In 2015, former President Muhammadu Buhari demonstrated remarkable economic management skills by stabilizing Nigeria’s economy during one of its most turbulent periods.
At the time, global oil prices plummeted to as low as $30 per barrel, while the country's oil output dropped significantly from 2 million barrels per day to 800,000 barrels per day. Compounding the crisis were depleted foreign reserves and near-zero savings.
Despite these challenges, Buhari’s administration implemented measures that shielded the masses from bearing the full brunt of the economic downturn.
His government also provided salary bailouts to states grappling with salary arrears, ensuring financial relief for workers across the country.
The swift and strategic interventions not only stabilized the economy but also preserved critical socio-economic structures, earning widespread acknowledgment for the administration's resilience during a period of immense pressure.
