Minister of Power, Works and Housing, Babatunde Fashola has said former president Goodluck Jonathan accepted defeat in 2015 due to imminent recession.
Fashola said this, on Thursday, at a South-west town hall meeting. He added that Jonathan only relinquished power because he wanted to avoid being at the helm of affairs during the recession.
According to Premiumtimes, Fashola revealed 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,” he said.