₦airaland Forum

Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,189,154 members, 4,773,291 topics. Date: Thursday, 21 February 2019 at 12:48 PM

Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola (34028 Views)

Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola / Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola / Ambode Accepted Defeat To Avert Impeachment - Punch (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)

Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by Binikingdowm: 5:45pm On Oct 26, 2018
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.

https://www.premiumtimesng.com/news/top-news/292657-jonathan-accepted-defeat-in-2015-due-to-imminent-recession-fashola.html

26 Likes 5 Shares

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by Binikingdowm: 5:48pm On Oct 26, 2018
Lalasticlala mynd44

3 Likes

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by Earthbound(m): 5:50pm On Oct 26, 2018
Him and his wife ended up with their net worth more than $50 billion combined.


That's the real reason he accepted defeat in good faith.

57 Likes 5 Shares

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by Binikingdowm: 5:50pm On Oct 26, 2018
I think there's a special weed in APC that Buhari gave his members

546 Likes 35 Shares

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by zombieTRACKER: 5:52pm On Oct 26, 2018
I think fashola needs help...

His utterances lately reeks of super cluelessness

433 Likes 28 Shares

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by rusher14: 5:54pm On Oct 26, 2018
Fashola is very correct.

The thing tire Jonah.

51 Likes 11 Shares

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by Dgoz(m): 5:54pm On Oct 26, 2018
I thought this government have banned codeine?

416 Likes 29 Shares

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by chomchom1(f): 5:57pm On Oct 26, 2018
Failed on arrival Party

317 Likes 22 Shares

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by nnachukz(m): 5:58pm On Oct 26, 2018
So if he had won, he would have given it to Buhari? Or will the obvious coming recession disappear? Or are you codedly telling us that Buhari won't accept defeat?
I thought they said this guy is a Lawyer? Hmmm
His utterances of recent are not in synch with that claim. Lawyers are brilliant people.

357 Likes 23 Shares

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by Kingosytex(f): 5:59pm On Oct 26, 2018
Buhari's jazz dey very powerful. it can turn a sensible person to a very senseless fellow.

286 Likes 14 Shares

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by jumpandpas(m): 6:01pm On Oct 26, 2018
To think that this orphaned earthworm is a SAN baffles me.

129 Likes 8 Shares

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by tayebest(m): 6:05pm On Oct 26, 2018
Hehe. cheesy
Fashola for president 2023! cool

14 Likes 2 Shares

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by Smily202(m): 6:15pm On Oct 26, 2018
Finally Fashola don dey craze. He went tribal the other day. Today he's talking as a weed smoker. cool cool

194 Likes 10 Shares

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by deomelo: 6:18pm On Oct 26, 2018
zombieTRACKER:
I think fashola needs help...

His utterances lately reeks of super cluelessness



Okonjo-Iweala warns of economic recession

By Ben Agande Abuja — Minister of Finance and Co-ordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, has warned of a difficult time ahead as she told the Federal Executive Council meeting in Abuja, yesterday, that “government should buckle up and prepare for a possible recession” in the economy.

https://www.vanguardngr.com/2012/06/okonjo-iweala-warns-of-economic-recession/


Okonjo saw the numbers far back in 2012 and told us to get ready for recession.




EXCLUSIVE: Okonjo-Iweala opens up, says Nigeria economy in danger

June 14, 2013 Ogechi Ekeanyanwu

Minister of Finance, Ngozi Okonjo-Iweala

On Monday, June 10, at the third round of the 2013 ministerial platform in Abuja, Coordinating Minister for the Economy and Minister of Finance, Ngozi Okonjo-Iweala, spoke glowingly about the Nigerian economy, saying the fundamentals were strong and that the economy was buoyant beyond danger.

But a few hours later, on Tuesday, when all the doors were closed, the minister sang a different tune. She told her colleagues in government point blank that the Nigerian economy is shaky despite the official fundamentals and that drastic steps are needed to save it from collapse.

