Friday, May 25, 2018

Gen. Sani Abacha's Military Regime Achieved More than 16 Years of the PDP

Did you know that the military regime of the late Gen. Sani Abacha ( September 20,  1943 – June 8, 1998.) achieved more for Nigeria than the 16 years of the administrations of the People's Democratic Party (PDP)?

His regime built the biggest and largest LNG complex in the third world presently with a fleet of 23 ships and the Nigeria LNG paid US$5.5 Billion in taxes to Federal Government.
The Nigeria LNG RAs are the most advanced and developed residential areas in West Africa with 24 hours power supply; with the safest drinking water and the streets are vacuum cleaned by big  vacuum cleaners every day.

In the space of four years (1993 to 1997), the country's foreign exchange reserve rose from US$494 million to US$9.6 billion.
The external debt of the country was reduced from US$36 billion in 1993 to US$27 billion in 1997.

His regime reduced theInflation rate of 54% inherited from Gen. Ibrahim Badamasi Babangida to 8.5% between 1993 and 1998.

All these were achieved at a time when the price of crude oil was at an average of US$15 per barrel.

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