External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations

1. PRESIDENT OLUSEGUN OBASANJO (1999-2007)

EXTERNAL DEBT:
Inherited: $30 billion
Cleared : $18 billion
Paid: $ 12 billion Dollars
Left: $3,348.22bn-2007

FOREIGN RESERVE
Inherited: $3.7 billion (1999)
Left: $45.0 billion (2007)

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2. UMARU MUSA YAR ADUA (2007 - 2009)

EXTERNAL DEBT:
Inherited: $3,348.22 billion

Left: $3.94 billion Dollars  

EXTERNAL RESERVE
Inherited: $45.0 billion

Grew To: $63 billion in September, 2008

Left : $47. 7 billion (As at Dec 31st 2009 when Jonathan took over as "Overseer" ) 

 

3. PRESIDENT GOODLUCK JONATHAN:
EXTERNAL DEBT
Inherited: $3.94 billion Dollars

As At Now: $9.3 billion Dollars

FOREIGN RESERVE:
Inherited: $47. 7 billion (As At December 31st, 2009)

As At Now: $38.2BILLION

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