Former Nigerian president Olusegun Obasanjo delivers a keynote address at the “Why I am Alive” campaign celebration in Lagos on Friday. PHOTO: MARCEL MBAMALU
“Such a situation talks about impending bankruptcy,” the former president warned. He insisted that “no entity can survive while devoting 50 percent of its revenue to debt servicing.” “I do not need the brain of any genius to conclude that those who use statistics to dig us deeper into debt are our enemies: statistics can be used to serve any purpose, and that is why Winston Churchill talked of lies, damn lies and statistics, meaning statistics can be made master of lies.”
Obasanjo, who was twice head of the Nigerian government in both military and civilian capacity between 1976 and 2007, was a special guest of the “Why I am Alive” campaign celebration tagged “The Nigerian Story” created by media personality and chief executive of Eureka Productions, Caroline Moore in Lagos on Friday.
A bold and truthful comment from Obj. A man who saw to it that Nigeria got debt cancellation from intnl. lenders. Raising the nation's debt profile from $10B to $81B is totally unacceptable under any guise. A good leader must be cerebral enough to raise d nations income base
Truth is, the NIGERIAN FEDERATION has been poorly managed at all three tiers. NIGERIA has the potential to be a strong NATION economically. This can only be when a great number of our GDP is directly involved in Agriculture Value Chain, prioritize earnings, downsize government