At Tuesday’s meeting, a presidency source said, the minister painted a gloomy picture of the economy and hinted that there was an urgent need for “stringent budgetary measures” to arrest the downward slide.


https://www.premiumtimesng.com/news/138723-exclusive-okonjo-iweala-opens-up-says-nigeria-economy-in-danger


Okonjo saw the numbers and screamed danger back in 2013

FG introduces austerity measures ON NOVEMBER 17, 20147:54 AM


By Emma Ujah, Abuja Bureau Chief ABUJA—The Federal Government, yesterday, introduced some austerity measures and scaled down the crude oil bench mark for the 2015 budget. In a bid to insulate the economy from falling crude oil prices the federal government announced far-reaching policy measures to deal with the crashing crude oil prices, cutting 2015 oil benchmark from $78 to $73 per barrel. Crude oil prices dropped to $77.76 per barrel, some cents below the $78 earlier proposed to the National Assembly as bench mark for the 2015 budget.

https://www.vanguardngr.com/2014/11/fg-introduces-austerity-measures/


Okonjo and Jona declared austerity measures in 2014 when oil was selling for $75/barrel.


We thank God she was not in charge when oil dropped down to $27/barrel.


Bottom line, Fashola was factual and right on the money, the economy was on life support between 2012 to 2015 when Nigerians kicked Jona out of office, in fact, he borrowed hundreds of billions to pay workers salary till his last month in office.

38 Likes 7 Shares

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by chriskosherbal(m): 6:21pm On Oct 26, 2018
Kingosytex:
Buhari's jazz dey very powerful. it can turn a sensible person to a very senseless fellow.
grin cheesy grin

3 Likes

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by fiercehillz(m): 6:27pm On Oct 26, 2018
Na so 12 demons leave Oshiomhole body come enter this man body.

GEJ don suffer sotay dem dey blame am 4 accepting defeat.


APC can reset your life, make you myopic and incompetent.

210 Likes 14 Shares

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by Sholaco: 6:27pm On Oct 26, 2018
Fasola badoo grin

5 Likes

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by dahmie2013: 6:28pm On Oct 26, 2018
Not far 4rm d truth.

4 Likes 2 Shares

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by Racoon(m): 6:28pm On Oct 26, 2018
Fashola must be a slowpoke.A government that handed the fastest growing economy in Africa? Well Buhari that landed Nigeria's first recession in 1984 but have to be booted out by IBB.He came back in 2015 to repeat the same feat.

120 Likes 6 Shares

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by Radiant1020(f): 6:28pm On Oct 26, 2018
This man should shut up jare

23 Likes

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by benedictac(f): 6:29pm On Oct 26, 2018
This one will nogoan face his dilapidated ministry. mtcheeeeeew. oversabi housewife.

16 Likes

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by Nobody: 6:29pm On Oct 26, 2018
Overated Fash smoking igbo

38 Likes 2 Shares

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by Nemesis001: 6:29pm On Oct 26, 2018
This man is gradually loosing it.

He is getting mad

45 Likes 1 Share

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by Kento4ken: 6:30pm On Oct 26, 2018
Na Jonathan be Una problem
Face ur problem..APC

44 Likes 1 Share

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by Abfinest007(m): 6:30pm On Oct 26, 2018
fashola is on codeine diet

42 Likes

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by Felixalex(m): 6:30pm On Oct 26, 2018
Hahahahhahahaha

Fashola is beginning to talk too much these days.

But why is it that everyone that once seemed intelligent and smart, since becoming associates with buhari started sounding very very stewpid? Chai

70 Likes 4 Shares

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by Volcano12: 6:30pm On Oct 26, 2018
Fashola is a mad dog,who doesn’t know what to say,and when to say it.Jonathan will continue to be their headache,period.

38 Likes 3 Shares

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by dust144(m): 6:30pm On Oct 26, 2018
Why didn't buhari allow jona continue?

21 Likes

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by bukynkwuenu: 6:30pm On Oct 26, 2018
I hope dullardeen of daura ...will concede defeat because of existing poverty

26 Likes

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by Obierika: 6:30pm On Oct 26, 2018
Shut up!

Idiot!!!

18 Likes

Re: Jonathan Accepted Defeat In 2015 Due To Imminent Recession — Fashola by mywells: 6:30pm On Oct 26, 2018
your name will be engraved in my street. Good luck Jonathan

16 Likes

(1) (2) (3) (4) (5) (6) (7) (Reply)

Aisha Buhari In Jefferson Bribery Scandal Not President Buhari’s Wife — Ex-efcc / Nnamdi Kanu's Mother In Court As Her Son's Trial Resumes Today. Photos / Army Recovers Shekau’s Qur’an, Flag In Sambisa

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (0) (1) (2) (3) (4) (5) (6) (7) (8) (9)

Nairaland - Copyright © 2005 - 2019 Oluwaseun Osewa. All rights reserved. See How To Advertise. 82
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.