No option for next generations on Africa's debts - Obasanjo - The People's Voice


Wednesday, January 3, 2024

No option for next generations on Africa's debts - Obasanjo

By Our Correspondent

Former Nigerian President, Chief Olusegun Obasanjo has disclosed that there was no option for the next generations of Africans to relief the continent from her huge debts.

It would be recalled that Obasanjo as the country's President in 2003 secured a debt relief for Nigeria likewise his counterpart from Algeria at the same period.

In a release by his Special Assistant on Media, Kehinde Akinyemi on Wednesday,  Obasanjo made this disclosure during an engagement with 2023 awardees of the Future Africa Leaders Foundation, an initiative of Pastor Chris Oyakhilome.

He noted that with the level of mismanagement of the previous debts written off for the country, it will be almost impossible for any administration to get similar gesture in the continent.

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 summed: "the coming generations will have no choice but pay the current debt being incurred by different countries in the continent."

He commended Pastor Oyakhilome for the efforts putting into building leaders adding that the nation needs 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," Obasanjo stated.

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