Obasanjo Attacks Goodluck Jonathan Again, Accuses the President Of Squandering Oil Savings “When we left in May 2007, the reserve was said to have been raised to $35billion,” he said. “But today, that reserve has been depleted! Today, that reserve has been depleted. The reserve we left when we finished paying all our debts, our debts that was about 40billion dollars, that is including debt forgiveness, the remaining debt was not more than $3billion.
Our reserve after we had paid off this debt was about $45billion. As I said, they continued till the end of 2007, I heard that the reserve increased to almost $67billion before the end of the year. Our reserve now, learnt is left with around only $30billion.