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Nairaland Forum / Nairaland / General / Politics / OBJ National Broadcast After The Debt Relief.( D Broken Premise On Debt Relief) (620 Views)
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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:U need to man |
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