Sani Abacha Warning: You are not logged in. Your IP address will be publicly visible if you make any edits. If you log in or create an account, your edits will be attributed to your username, along with other benefits.Anti-spam check. Do not fill this in! === National economy === Abacha's administration oversaw an increase in the country's foreign exchange reserves from $494 million in 1993 to $9.6 billion by the middle of 1997, and reduced the external debt of Nigeria from $36 billion in 1993 to $27 billion by 1997.<ref>{{cite web|title=Why we honoured Abacha - Nigerian government - Premium Times Nigeria|url=https://www.premiumtimesng.com/news/156004-why-we-honoured-abacha-nigerian-government.html|date=1 March 2014|language=en-GB|access-date=24 May 2020}}</ref><ref name="premiumtimes3">{{cite web|url=http://www.premiumtimesng.com/news/156004-why-we-honoured-abacha-nigerian-government.html|title=Why we honoured Abacha β Nigerian government β Premium Times Nigeria|work=Premium Times Nigeria|date=March 2014}}</ref> Abacha also constructed between 25 and 100 km of urban road in major cities such as [[Kano (city)|Kano]], [[Gusau]], [[Benin City|Benin]], [[Funtua]], [[Zaria]], [[Enugu]], [[Kaduna]], Aba,<ref>https://www.britannica.com/place/Aba-Nigeria</ref> [[Lagos]], [[Lokoja]] and [[Port Harcourt]].<ref>{{cite web|title=Why did a U.S. magazine label Nigerian leader Sani Abacha as "Thug of the Year" in 1995?|url=https://www.ogoninews.com/ogoni/443-why-did-a-u-s-magazine-label-nigerian-leader-sani-abacha-as-thug-of-the-year-in-1995|last=Editor|website=Ogoni News|language=en-GB|access-date=24 May 2020}}</ref> Abacha brought the privatisation programs of the Ibrahim Babangida administration to a halt, reduced an inflation rate of 54% inherited from Ernest Shonekan to 8.5% between 1993 and 1998, all while the nation's primary commodity, oil was at an average of $15 per barrel.<ref name="premiumtimes3" /> GDP growth, despite being estimated to be higher than the 2.2% growth in 1995, was largely limited to the petroleum sector.<ref>United States Department of State, ''Nigeria Country Report on Human Rights Practices for 1996'', 30 Jan 1997, available at: https://1997-2001.state.gov/global/human_rights/1996_hrp_report/nigeria.html</ref> Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here. You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see Christianpedia:Copyrights for details). Do not submit copyrighted work without permission! Cancel Editing help (opens in new window) Discuss this page