₦airaland Forum

OBJ - Nigeria Was Debt-Free When
I Left In 2007
Former President Olusegun
Obasanjo has scored his
administration high, saying he
achieved all that he set out to do
as President between 1999 and
2007.
Obasanjo said this in Lagos on
Tuesday after delivering a lecture
titled, ‘Leadership foundation and
underpinning’ as the guest
speaker at the forum of the
Nigeria Leadership Initiative.
He said after observing that
Nigeria was at the precipice and
under heavy debt, he focused on
holding the country together,
securing debt relief and
improving the image of the
country.
When asked if he had regrets
concerning his two cycles of
political leadership of the country,
Obasanjo said, “When I was
military Head of State, my main
concern was how do we forge a
united country and a self reliant
country? So, the constitution was
very important. We established a
constitution that helped us to
achieve that.
“When I came back in 1999, some
people came to me and said I will
be the last president of Nigeria.
There were different groups at
that time; there were the Egbesu
Boys, the OPC and the Arewa.
Some people thought the centre
would not hold together. The
need then again was how do we
hold the people together and how
do we pay off our debts?”
He added, “Nigeria was a pariah
state, which nobody wanted to
touch. But by the time we left,
Nigeria was the darling of the
world. So (for that) I don’t think
there was anything I wanted to
achieve that I didn’t achieve.”
He however admitted that his
administration did not succeed in
fixing the power sector, but
blamed it on paucity of funds.
“If I had had money, I would
have started working on power
earlier than we started. People
have forgotten that when I came
in, there was little funds to do
much. But then we started the
National Integrated Power Project
and the oil companies that were
supposed to assist us were not
forthcoming. I think it was only
Agip that built something,” he
said.
To buttress the achievement of
his administration, Obasanjo said
when he became President in
1999, Nigeria’s reserve was $
3.7bn and the country was
spending $3bn every year to pay
interest on debts.
“At the time we owed about $
35bn. But by the time I left, our
reserve was about $45bn. We had
paid all our debts. Our debt sum,
all that we owed was about $3bn.
And we had about $35bn in what
we call the excess crude account
for a rainy day. And when we left
they said the rain has come and
cleared the account,” he said.
Obasanjo also stressed the need
for training of leaders in Africa to
effectively respond to the global
challenges and opportunities of
the 21st Century.

I cry for my country. May God help us.

Deiok: Pls help dis is my imei 357663018751986 nokia E51

help pls , security code.

I dont know why after these thieves left office. They still continue to give nigeria problem. May God help nigeria.

guy you take kpanraga. Or nah marijuana dey flow for ur brain so.

swtchicgurl: i heard cavani will lead d line for fulham and i hope mourinho scores this time after missing a penalty against AS roma.

This people are totally killing our economy. What is it with all this high currency of a thing in this country. Is it some kind of competion or race with other countries. Cause i dont usually see nigeriam coming first in any competition. Soludo and jonathan are the worst . Cbn chairman, and president we have ever have. I cry for the Economy of my country.

Congrate to akin. Now wating for pawpaw to take his own step.

Congrate to akin.

Long process. Just buy a new sim pack call costumer care then give them the needed information. If 141 isnt going . Goto airtel sim service in your phone menu and then clink on my airtel acc. Then clink on customer service to call their help desk.

Pls help dis is my imei 357663018751986 nokia E51

As for me i am not enjoying any of their bonus cause i dont have any one in my contact that is using airtel.

Ha ha ha nairaland get characters
all men dey vex.

I am realy getting tired of this multi tv stuffs.

Are this people(multi tv ) liars, they did anounce on joynews that they will be airing epl match live on saturdays on joysport but did not show any match. Mteww. Now their epg no longer shows.

This must be a new nairaland. Were irrelevant issues make the front page. Disappionted .

Stevolat: dey aird epl last season,it's only la liga we hope dey add 2 tv rite

Thats totaly not true, they show it after it has been played not live.

[quote author=George_D]curiousman66,
what you're experiencing now with multi-tv is nothing new. as a free to air bouquet it means you don't pay any
subscription for what they're giving you and hence they're totally at liberty to do whatever they like.
within reasonable limits most fta stations behave this way.
however even the so-called pay-tv channels where you are forced to pay through the nose for what you watch are
little different as they do also interrupt viewing (on a few occasions) whereby they slot in useless adverts
and inconvenience subscribers who have already paid to avoid these in the first place![/quote]Yeah it realy annoying

Woww... Joy sport have been granted the right to air EPL matches. That is an improvement to the multi tv group.

Gabbysky: [b]This act is just so wrong and should not be pardoned one bit, and I love the way Nigerians are rising up to condemn this evil, even in schools, offices and market places.
In April this year, PHCN disconnected our street of 42 buildings for over two weeks without notification, upon enquiry, we were told that they discovered so many illegal connections and meter by-passes, hence the need to disconnect the entire street to serve as punishment for all. After much appeal, and of-course, settlement, they re-connected us. So the Street Association passed a resolution signed by all Landlords/Building Reps and supported by the Police that any building found with illegal connection during routine or impromptu inspections by the Street special task-force, would be disconnected from the pole for one whole month and fined N50,000. Since then, that MADNESS has STOPPED.
We must rise up to our collective responsibilities and realise we are all stake holders in this thing and not just to leave everything for the Govt to handle. WE MUST MOVE FORWARD whether some people like it or not.
God Bless Nigeria![/b]

i like your matured comment . It goes to show we still have few responsible nigerians.

Willzkid: i rue vben we- Benin

you are right . Ovbie edo.

When will nigeri have a true president.
^when will boko haram finaly bomb aso rock.
^when will nigeria host the olympic.
^why are africans black.

She must be a doplegangler.

Also interested e mail. Osagiek@gmail.com

What about the canoeist event . We have a male representator. [Johny )

Ebuka44: The same thing is applicable with my own.is writing no or bad signal is anybody experiencing the same thing wth me.pls help.

are there no more gurus in the house. Pls help

Beaf is always an opposser.

Well none of us know for certain if realy is a true man of God or not so let not say things to wrong God will.

The list is well prepared but for me shiomole is the best governor, for those of you who know how pdp destroyed Edo state will understand what i am talking about.

It pains me to hear some people who dont know anything talking trash of not having light and phcn staffs disconnecting their light and collecting bribe, if you pay your bills will they disconnect your light, and those of you who don't know that the electricity problem of this country is in the hands of the past and present president of this country. You guys better go and do your research.

Goldie is a total disappiontment to nigeria. She doesnt posses any true naija quality.