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| Former President Olusegun Obasanjo |
Former President Olusegun Obasanjo didn’t waste time with his words during a recent event where the issue was being discussed. He sounded the alarm, saying this debt is choking the present generation and the generations to come. Look, it’s difficult to disagree with him, especially when the numbers keep on rising as if they were a kite in the sky.
Here is the thing: Obasanjo has been here before. In his previous term, he helped secure the cancellation of the Nigerian debt, which was a great achievement that started anew. Comparing a country’s situation with the past, it is possible to state that the progress that was so hard to achieve has been lost. Debt has turned, and it is now more threatening than ever.
This is where the problem lies—really, how this debt affects the common Nigerian. It’s not just figures in some table; it’s real-life consequences. More debt translates to more taxes, less provision of public services, and an economy that is as good as hanging by a thread. Given that the people of the country can hardly afford to eat, this is not just a matter of money but a question of human rights.
But here’s where things get interesting. Obasanjo isn’t throwing his hands in the air in despair. Far from it. He believes Nigeria’s story doesn’t have to end in financial ruin. According to him, the key lies in leadership, specifically, leadership that values integrity, merit, and the greater good over personal gain. He even pointed to nations like South Korea and Singapore as examples of how the right leadership can transform a country’s trajectory.
It is one thing to discuss about transformative leadership and another to find it in the real world. The Nigerian political system is not exactly full of strong leaders who put the interests of corruption in the nation first. Been a major setback in the country for many years, and to address it, more than just mere words are needed. It calls for courageous and unyielding measures.
But citizens, let’s see. There is not taking, but making leaders things all to that task, each responsibility, and demanding that every accountability be measured, person and shoulder that can get by can do involved the be to in leadership taken contribute the only. To political As bring the process about change is change. That some and we want people the is to and because, thus the strong government is made up of people behind it.
Then what? Is there a way to stop this debt spiral? Is it possible to get the budget back into the black while still preserving the future? These are not easy questions, but these are in fact the very questions that need to be asked.
The truth of the matter is that it is not a problem of money; it is also a problem of optimism. To ensure that the children of tomorrow do not inherit a financial crisis. A country Although already it is crushed, it may seem that there is no way out; there is not.