Wednesday, June 8, 2016

GEN. SANI ABACHA LIVES ON



                                                                Late Gen. Sani Abacha        getty

 Sani Abacha (20 September 1943 – 8 June 1998) was a Nigerian Army general and politician who served as the de facto President of Nigeria from 1993 to 1998.


He was also a prominent figure in the 1983 Nigerian coup d'état which brought General Muhammadu Buhari to power in 1983, and the August 1985 coup which removed Buhari from power.When General Ibrahim Babangida was named President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria in 1985, Abacha was named Chief of Army Staff. He was appointed Minister of Defence in 1990. 

In 1990, Abacha became the first Nigerian soldier to attain the rank of a full General without skipping a single rank.

The Abacha administration became the first to record unprecedented economic achievements: he oversaw an increase in the country's foreign exchange reserves from $494 million 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 nation's primary commodity, oil was at an average of $15 per barrel.


1 comment:

  1. we miss you oo! at least dollar for no reach N100. Rest in peace jare

    ReplyDelete