Former President Olusegun yesterday accused the immediate past president, Dr. Goodluck Jonathan of ignoring warnings about a looming recession and the consequences of the ‘reckless’ spending of his government.
He said in Abeokuta that two years ago when he saw signs that Nigeria was walking down the path of recession and the way the powers that be were expending the nation’s resources, he drew Jonathan’s attention to the danger ahead, but was ignored.
The former president spoke yesterday during a lecture organised by the Youth Fellowship of Owu Baptist Church, Abeokuta to mark Nigeria’s Independence Day anniversary.
He said the economic situation in the country has turned development upside down as “things are not what they should be.”
He cited the high level of unemployment which he described as a time bomb.
“Unemployment is a major problem in the country today and if we don’t take care, it will consume all of us. In fact, the rising unemployment is a time bomb,” he said pointing out that the high rate of unemployment was responsible for youth restiveness in the country.
He asked that the situation be tackled with all the seriousness it deserves before it gets out of hand.
He added: “Whoever that has lived to witness the celebration of today should thank God. Things are not what they should be, but we should pray that next year will be better than this year.”
“We thank God for those who are alive, we prayed for the souls of those who have laboured for this country and who have passed on to rest in perfect peace.”
The former president recalled how he got five job offers immediately he completed his secondary school education at Baptist Boys High School, Abeokuta.

Source: http://www.sarakinews.com/2016/10/recessionyou-spend-so-recklessly.html

Here comes this old man again with his sanctimonious and over bearing attitude. Always ready to point out the faults in others while ignoring the very big log of wood in his eyes.

In decent climes, he would ve long been consigned to the refuse bin of history because of the shoddy manner he handled state affairs when he held sway.

Everyone has his/her fault which is very normal bt it becomes abnormal wen u continually take on a particular person like u re an angel, all the things he accused Jona of doing, he did worse nd not his infamous third term that was brought in dead.

He was not d one in charge but his wife and other goats.

He had so many goats around him, how can he understand money management He had to turn our treasury to yam to feed his goats.

Having exhausted all the yam, many of the goats have now turned to wailers.

Infact his PhD is questionable. I hope he did not buy it.

GoodofNaija:
He was not d one in charge but his wife and other goats.

senseless comment

In a sane country like Norway chief olusegun aremu obasanjo would have being sent to prison for the rest of his life,,in china he would have being killed and his body cremated,,for spending $16 billion on power,yet Nigeria does not generate up to 5,000MW,99% of Nigerians don't enjoy 24/7 power supply.

I really hate this country called Nigeria cause it does not care about it's citizen.

Singapore,Indonesia and south Korea where as under-develop as Nigeria when we all started together,but they have all become a develop country,while Nigeria is still a 3rd world,under-develop country...
Only God knows when this country will develop,cause this government led by buhari is so dam confuse without any plan.

Jonathan don suffer. Anyways, let the bashings continue. 2017 is just few days away from now.

But I realize no one, and I mean no one in power has respect for GEJ at all. He's been spoken of anyhow as if he was never once a President of this beloved country. He's the only one who is being scorned at even by those not worthy to insult him.

When I see a person anybody talks to/talk about anyhow, as if he is the only sinner, then there must be something special about him that we do not know of.

MONITZ:
Here comes this old man again with his sanctimonious and over bearing attitude. Always ready to point out the faults in others while ignoring the very big log of wood in his eyes.

In decent climes, he would ve long been consigned to the refuse bin of history because of the shoddy manner he handled state affairs when he held sway.

Everyone has his/her fault which is very normal bt it becomes abnormal wen u continually take on a particular person like u re an angel, all the things he accused Jona of doing, he did worse nd not his infamous third term that was brought in dead.

Wailing Dundees that always preach take the message and ignore the messenger when the likes of the mad dog in Ekiti state throw attacks are here again to wail.

Obasanjo left a debt free nation with a reserve of $42bn, which Yaradua laer grew to 67bn which was later used to defend the Naira and Economy during the global recession. Despite using about 50% to defend the Naira and Econmy, Naira still lost more than 20% of its value.

How much the IB the wreckless spender and sharer leave in the reserves despite selling oil for above $100 averagely for a period of about 3 years? Where are the infrastructure to justify the massive dwindling of the reserves.

Dundee, the new name for wailers

walemoney007:
In a sane country like Norway chief olusegun aremu obasanjo would have being sent to prison for the rest of his life,,in china he would have being killed and his body cremated,,for spending $16 billion on power,yet Nigeria does not generate up to 5,000MW,99% of Nigerians don't enjoy 24/7 power supply.

