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How General Sani Abacha Reduced Nigeria’s Inflation Rate From 54 Percent To 8.5 Percent

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<p><&excl;-- BEGIN THEIA POST SLIDER --><&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad4" id&equals;"quads-ad4" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p>&nbsp&semi;<&sol;p><div class&equals;"wxiu0DhH" style&equals;"clear&colon;both&semi;float&colon;left&semi;width&colon;100&percnt;&semi;margin&colon;0 0 20px 0&semi;"><script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<&excl;-- TV --> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"4399361195" &NewLine; data-ad-format&equals;"auto" &NewLine; data-full-width-responsive&equals;"true"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script><&sol;div>&NewLine;<p>Abacha brought the privatization programs of the Ibrahim Babangida administration to a halt&comma; reduced an inflation rate of 54&percnt; inherited from Ernest Shonekan to 8&period;5&percnt; between 1993 and 1998&comma; all while the nation&&num;8217&semi;s primary commodity&comma; oil was at an average of &dollar;15 per barrel&period;<&sol;p><div class&equals;"q96q6IeO" style&equals;"clear&colon;both&semi;float&colon;left&semi;width&colon;100&percnt;&semi;margin&colon;0 0 20px 0&semi;"><script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<&excl;-- TV --> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"4399361195" &NewLine; data-ad-format&equals;"auto" &NewLine; data-full-width-responsive&equals;"true"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script><&sol;div>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>He was also Chief of Army Staff between 1985 to 1990&semi; Chief of Defence Staff between 1990 to 1993&semi; and Minister of Defence&period; In 1993&comma; Abacha became the first Nigerian soldier to attain the rank of a full military general without skipping a single rank&period;<&sol;p>&NewLine;<p><a href&equals;"https&colon;&sol;&sol;nigeriantracker&period;com&sol;2021&sol;06&sol;08&sol;june-8-1998-why-announcement-of-general-abachas-death-was-delayed&sol;">June 8 1998&colon; Why Announcement Of General Abacha’s Death Was Delayed<&sol;a><&sol;p><div class&equals;"sCIUrrKi" style&equals;"clear&colon;both&semi;float&colon;left&semi;width&colon;100&percnt;&semi;margin&colon;0 0 20px 0&semi;"><script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block&semi; text-align&colon;center&semi;" &NewLine; data-ad-layout&equals;"in-article" &NewLine; data-ad-format&equals;"fluid" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"6550225277"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script><&sol;div>&NewLine;<p>He was commissioned in 1963 after he had attended the Mons Officer Cadet School in Aldershot&comma; England&period; Before then&comma; he had attended the Nigerian Military Training College in Kaduna&period;<&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p>In 1969&comma; he fought during the<br &sol;>&NewLine;Nigerian Civil War as a platoon and battalion commander&period; And later became commander of the 2nd Infantry Division in 1975&period;<&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p>In 1983&comma; Abacha was general officer commanding of the 2nd Mechanised Division and was appointed a member of the Supreme Military Council&period;<&sol;p>&NewLine;<p>His administration oversaw an increase in the country&&num;8217&semi;s foreign exchange reserves from &dollar;494 million in 1993 to &dollar;9&period;6 billion by the middle of 1997 and reduced the external debt of Nigeria from &dollar;36 billion in 1993 to &dollar;27 billion by 1997&period;<&sol;p>&NewLine;<p>Abacha also constructed between 25–100 km of urban road in major cities such as Kano&comma; Gusau&comma; Benin&comma; Funtua&comma; Zaria&comma; Enugu&comma; Kaduna&comma; Aba&comma; Lagos&comma; Lokoja&comma; and Port Harcourt&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>GDP growth&comma; despite being estimated to be higher than the 2&period;2&percnt; growth in 1995&comma; was largely limited to the petroleum sector&period;<&sol;p>&NewLine;<p>His popular quote<&sol;p>&NewLine;<p>&&num;8220&semi;Africa is not just a place&comma; it&&num;8217&semi;s indeed a feeling&period; Africa is the heart of the world&comma; and there are only a few of us who have been touched by her&period; Africa defines our souls and people can feel it&comma; people just know&&num;8221&semi;&period; ~~ Late Gen&period; Sani Abacha<&sol;p>&NewLine;<p>The first Nigerian soldier that attained the rank of a full military general without skipping a single rank&period;<&sol;p>&NewLine;<p>&&num;8211&semi; 1963 Second Lieutenant<br &sol;>&NewLine;&&num;8211&semi; 1966 Lieutenant<br &sol;>&NewLine;&&num;8211&semi; 1967 Captain<br &sol;>&NewLine;&&num;8211&semi; 1969 Major<br &sol;>&NewLine;&&num;8211&semi; 1972 Lieutenant Colonel<br &sol;>&NewLine;&&num;8211&semi; 1975 Colonel<br &sol;>&NewLine;&&num;8211&semi; 1980 Brigadier General<br &sol;>&NewLine;&&num;8211&semi; 1983 Major General<br &sol;>&NewLine;&&num;8211&semi; 1987 Lieutenant General<br &sol;>&NewLine;&&num;8211&semi; 1993 General&period;<&sol;p>&NewLine;<p><&excl;-- END THEIA POST SLIDER -->&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad4" id&equals;"quads-ad4" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<&sol;p>&NewLine;<script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block" &NewLine; data-ad-format&equals;"autorelaxed" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"1004305389"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad5" id&equals;"quads-ad5" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;

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