Former President Olusegun Obasanjo asserted his accomplishments during his presidency from 1999 to 2007, claiming he successfully managed Nigeria's affairs. He highlighted efforts to achieve debt relief and improve the nation's reserves, emphasizing Nigeria's complexity but potential for effective governance in a recent lecture in Lagos.
In a recent lecture in Lagos, former President Olusegun Obasanjo proudly reflected on his presidency from 1999 to 2007, asserting that he fulfilled his responsibilities to Nigeria during his time in office. He stated, “When I was there, I did everything I should do for Nigeria and I can beat my chest and say that.”
Obasanjo highlighted the economic challenges he inherited, noting that Nigeria had only N3.7 billion in reserves while spending N3.5 billion on debt servicing. To address this, he pursued debt relief and successfully reduced Nigeria’s quantum debt from N3.36 billion to N3.6 billion. He emphasized that he left office with over N25 billion in excess crude savings and reserves exceeding N45 billion.
Despite acknowledging Nigeria’s complexity, Obasanjo expressed confidence in the country’s potential for effective governance. “Nigeria is a complex country, but it is not a difficult country to manage,” he asserted. He urged future leaders to be honest with themselves and the citizens they serve.
Obasanjo’s remarks have reignited discussions about his legacy, with supporters praising his economic reforms and critics questioning the long-term impact of his administration on issues like infrastructure and corruption. As Nigeria continues to grapple with its socio-economic challenges, Obasanjo’s insights provide a reflective lens on past leadership and its implications for the nation's future.
