NewStats: 3,264,227 , 8,183,030 topics. Date: Tuesday, 10 June 2025 at 08:57 AM q1g44

Former President, Olusegun Obasanjo, on Wednesday, said mismanagement by the previous istrations 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.

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 istration 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 said “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 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.”

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.

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.

“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..

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?”

https://dailytrust.com/coming-generations-have-to-pay-nigerias-current-debts-obasanjo/

Normal level nah

The children will pay for the sins of their fathers

Their fathers used tribalism, and religion to vote in useless governments

Debt they know nothing about.

Even most of us around did not even benefit from the loan.

This is akin to what the bible described as the fathers eating soar grapes and the children teeth set on edge.

I was enjoying his talk until I read Pastor Oyakhilome …

Mstheeeeeeew a pastor that divorced his wife against his Christian faith, how is that a good example of a good leader

No nah, it won't include the Ronu and Agbado bunch amongst them. With their APC hip card, they won't be required to requite anything to the government.

Terrible Buhari & Thiefnùbu
.

Splashme:
Terrible Buhari & Thiefnùbu
.

The national debt is inclusive of debt owed by sub national entities. This year alone, Abia state planned to borrow N200b local debt and N200 foreign debt. That makes it N400b debt this year alone. The state has about N200b debt already from previous istration and the projected revenue is less than N150b.

So you see, Buhari and Tinubu are not the only problem. Governors like Alex Otti, Mbah of Enugu etc with outrageous budget deficit plan are part of the problem.

The question is how will they pay?
The debt is overwhelming and is still not looking to reduce anything from 1000 years

seunmsg:


The national debt is inclusive of debt owed by sub national entities. This year alone, Abia state planned to borrow N200b local debt and N200 foreign debt. That makes it N400b debt this year alone. The state has about N200b debt already from previous istration and the projected revenue is less than N150b.

So you see, Buhari and Tinubu are not the only problem. Governors like Alex Otti, Mbah of Enugu etc with outrageous budget deficit plan are part of the problem.

Nothing concern IPOBidients and loan in SE

They are only concerned about Lagos, SW and federal government load profiles

seunmsg:


The national debt is inclusive of debt owed by sub national entities. This year alone, Abia state planned to borrow N200b local debt and N200 foreign debt. That makes it N400b debt this year alone. The state has about N200b debt already from previous istration and the projected revenue is less than N150b.

So you see, Buhari and Tinubu are not the only problem. Governors like Alex Otti, Mbah of Enugu etc with outrageous budget deficit plan are part of the problem.

How about Lagos and Ogun?!

tishbite42:

How about Lagos and Ogun?!

Go back to my initial post. I made it very clear that the debt of all sub national entities are captured.

seunmsg:


The national debt is inclusive of debt owed by sub national entities. This year alone, Abia state planned to borrow N200b local debt and N200 foreign debt. That makes it N400b debt this year alone. The state has about N200b debt already from previous istration and the projected revenue is less than N150b.

So you see, Buhari and Tinubu are not the only problem. Governors like Alex Otti, Mbah of
Enugu etc with outrageous budget deficit plan are part of the problem.

They deceive yourself

So pathetic, paying for someone's mess

It’s funny that indomie generation takes this guy serious a lot, it’s not their problem though cos they didn’t witness his era n how this man stole with reckless abandon

They are calling buhari n tinubu derogatory names but they don’t know d history of Halliburton scandal this man n atiku orchestrated

They don’t know d story of inec n maurice iwu under obj, if their Peter obi had contested when obj was president then they will know tinubu n buhari are angels

LAXconfidential:
No nah, it won't include the Ronu and Agbado bunch amongst them. With their APC hip card, they won't be required to requite anything to the government.

chinedu keep quiet n use your head

This obj that suddenly turn d igbo messiah today was d same person who stole a whole 16 billion dollars for electricity, I guess u were still a kid during the national ID card saga

If anyone will criticize the current government let it be fresh people who have never been part of our problem

Obj should just keep quiet cos he was d one that introduced all these madness these people are copying now

The debt that you and fellow armed robbers put us into.

As if this generation is not servicing any loan.

Baba, you can help the coming generations by writing a book on how to get a debt relief.

It's a given all over the world..

Coming generations of various countries in the world will pay their countries debt and also borrow more..

This generation already paying or servicing debt owed by older generations and also borrowing for the incoming generation..

Countries debt no go finish..the cycle continues..

No kill yourself ontop a matter like this say Country dey owe

Truly sad, lack of leadership currently in Nigeria is putting pressure on incoming generations!

Na d fathers aet from d vine yard, na Dem pikin teeth dey ache..... Naija which way

At least you dey part of the problem we are facing now
You wey no fit fix road that link to your state

This man left 0 debt while leaving office.

He is still the best president so far

Dey play. Dem go japa

The future of this country has been mortgaged by this present A.P.C government. Massive amounts borrowed with no intention to pay back.

Las las na debt forgiveness the coming generations go dey push for.

Instead of these obidients to contribute meaningfully to any political discussion, they will deviate to Tinubu issue. I don't know if many of them are just shallow in thinking or they think all these attacks up and down have meaning to anybody. They fail to realise that the more they attack Tinubu, the more we tend to move closer to him. All the state of federation are borrowing money, federal government inclusive. The debt is geographically distributed. What these people are using all the borrowing money for should be our center point.

Obasanjo is the real elder we recognize in Yoruba land and not the Iragbiji drug criminal called Tilumbu.

seunmsg:


The national debt is inclusive of debt owed by sub national entities. This year alone, Abia state planned to borrow N200b local debt and N200 foreign debt. That makes it N400b debt this year alone. The state has about N200b debt already from previous istration and the projected revenue is less than N150b.

So you see, Buhari and Tinubu are not the only problem. Governors like Alex Otti, Mbah of Enugu etc with outrageous budget deficit plan are part of the problem.

Nigeria is being destroyed collectively