Why Chief Obafemi Awolowo Resigned From Gowon's Government - OLAMORE
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Why Chief Obafemi Awolowo Resigned From Gowon’s Government

Chief Obafemi Awolowo was the first premier of the Western Region and later federal commissioner for finance, and vice chairman of the Federal Executive Council during the Nigerian Civil War.

His invitation to handle the nation’s economy during the Nigerian Civil war period was largely informed by his dexterity in handling the economy of the South-west region as a premier.

However, he resigned from the Federal Executive Council in 1971 to protest the continued retention of military rule. In 1975, following the overthrow of the Gowon government, he issued a statement questioning the country’s military spending. Whilst serving the Federal Government, he resided in his private house in Apapa. He took financial accountability very seriously.

As Finance Minister, Awolowo ensured that throughout the war years, 1967 to 1970, Nigeria did not borrow a single dollar from the Washington Institutions, bilateral partners or the international capital markets. Even more remarkably, the rehabilitation and reconstruction of the war-torn East was accomplished without a begging bowl.

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Update Source: Olamore.com

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