Two Major Achievements of Late Ex-Head of State, General Sani Abacha That Nigerians May Not Forget

The country went through some changes during General Sani Abacha’s reign. He was the President of Nigeria from November 1993 to June 1998, when he died. However, there are two major aspects of his administration that Nigerians will forget:

 

 

1. Economic Growth

He managed to keep the exchange rate at N22/$. His government witnessed a rise in Nigeria’s foreign exchange reserves from $494 million in 1993 to $9.6 billion by the middle of 1997, as well as a reduction in the country’s external debt from $36 billion in 1993 to $27 billion in 1997.

 

 

Between 1993 and 1998, Abacha halted the privatization projects of the Ibrahim Babangida administration and decreased an inflation rate of 54 percent inherited from Ernest Shonekan to 8.5 percent, even while the nation’s principal commodity, oil, was trading at $15 per barrel on average.

2. Nigeria Experienced A Lot of Developments in Infrastructure

During his four-and-a-half years in office, he only raised fuel prices once and established the Petroleum (Special) Trust Fund, which was well praised for its performance in infrastructure development and intervention programs in education, health, and water.

 

 

In important cities like Kano, Gusau, Benin, Funtua, Zaria, Enugu, Kaduna, Aba, Lagos, Lokoja, and Port Harcourt, Abacha built between 25 and 100 kilometers of urban road.

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