OsazuwaAkonedo Audio ~ Obasanjo, Not ‘Wise’ To Pay Off Nigeria Debts – Tinubu
Obasanjo, Not ‘Wise’ To Pay Off Nigeria Debts – Tinubu
https://osazuwaakonedo.news/obasanjo-not-wise-to-pay-off-nigeria-debts-tinubu/21/11/2024/
#Economy #Achebe #Bola #Chinua #Debts #news #Nigeria #Obasanjo #Olusegun #ParisClub #Tinubu #USA #Yale ©November 21st, 2024 ®November 21, 2024 4:51 pm Nigeria apex lawmaking body, the Senate under the leadership of Godswill Akpabio has approved the sum of $2.2 billion fresh loan application by President Bola Ahmed Tinubu, few days after the President said the former Nigeria President from 1999 to 2007, Olusegun Obasanjo was not wise to have paid off Nigeria $15 billion debts he inherited, a statement the President made in reaction to Obasanjo speech at the Leadership Forum held in honour and memory of one of the country great literary icons, late Chinua Achebe at Yale University, United States of America, USA, and the new loan, if accessed, has made Nigeria debts profile to rise above ₦136 trillion, just as the country is currently and apparently borrowing money to finance recurrent expenditures especially borrowing funds to pay back previous loans. #OsazuwaAkonedo
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Speaker 1: Nigeria afplex lawmaking body, the Senate, under the leadership of
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godsthel Apamo, has approved the sum of two point two
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billion dollars fresh loan application by President Bola and Vettelubu,
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a few days after the President set the former Nigeria
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President from nineteen ninety nine to two thousand and seven,
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Alushevo Obasanjo was not wise to have clad of nigeria
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fifteen billion dollars debts.
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Speaker 2: He inherited, a statement.
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Speaker 1: The President meant in reaction to a Basanjo speech at
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the Leadership Forum held in honor and memory of one
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of the country great literary icons, let Chino Achebe Hotel University,
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United States of America USA, and the new loan, if accessed,
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has met nigeria debts profile to rise above one hundred
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and thirty six trillionniers, just as the country is currently
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and apparently borrowing money to finance recurrent expenditures, especially borrowing
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funds to pay back previous loans. Sahara Reporters News Network
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in the report few hours ago, stated that day the
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Nigeria Senate has finally approved a fresh two point two
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billion dollars about one point seven seven trillion neyras request
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met by President Bollatinubu. The legislative approval was given by
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the Senate after the submission of a report by ali Uamaku,
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Chairman of the Committee on Local and Foreign Dates. This sum,
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equivalent to one point seven trillion neyrus using the exchange
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rate of eight hundred lyras to a dollar, will be
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used to finance the nine point one trillion nayrus deficits
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in the twenty twenty four budgets.
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Speaker 2: Earlier, Nigeria Lidia’s.
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Speaker 1: Face was awashed with criticisms from former Nigerian President or
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Lushevu of Massenger, who strongly criticized President Bollatenubu’s leadership, stating
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that Nigeria is becoming a failing state due toward spread corruption,
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poor leadership and immorality of massa German. The remarks during
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his keynote address at the Chinua Achievement Leadership Forum held
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at Yale University, or Messenger emphasized that the country’s situation
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is dire with corruption, insecurity, conflict and disunity on the rise.
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He attributed Nigeria’s problems to the reign of Barbagos Law,
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President Mohammadu Buhari and Amulocon President Bolatinobu, citing the consequences
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of perversive corruption, mediocrity, immorality, misconduct, mismanagement, and injustice. The
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former president urged the leadership to prioritize the measurements of
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the people rather than succumbing to foreign influences.
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Speaker 2: He war against states.
