, 2015

The Federal Government said yesterday said the poor state of the country’s economy is the direct consequence of its mismanagement and the looting of the national treasury under the immediate past administration. Segun Adeyemi, the senior adviser to Minister of Information and Culture Alhaji Lai Mohammed, said this in a statement issued yesterday in Abuja.

Past mismanagement destroyed economy, says govt

The statement stressed that the nation’s economic challenge, especially the depreciation in the naira exchange rate, should not be blamed on “any so-called mismanagement by president Buhari’s administration”. This followed Deputy Senate President Ike Ekweremadu’s comments over the “downward slide” of the nation’s economy.


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