Former president, Chief Olusegun Obasanjo Tuesday said that before handling over to the late President Umaru Musa Yar’Adua in 2007, Nigeria was a debt-free nation. The retired military general affirmed that his administration brought about tremendous changes in the county’s economy.

Obasanjo while speaking in Lagos at a forum organized by Nigeria Leadership Initiative (NLI) disclosed that he still believe in the future of the Nigeria.

According to him: “When I came on board in 1999, the reserve of this country was 3.7 million dollars and we were taken 3 billion dollars every year to manage our debt and as at then, we owed about 35 billion dollars. By the time I left the government in 2007, our reserve was over 45 billion dollars after paying all our debt.”

Speaking on the topic, Leadership and Underpinning, Obasanjo averred that the issue of leadership is one that usually poses dilemma to the analyst when it comes to its examination. He said: “This is particularly so in that it has plethora of dimension viz. the philosophy of leadership, institutional leadership, social/club leadership, religious leadership, political leadership, community/traditional leadership etc.”

The Ogun-born politician cum cleric in his address spoke on issues such as: Concept of Leadership, A Preview of Some Leadership Theories, Leadership Styles, Power Bases of Leadership, Leadership Attributes and Leadership Inadequacy disclosed that leadership is about setting and not just reacting to agendas, but identifying problems and initiating change that makes for sustainable improvement and seeing what is initiated to completion.

His words, “The leadership problems in Africa have been attributed to many causes, the most significant of which is leadership inadequacies. This is not too difficult to accept; because the success or failure of any organisation is a reflection of leadership performance. Within our own lifetime, we have witnessed series of political leadership characterized by more shortcomings than achievements. Whenever we go further to explore the reason for persistence of the leadership problems in Africa, the following shortcomings are common to most leaders in their manifestos, they include: Acceptance of the supremacy of individual ethnic identity over that of the nation, acceptance of public position as poverty heal-all, disrespect for the law, over-display of leadership arrogance, disregard of superior values and ideas and inability to stay with and manage success”

http://dailypost.com.ng/2012/08/29/nigeria-debt-free-i-left-government-2007-obasanjo/

Oya o!
Dem don set anoda trap to catch TRIBAL BUSH-MEATS!!!
Awon "this post is hidden" won kpe e o!!!!!
Mu he he he he he

@Topic
This is gooooooood news o! Why are we just discovering this FICTION?

..And Nigeria was looking like New York when you left.
Mr OBJ, i prefer to borrow money and look like Brad Pitt than to have no debt and look like you.

Obj kwa !...pls we need fact o,or we should ask Yar Adua?

Baba ota is right but what about other havoc that was wrecked?

Ijeoma Obasi: Obj kwa !...pls we need fact o,or we should ask Yar Adua?

My sister o,OBJ now want a reply from the same person he sent six feet below...#GOd is watching o.

He didn't take his time to tell us how much revenues in total nigeria accrued in his time.How much did he get in total,how much did he spend in total and on what did he spend it on?

redsun: He didn't take his time to tell us how much revenues in total nigeria accrued in his time.How much did he get in total,how much did he spend in total and on what did he spend it on?

Redsun,he is just trying to shift blame.

amdy08:
Redsun,he is just trying to shift blame.

Of course we know that.He is the number one catastrophic nigerian traitor

redsun:

Of course we know that.He is the number one catastrophic nigerian traitor

My brother,the day of reckoning is near for him.