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Speaker 1: Capture by Western interests, which he described as one of
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the most perversive forms of corruption. A Massenger noted that
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public institutions are being manipulated for personal gains, undermining the
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country’s progress. Or Massenger expressed concern about rising in security
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and food scarcity, emphasizing that addressing these issues is crucial
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to preventing instability. He accused politicians of exploiting vulnerable citizens
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instead of providing concrete solutions to their problems. In response
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to Obasanjo’s criticism, the presidency countered with allegations of hypocrisy,
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citing of Bassengo’s own leadership short comments during his tenure.
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Tenable speaking through the Office of the Special Advisor to
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the President, Baio Orlungus stated that Obasanjo’s administration was marked
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by corruption, including the Halimoton Brad scandal and the Felt
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sixteen billion dollars power Project Alushevan or Maassenger also called
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for the dismissal of the Chairman of IINEK, Mamoudiyakubu and
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officials of the Commission at all levels as part of
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a reform of the electoral process in Nigeria. He delivered
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the address titled Leadership, Felio and State Capture in Nigeria.
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In a pre recorded speech played at the event, a
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Passenger described the twenty twenty three general election as a
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travesty and that the reform of the electoral system is
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a key agenda for the country. The former president also
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called for shorter tenures for i Neck officials and a
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more rigorous vertin process to prevent the appointment of partisan individuals.
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As a matter of urgency, we must ensure the Iron
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Neck Chairperson and grand staff are thoroughly veted. The veteran
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exercise should produce dispassionate nonpartisan actors with impeccable reputations. Nigeria
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must ensure the appointment of new credible IQ leadership at
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the federal, state, local government and municipal, city, town and
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village levels with short tenures to prevent undesirable political influence
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and corruption. And to re establish trusts in the electoral
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system by its citizens, he said. He argued that the
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INC chairperson must not only be absolutely above board, but
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must also be transparently, independent and incorruptible. Abbasaner said the
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Commission willfully failed to utilize two many technological tools at
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its disposal, the Bimodel Voter Accreditation System BVS and the
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i neck Election Result Viewing Portal EREV during the twenty
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twenty three presidential election, despite the promises met by Yakubu.
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The BVAS and EREV are two technological innovations that prior
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to twenty twenty three were celebrated for their potential to
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enhance the accuracy and transparency of our election results, eliminate
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the thread of election rigging, and most public trust in
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electoral outcomes. These technologies were tilted by the INC Chairman himself.
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In the end, these technologies did not fail. I NECK
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willfully failed to use or implement them, which resulted in
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white spread voting irregularities. It was a case of inviting
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the fox into the hellhouse, he said. Details of President
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Bola and mattainable response to a passenger criticism titled former
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President of Bassenger was not an ideal leader to emulate,
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reached Verbarton below. In a recent display of his characteristic
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self importance, former President or lushgun Or Bassenger once again
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took to the public stage to bestow his Consoli city
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wisdom on leaders and governance in Nigeria. From his loafing perch,
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he blamed those who served after his tenure for the
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nation’s ria challenges. Unfortunately, the former leader’s habit of casting
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as passions on every subsequent administration has devolved into a
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recurring pastime of a shadow in the expectation of an
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elder statesman to join a constructive dialogue on attaining national progress.
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In his latest critique of the administration of President Muhammadu
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Buhari came he pejoratively called Babago’s law and President Bola Tlubu,
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who hit tap m Lucan. Chief of Massenger used the
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platform provided by Chinua achevelin Leadership Forum at Yale University
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to unfall his latest treaties on leadership and public morality.
