INDEED AN HERO. His regime became the first to - TopicsExpress

Collins Ebahenhen

INDEED AN HERO. His regime became the first to record unprecedented economic achievements: he oversaw an increase in the countrys foreign exchange reserves from $494 million dollars in 1993 to $9.6 billion by the middle of 1997, reduced the external debt of Nigeria from $36 billion in 1993 to $27 billion by 1997, brought all the controversial privatization programs of the Babangida administration to halt, reduced an inflation rate of 54% inherited from Ibrahim Badamasi Babangida to 8.5% between 1993 and 1998, all while the nations primary commodity, oil was at an average of $9 per barrel. His administration is also credited with creating the most comprehensive and realistic blueprint for Nigerias development through the Vision 2010 committee chaired by his predecessor Ernest Shonekan.Abacha also developed ties with some American political figures such as Senator Carol Mosley Braun, Rev. Jessie Jackson and Minister Louis Farrakhan. Several African American political leaders visited Nigeria during his reign and Farrakhan supported his administration. General Abacha is credited with restoring Nigerias standing as an African Power when he twice ordered the Nigerian Military to Intervene and restore the civilian and Democratic governments of Sierra Leone and Liberia after a series of Military Coups in both countries..

Posted on: Sun, 06 Apr 2014 06:53:22 +0000

INDEED AN HERO. His regime became the first to - TopicsExpress

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