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OBJ National Broadcast After The Debt Relief.( D Broken Premise On Debt Relief) - Politics - Nairaland

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OBJ National Broadcast After The Debt Relief.( D Broken Premise On Debt Relief) by fritiyo: 10:59am On Jun 24, 2015
Today, we are faced with so much challenges which appear too difficult to solve by our leaders. Many as blamed the immediate past president, for leaving so much debt for the incoming govt to handle.
Buhari in one of the occasion, said he met an empty treasury. While others, are of the view that, the economy under gej , is the waste ever.

Hear the words of the former president OBJ broadcast to the nation when we were granted debt relief in June 2005. His speech clearly showed that, there were economic challenges during obj as we have it in GEJ tenure. Below is the broadcast by OBJ.
President Obasanjo told Nigerians: “Fellow
Nigerians, how did we get to the point where our
debt burden became a challenge to peace, stability,
growth and development? Without belabouring the
point, we can identify political rascality, bad
governance, abuse of office and power, criminal
corruption, mismanagement and waste, misplaced
priorities, fiscal indiscipline, weak control,
monitoring and evaluation mechanisms, and a
community that was openly tolerant of corruption
and other underhand and extra-legal methods of
primitive accumulation”.
These all took place in this country, before our very
eyes, and at times in active complicity by many of
us. Even community leaders and religious bodies
accommodated corrupt individuals and exalted
them. Money replaced traditional values, money
took over souls, and we came to believe in the
Machiavellian philosophy of ‘the ends justify the
means’.
State governments contracted huge loans with
outrageous conditions and interest rates and failed
to perform with the funds, most of it being
squandered on white elephant projects or simply
looted. We often forget that stolen and wasted funds
were monies meant for growth and development
especially education, health, roads, water,
electricity and other social services.
Contracts became the only basis for determining
transactions and engagements with the public and
privates spheres. We pray to God that we get
beyond these debilitations and develop a collective
conscience that is anchored on transparency,
accountability, probity, value-for-money and due
process”.
On July26 2005, President Obasanjo told the
National Assembly that of the total debt stock at
that time the Federal Government owed 75% and the
states’ Government owed 25%.
I want you all to weigh that statement in the present
day Nigeria. Have those commitments been met?
Now eight years after, are we celebrating any debt
relief any longer? Is our Economy not in comatose?
The situation of our economy has become so
doubtful that nobody wants to talk about it. The
ministry of finance is not forthcoming on the true
position of our economy. So many contradictions!
The safest conclusion is that our economy is in bad
shape. Most states are financially grounded now
unable to meet their obligations. Our roads are bad,
our hospitals are in decay, the structures in our
public schools have become so shameful, and there
is massive unemployment. At present we face the
agony of blasted hopes and shattered dreams.
Do we even remember that there was a debt relief?
It is now clear that we have been taken for a ride.

It is very clear from the speech above that he (obj) in one way the order want some better life for Nigerians, but tye NASS members n politician wouldnt allow it to happen. This the same scenario played out during gej tenure. In fact his was the waste with so much political blackmail to get back to d top.
source http:// www.icirnigeria.org/the-broken-promises-on-debt-relief/
Re: OBJ National Broadcast After The Debt Relief.( D Broken Premise On Debt Relief) by ibrams(m): 11:00am On Jun 24, 2015
oya nah......#following#
Re: OBJ National Broadcast After The Debt Relief.( D Broken Premise On Debt Relief) by fritiyo: 11:04am On Jun 24, 2015
ibrams:
oya nah......#following#
U need to man

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