goodluck jonathan: there is a misconception about the excess crude account.d that it was up for a rainy day. when i was there, i tried to make a special fund. it will not be easy for you to take. governor fore the governors would insist there is no place in our laws to say the federal government should take excess. they always insist that it be brought. like when there was pressure from the governors. francine: your successor says he inherited an economy with an empty treasury. goodluck jonathan: that is not true. there is no way. time, we bailed out the states. that is not possible. sometimes, we will make it look so bad. it wasn't that bad. you regret not diverse of diversifying nigeria? --dluck jonathan: that was theagriculture, it was best. that is why my minister of agriculture is now the president of the african bank. this is because of what he did in agriculture. francine: now we're looking at recession. goodluck jonathan: if somebody said that we did not diversify, that is not true. he did very well in the agriculture sector. that we did not , you nee

and, we speak to former nigerian president goodluck jonathan. welcome to "the pulse" live from bloomberg european headquarters in london. it is 9:00 so we have to look at the markets. we have quite a move overnight in asia. currently our top story is the pound. pound-dollar, 1.4425, the pound tumbling after that jobs report in the u.s. everything is linked back to what janet yellen can or cannot do this summer. the european stoxx 600 almost flat. at 49.2.r in new york let's get to the bloomberg first word news with caroline hyde. caroline: the pound has fallen to a three-week low after goals suggest britain's favor leaving the union. surveyg weekend after a found 45% of voters would choose to leave. 41% said they would vote remain. another poll shows the leave campaign ahead. the race has tightened in the past week, spooking some investors. china must improve monetary policy communication as it takes on a larger role in the global economy, so says u.s. treasury secretary jack lew. >> i think when you talk to the economic policy, there's no quest

and, we speak to former nigerian president goodluck jonathan. welcome to "the pulse" live from