Top Stories

Coming Generations Will Have To Pay Nigeria’s Current Debts – Obasanjo

Former President, Olusegun Obasanjo, on Wednesday, said mismanagement by the previous administrations had forced Nigeria into a debt burden the coming generations would have no option but to pay.

A statement by his Media Aide, Kehinde Akinyemi, indicated that the elder statesman spoke during an engagement with 2023 awardees of the Future Africa Leaders Foundation, an initiative of Pastor Chris Oyakhilome.

Advertisement

Obasanjo during his reign as the President in 2003 secured a debt relief for Nigeria likewise his counterpart from Algeria at the same period.

The Ota farmer, however, said with the level of mismanagement of the previous debts written off for the country, it would be almost impossible for any administration to get similar gesture in the continent.

Advertisement

Obasanjo declared that the debts were a trap that no individual or nation should fall into as it constitutes an albatross on any economy.

The former President, who asserted that leadership was the number one problem facing the continent said “the coming generations will have no choice but pay the current debt being incurred by different countries in the continent.”

Advertisement

He commended Pastor Oyakhilome for the efforts being put into building leaders, adding that the nation needed more people like him to address the leadership crisis facing the continent.

Highlighting the qualities a leader during the questions and anwers session, Obasanjo said, “a leader should be able to set good examples, being bold and courageous when making decisions, accepting mistakes and learning from them as well as having a realistic dream.”

Advertisement

Meanwhile, Obasanjo has assured that the country’s socio-economic situation could be better in another four years or thereabout with prayers and thanksgiving.

He made this disclosure at the Christian Association of Nigeria (CAN) Ogun State 5th thanksgiving service of his conferment as the Asiwaju Onigbagbo, Ogun State, held at the Olusegun Obasanjo Presidential Library (OOPL), Abeokuta on Tuesday.

Advertisement

The former President said that it was a clear indication that the socio-economic situations of the country were not in good stead, “but, mercy has been with us and if that is so, why should we not thank God.”

“Think about it. If you have breathed the free air of God, you should have cause to thank God. So, things are bad, they may be good in a space of what…four years? and who knows for Nigeria, things that are bad today, may be good tomorrow.

Advertisement

“That is our prayer and that is why we must never stop thanking God. In all situations, give thanks to God”, Obasanjo told the congregation.

The former President thanked brothers and sisters in the vineyard of God for their continuous and persistent prayers for the country..

Advertisement

He added, “It is such a difficult time. And when they are talking of being in fellow of mercy, mine is more than a Fellow of Mercy, mine is Fellow of Grace and Mercy of God, any one that is not enjoying this should put up his hand. If that is so, why should we not thank God?”

Advertisement
Oluchi Nzekwe

Recent Posts

Why Seyi Tinubu Can’t Be Lagos Governor- Igbokwe

A member of the All Progressives Congress (APC), Joe Igbokwe, has said Seyi Tinubu, son…

2 hours ago

Simon Ekpa Not Our Member, Should Not Be Associated With Us- IPOB

IPOB PRESS RELEASE 22/11/2024 SIMON EKPA IS NOT AN IPOB MEMBER AND MUST NOT BE…

5 hours ago

NEWSPAPER HEADLINES FOR FRIDAY 22ND NOVEMBER 2024

NEWSPAPER HEADLINES FOR FRIDAY 22ND NOVEMBER 2024. *PUNCH* Gombe begins N28bn Assembly, high court complexes…

6 hours ago

My husband assaulted me, ruined my career – Olajumoke Onibread

Former bread seller turned model, Olajumoke Orisaguna, popularly known as Olajumoke Onibread, has opened up…

9 hours ago

“I did not punch Akpabio” – Senator Bamidele speaks on alleged fight with Senate President

Senate Majority Leader, Opeyemi Bamidele has denies reports that he was involved in a fight…

9 hours ago

Speaker Obasa Clarifies Negative Perceptions As Sanwo-Olu Presents 2025 Budget

– says lawmakers united to meet yearnings of Lagosians – accuses detractors of peddling news…

9 hours ago