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“Nigeria’s Challenges Stem from Poor Leadership, Not Complexity” – Obasanjo
Former President Olusegun Obasanjo has emphasized that Nigeria is not inherently difficult to manage, attributing the country’s challenges to inadequate leadership rather than its complexity.
Speaking at the maiden memorial lecture in honour of the late Akintola Williams in Lagos, Obasanjo stressed that while Nigeria is a multifaceted nation, it requires understanding and competent management, which has often been lacking in its leadership.
The event, titled *“Leadership Dynamics: Current Realities and Way Forward,”* was organized by the Institute of Chartered Accountants of Nigeria (ICAN) in Lagos.
During his address, Obasanjo noted that managing Nigeria effectively demands a deep comprehension of its complexities but dismissed the notion that it is an impossible task.
He urged leaders to be honest with themselves, the nation, and their faith as they navigate the responsibilities of governance.
“Nigeria is indeed a complex country, and that is something we must acknowledge,” Obasanjo stated.
“But it is not a difficult country to manage. What we need is leadership that is transparent, committed, and genuinely invested in the well-being of the people.”
Reflecting on his time in office, Obasanjo recounted his efforts to stabilize and grow Nigeria’s economy.
He expressed pride in the initiatives undertaken during his presidency, especially in managing the country’s finances, and noted that Nigeria’s economic condition was relatively strong under his leadership.
“When I served as president, I did everything I could with the resources available to me,” Obasanjo said.
“I can confidently say I gave my best to move the country forward.
For example, when I assumed office, Nigeria had only N3.7 billion in reserves, while we were spending N3.5 billion on servicing debts.
Faced with this, I prioritized seeking debt relief for the country. Despite being one of the top five oil exporters globally at the time, we were burdened by an unsustainable debt load.”
Obasanjo went on to detail the efforts that led to Nigeria securing debt relief, a significant achievement during his tenure.
He explained that the country’s debt burden, initially at N3.36 billion, was substantially reduced, allowing for a period of fiscal stability.
He also highlighted that by the time he left office, the country’s reserves had grown significantly.
“We didn’t just secure debt relief; we turned the situation around. By the time I left office, Nigeria had over N25 billion in excess crude, which was money saved from the budget surplus.
Additionally, our foreign reserves exceeded N45 billion, which positioned us for future growth and economic security,” he added.
In his tribute to the late Akintola Williams, Obasanjo lauded the iconic chartered accountant for his numerous contributions to Nigeria.
Williams, who was regarded as a pioneer in the field of accounting in the country, was also recognized for his social, economic, and political impact.
“Akintola Williams was not just a professional; he was a sage whose influence extended beyond the financial sector.
His contributions to humanity, both in Nigeria and beyond, remain a lasting legacy.
He deserves all the honours we can bestow upon him, even posthumously, for the indelible marks he left in various spheres of life,” Obasanjo said.
The lecture provided an opportunity for the former president to reflect on the importance of effective leadership in shaping Nigeria’s future.
He reiterated that while challenges remain, with the right leadership, Nigeria has the potential to overcome its difficulties and thrive.
Obasanjo’s speech resonated with many attendees, especially given the current socio-political and economic climate of the nation.
His call for a deeper understanding of Nigeria’s complexities, coupled with his reflections on leadership, served as a reminder of the critical role governance plays in determining a nation’s trajectory.
Lagos State Police react to claims of them taking money from dispatch riders on the Coastal Road in Lagos.
It started after a rumour was shared that police arrest and take money from riders as a demand for high bribes, sometimes reaching ₦200,000, and seize motorcycles if not given.
The Police Public Relations Officer, SP Benjamin Hundeyin, then addressed the claims online and stated in his statement that he disagreed that the rumour is true and stated, “The spread of misinformation only causes more harm than good. In this era, we can and must do better.”
It has been announced by the governor of Ogun that Tuesday 3rd of February is a public holiday in order to mark the 50th anniversary of the state creation.
This public holiday declaration was released in a statement by the secretary of the state, Tokunbo Talabi.
He then added that the holiday will provide as a day for the citizens to participate in the activities for the state milestone.
Former Kogi politician, Dino Melaye, faces backlash from the public after he shared a video on social media of him abroad and living well through his luxurious lifestyle.
In the same video, he speaks about Nigeria’s current economy and shares his disappointment.
He wrote, “See country, God help us to build a true nation where our wicked leaders will be in jail and the right people in power. Nigeria must be fixed. YES WE CAN.”
However, many state that what he posted and what he is saying contradict each other, and they accused him of sharing his own records to know if he was a corrupt leader.
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