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