Atiku Abubakar, Nigeria’s former vice president, has said the current recession could have been avoided if President Muhammadu Buhari had heeded the advice given by him and other Nigerians.
Nigeria has entered its second recession in five years, according to the Gross Domestic Product (GDP) report published by the National Bureau of Statistics (NBS) on Saturday, November 21.
According to NBS, the GDP recorded a contraction of 3.62 percent in the third quarter of 2020.
In his reaction, Atiku said the recession could have been avoided if the President Buhari-led government had taken three key steps he advised.
1. Cutting the cost of governance
2. Saving for a rainy day
3. Avoiding profligate borrowing/prudent management of our economy
Atiku, however, admitted that the coronavirus pandemic exacerbated the country’s slide into the recession.