₦airaland Forum

…We’ve begun clearing pension liabilities-Buhari
By Michael Eboh and Susan Onuorji

Former President Olusegun Obasanjo, Tuesday, accused former governors of contributing to the economic woes afflicting the nation by opposing his government’s efforts to save for the rainy day when the price of oil was higher.

Obasanjo, who spoke at the 2016 World Pension Summit in Abuja, lamented that many of the former state executives frustrated his genuine attempt to save a substantial portion of the country’s resources when there was excess oil revenue.

Obasanjo said at the event attended by global pension players and top government officials, “I remember when I was in government and I told, particularly, the governors, ‘please let us save for the rainy days.’ They said no!.

“There was no rain at that time, now that the rain has come; there is nothing we can fall back on to cushion us.”
Obasanjo, however, commended the secured nature of the pension scheme, stating that despite the many years of sleaze in the Nigerian polity, the pension funds were not touched.

He said, “One of the things that makes me very happy in the pension scheme is that in the last five years, when almost everything goes, concerning public funds, pension funds remain sacrosanct. I believe that the pension funds are something we must preserve, no matter what we do.”

Obasanjo however called for caution in introducing innovations into the pension scheme to ensure that the ability of people to access their pension funds when they retire is not jeopardized.

Hiploko:
Obasanjo now a wailer. Thank God no be GEJ or NOI talk am. Zombies, over to una.. Pls bring Amaechi and Fashola along. Happy recession

sarrki:
Fmr President Gej is a weak leader he lacks the political

Will to save.

That is what baba is trying to lecture your hero & his followers

Hiploko:
buhari is a very strong leader, if he handles even John Cena, d guy will vanish. He has the will to save and has saved Dasuki's $2.1B and other billions they were mentioning that time. Infact what he has saved now ehn, can make Nigeria become Dubai... Zombie! Get well soon... Obasanjo spoke about his administration and not GEJS'.... Happy 2nd recession in history

sarrki:
Lol

The truth is no matter how you want to justify your hero

He's still one of the biggest mistakes Nigeria ever made

The truth is bro we can't go back to Egypt

Stelvin101:
I woke up today and asked myself. Did anybody swear for this country saying "it shall never be well with Nigeria" because I nor just understand which kind system of government and people we have in this country
As for OBJ I have nothing to say to you yet. Kwantinu

sarrki:
Fmr President Gej is a weak leader he lacks the political

Will to save.

That is what baba is trying to lecture your hero & his followers

Hiploko:
if where we are currently is not Egypt, then I fear because any other Egypt is hell!!!

sarrki:
Lol

The truth is no matter how you want to justify your hero

He's still one of the biggest mistakes Nigeria ever made

The truth is bro we can't go back to Egypt

sarrki:
Fmr President Gej is a weak leader he lacks the political

Will to save.

That is what baba is trying to lecture your hero & his followers