Former President Olusegun Obasanjo has expressed concern that the next generation of African countries will bear a substantial debt burden.
During an engagement with 2023 awardees of the Future Africa Leaders Foundation, Obasanjo emphasized that with the mismanagement of previous debts written off for some African countries, including Nigeria, it would be challenging for any administration to secure similar debt relief in the continent.
Obasanjo described these debts as a trap that individuals or nations should avoid, as they constitute a significant burden on any economy.
He commended Pastor Chris Oyakhilome for his efforts in building leaders and addressing the leadership crisis facing the continent.
Highlighting the qualities of a leader during a question and answer session, Obasanjo stressed the importance of setting good examples, bold decision-making, accepting mistakes, learning from them, and having realistic dreams.
In a separate event, Obasanjo expressed optimism about Nigeria’s socio-economic situation improving in the next four years with prayers and thanksgiving. Speaking at the Christian Association of Nigeria (CAN) Ogun State 5th Thanksgiving service for his conferment as the Asiwaju Onigbagbo, Ogun State, Obasanjo acknowledged the current challenges but urged people to be thankful for the mercy they have received.
While acknowledging the difficulties faced by the country, Obasanjo expressed hope that with gratitude and prayers, the socio-economic situation might improve in the coming years.
