The regime of a former Head of State, the late General Sani Abacha, blossomed Nigeria’s economy and recorded giant strides in infrastructure with homegrown templates, a former Minister of Finance during the regime, Anthony Ani, has said.
He said this in Abuja at the 2nd General Sani Abacha colloquium themed ‘Towards Evolving Homegrown Solutions to Nigeria’s Challenges.’
He said: “No regime throughout the turbulent history of this country has had a rough ride just from the first quarter of its existence and had its honeymoon rudely shattered within months by a deadly cocktail of oil strikes, urban riots, election boycotts and ultimatum to pack and leave.
“Other myriad challenges the regime faced were calls for a sovereign national conference, sanctions and rumours of sanctions all against the backdrop of sustained local and international efforts to delegitimize the regime.
“It is, therefore, pertinent to ask why despite all these problems, the economy did not collapse? Why did the adverse economic situation give way to macro-economic stability that had become the toast of the World Bank and International Monetary Fund (IMF)? This is the Abacha Miracle.”
