Chief Rasheed Gbadamosi is a former chairman, Petroleum Products Prices Regulatory Agency. He was also a Minister of National Planning. He discusses some economic issues with Ademola Olonilua
Were you surprised when it was officially declared by the Federal Government that Nigeria is in recession?
No, I was not surprised. It had to happen but it was a question of when it would happen. It was meant to have come a long time ago.
Why were you not surprised?
I was not surprised because before Buhari’s regime, we had anticipated that the recession would come. It was something that was anticipated but what did we do? There was a feeling that somehow it would not happen and we would be able to weather the storm but that was not the case. Poor mother Africa was hopeful that the cross would pass over us but it did not seem to be so. There was a feeling that Olusegun Obasanjo could have averted such a situation if it happened during his time.
In what way do you feel...
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