I really hate this country called Nigeria cause it does not care about it's citizen.

Singapore,Indonesia and south Korea where as under-develop as Nigeria when we all started together,but they have all become a develop country,while Nigeria is still a 3rd world,under-develop country...
Only God knows when this country will develop,cause this government led by buhari is so dam confuse without any plan.

Yes, he was part of the useless PDP that u people would have preferred to keep ruining Nigeria so she can be a failed nation, then the evil Biafra whose oil and major source of income will be concaine and hard drugs, when they diversify, we will be talking of substand drugs and products, revalidation of expired products, manufacturing of fake products, etc can be actualised. As u dundees normally say, ignore the messenger and take the message

No, he did not spend recklessly, instead he shared recklessly. He gave Obanikoro 4.3 billion naira just for Ekiti election. He gave Olu Fale 100 million naira just to support him. He gave Bafarawa 4.3 billion naira for spiritual purpose. He gave Jim Nwobodo 100 million naira for election even when Nwobodo does not work in INEC. He gave ex-convict Bode George 100 million naira to try and rig election in South West. Northern Elders Forum too got several hundreds of millions to bribe almajaris to vote for him. He gave Olisah Mentuh 450 million naira for doing nothing, the idiotic Olisa Metuh used the money to buy house in plantain soory, I mean banana island. He gave Peter Odili 100 million naira for election manipulation. He gave FFK our gigolo brother 840 million naira for lies and lies on Buhari. He gave Ray,on Dokpesi 2.1 billion naira for propaganda. Several Chiefs of Naval, Chiefs of Airforce, Chiefs of Army, even Chief of Boy' Scout shared several billions. Even our beloved mother in Christ, High Chief imPatience Mama Piss has 31 million dollars in one bank. The kist is endless. Yet some nonentities still wonder why Buhari has not turned Nigeria to America and France combined in less than 2 years.

simpleseyi:
No, he did not spend recklessly, instead he shared recklessly. He gave Obanikoro 4.3 billion naira just for Ekiti election. He gave Olu Fale 100 million naira just to support him. He gave Bafarawa 4.3 billion naira for spiritual purpose. He gave Jim Nwobodo 100 million naira for election even when Nwobodo does not work in INEC. He gave Peter Odili 100 million naira for election manipulation. He gave FFK our gigolo brother 840 million naira for lies and lies on Buhari. He gave Ray,on Dokpesi 2.1 billion naira for propaganda. Several Chiefs of Naval, Chiefs of Airforce, Chiefs of Army, even Chief of Boy' Scout shared several billions. Even our beloved mother in Christ, High Chief imPatience Mama Piss has 31 million dollars in one bank. The kist is endless. Yet some nonentities still wonder why Buhari has not turned Nigeria to America and France combined in less than 2 years.

In fact, lets just say he is a foolish sharer, an appaling spender, a slimy pretender, a coruption lover and the thieves patron!

lets call a spade a spade ....Gej is a good man who surrounded himself with corrupt people even his wife,and he is so fragile tackling it




the likes of mmadueke,patience and ngozi okonjo are trillionairs,i wonder what was their remuneration

Kingsley1000:
lets call a spade a spade ....Gej is a good man who surrounded himself with corrupt people even his wife,and he is so fragile tackling it




the likes of mmadueke,patience and ngozi okonjo are trillionairs,i wonder what was their remuneration

How come OBJ is not among the list of your corrupt people whom GEJ surrounded himself with.

Was it not this same OBJ that was frequently gate crashing into Aso villa uninvited then singing "You must run for the presidential election to GEJ"

He was GEJ self appointed campaign manager then and he benefited alot from him not until GEJ started avoiding his overbearing nature.

You failed to realize that it is only a corrupt politician that can discover fellow corrupt loyalist and elevates them into occupying bigger political offices.

OBJ is the godfather of most corrupt politicians now saints.

I so love GEJ.. He practilises Silence is the best answer to a fool.

It seems this man does not value his age

What does OBJ expect from a clueless GEJ he imposed on us? The clueless thing and friends and family members just plundered our treasury while dem wailers keep absolving him of any wrong.

honfnj:
I so love GEJ.. He practilises Silence is the best answer to a fool.

Why won't he be silent when he knows he's guilty as charged

honfnj:
I so love GEJ.. He practilises Silence is the best answer to a fool.

Your spelling, your grammar and your lexis say it all. Half education is worse than none.