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Today In History: Gen. Sani Abacha Died After Brief illness

Today In History: Gen. Sani Abacha Died After Brief illness

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The Abacha administration became the first to record unprecedented economic achievements: he oversaw an increase in the country’s foreign exchange reserves from $494 million in 1993 to $9.6 billion by the middle of 1997, reduced the external debt of Nigeria from $36 billion in 1993 to $27 billion by 1997, brought all the controversial privatization programs of the Babangida administration to halt, reduced an inflation rate of 54% inherited from Ibrahim Badamasi Babangida to 8.5% between 1993 and 1998, all while the nation’s primary commodity, oil was at an average of $15 per barrel.

On June 8, 1998, General Sani Abacha, the then Head of State took ill and died.

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