/> I Warned About Recession When Jonathan Govt Spent ‘Recklessly’ – Obasanjo | Welcome to praizeblog

Former President Olusegun Obasanjo says he
foresaw and warned about Nigeria’s current
recession two years ago, but said he was ignored.

Mr. Obasanjo said he was concerned about
recession when he saw how “recklessly” the
Goodluck Jonathan administration spent the
country’s resources.
The former president spoke on Saturday in an
Independence Day message at a lecture organised
by the Youth Fellowship of Owu Baptist Church,
“Whoever that has lived to witness the celebration
of today should thank God,” he said. “Things are
not what they should be, but we should pray that
next year will be better than this year. We thank
God for those who are alive, we prayed for the
souls of those who have laboured for these country
and who have passed on to rest in perfect peace.”
Mr. Obasanjo said one of the major issues
threatening the peace of Nigeria now is the high
level of unemployment.
“Unemployment is a major problem in the country
today and if we don’t take care, it will consume all
of us. In fact, the rising unemployment is a time
bomb,” he said.
The former president recalled how he got five job
offers immediately he completed his secondary
school education at Baptist Boys High School,
He said he received offers from the United Africa
Company (UAC) and Moore Plantation, Ibadan,
among others. He said the situation is different
today in the country.
Mr. Obasanjo said the businessman, Aliko Dangote,
told him that six Ph.D. holders were among
applicants seeking jobs with his company as truck
Mr. Obasanjo said the high rate of unemployment
was responsible for youth restiveness in the
country, warning that the situation should be
tackled with all the “seriousness” it deserves
before it get out of hand.
The former president said the country cannot
develop if it pays no attention to agriculture.
“That is why we have to take it as a key of our
development else the many educated Nigerians
who have no job are like time bomb, sooner than
later, it will explode,” he said.

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