AU COMMISSION CHAIRPERSON ARRIVES IN BAMAKO TO REVIVE DIALOGUE WITH MALI. (PHOTO).

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 AU Commission Chairperson Arrives in Bamako to Revive Dialogue With Mali Mahmoud Ali Youssouf arrived for a two-day official visit, according to an AU statement. He was welcomed by Mali’s Foreign Minister Abdoulaye Diop and is also expected to meet with President Assimi Goïta, it said, Sputnik reported. The visit comes as Mali remains suspended from AU activities since June 2021. The AU has reaffirmed its support for Mali’s sovereignty and territorial integrity while proposing increased assistance to the security sector.
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OBASANJO'S SECOND TERM WAS NIGERIA’S BEST ECONOMICALLY- EL-RUFAI. (PHOTO).

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Obasanjo’s second term was Nigeria’s best economically – El-rufai

A former Governor of Kaduna State, Nasir el-Rufai, on Friday said the second term of former President Olusegun Obasanjo was the “most successful” in terms of economic growth, job creation, and inflation rate in Nigeria.

El-Rufai said this on Friday during a session at the Africa In the World conference in Stellenbosch, South Africa.

According to him, oil prices began to rise during this period but the Obasanjo government did not waste the windfall, adding that Nigeria’s fiscal health was at its best in 2007, such that when the global financial crisis took place in 2008, the country did not feel it.

“If you look at Nigeria’s economic trajectory, the most successful four to five-year period of economic growth, job creation, and reduced inflation was the period of the second term of President Obasanjo in 2003 to 2007, when for the first time, the country went back into proper integrated planning and we also got lucky,” he said.

“Nothing was felt in Nigeria because Nigeria had a big savings account,” he said.

He added that Nigeria had huge reserves then and that the government was able to absorb the shock without any internal problems.

 

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