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He also used the forum to write of Nigeria as
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a feign country. The irony of Chief of Bassenger using
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the platform that celebrates achieve to sammonize on the ideas
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of good governance, stat craft, economic management and corruption should
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be apparent to designing minds. When he was alive, Chia
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Achieve was a universally acclaimed moral, cultural and literary icon
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with its country regard. For Obasanjo. It is on recall
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that Professor Achieve rejected the third highest national honor bestowed
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on him by the Obasenger Land administration in two thousand
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and four on the grounds of the prevalence of abuse
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of power corruption for Leadershi You and in particular state’s
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consort Brigandage endorsed by Chief of Bassengoe in a chair
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based home state of Anambra. In Anambra, the former president
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actively supported the abduction of a sitting governor, doctor Chris
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Ingegee by non state actors led by Chris Luber, a
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younger brother of Obasanjoe’s senior aired. In rejecting the two
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thousand and four national honor by the Obassenger administration, achievemin
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declared Nigeria’s condition today honor your watch is two dangeros
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for silence. I was registered by disappointment and protest by
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declining to accept the high honor awarded me in the
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two thousand and four Honors List. Brazen illegality and assault
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on the Constitution of Nigeria reached a the storming height
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under the leadership of Chief of basseng Joe during a
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Messenger’s era, the unconstitutional impeachment of four governors who belonged
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to his party or called. The governors impeached by minority
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members of the Houses of Assembly were Joshu Darier of Plateau,
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Rashivi Ladoja of Oio, Io de la Fiochet of Ekity
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and Deprier Alanasia of Biosa. A man other who’s watch
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all of these ingredients infractions of court should certainly not
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be the one to give any lecture on leadership and corruption.
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He should not be taken seriously as he rings of
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profound hypocrisy of the worst form. Former President of Passenger
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has continuously pumped himself up as the economic Wizard of Nigeria,
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but a reality check showed he was nothing of such.
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He left unresolved many, if not all, of the problems
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of Nigeria which he itemized in his lecture. He even
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recently admitted that his government made a mistake by not
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focusing on gas development as the tenable administration does today
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all oil and glass players known that Nigeria has more
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gas on oil. The only positive of the Obasannger era
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was physical and monitoring policy management boing by a consistent
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rise include all prices throughout his eighty ottenure. This rise
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included all prices started in two thousand and feet in
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twenty thirteen when it reached over one hundred dollars per barrel,
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before a decline in twenty fourteen which set the All
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independent economy download. The current economic crisis. The All Progressives
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Congress administrations have been mattened since twenty fifteen is the
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product of the poor choices in economic management met by
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Obasa Joe and the two successors.
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Speaker 2: From his party.
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Speaker 1: A massenger price his government on paying the fifteen billion
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dollars date owed to the Paris Law. Still, it was
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not a wise decision as it was done when the
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country’s critical economic infrastructure across settles.
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Speaker 2: Was in shambos.
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Speaker 1: While all recepts brought money into the country, Abasanger failed
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to fix the deployer both federal roads or expand the
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national road network. He did not repair the Legos Ibadon Expressway,
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the Legos Avellocuta Road leading to his hometown in Abeokuta,
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the Auta Iederoical Road and many others. His administration also
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should have paid more serials attention to universities and polytechniques.
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In a joint vote of no confidence in our tertiary institutions,
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of Passenger and his deputy Artiko Albobaka sought to profit
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from their weaknesses by establishing their private universities as a
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certain president, Chief of Passenger abused his office to advance
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personal interest against the spirit and letters of our constitution
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when he corralled leading businessmen, women and government contractors to
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donate billions of naira for his allution or Passenger Presidential
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Library and results in Abeokuta and his burn University in Otta.
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After western billions of naira on a fell third time
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arm project in two thousand and seven, Chief of Massenger
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hurriedly organized a sham electoral process that would go down
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in history as the most fraudulent election held in Nigeria
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since nineteen sixty. The beneficiary of the sham election, Umaru
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yar Adua, admitted that the election was seriously flowed and
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as Justice Mohammad Bois his fanal recommended worked towards electoral reforms.
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It is hypocrisy rate large when a man who presided
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over the worst election in Nigeria demands the sack of
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the leadership of the independent National Electoral Commission. For eight years,
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the Obassenger administration led no significant investment in security. By
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modernizing the armed forces, he did not redesign the national
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security architecture or change the military doctrine. The most critical
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investment in our armed forces, especially in the military since
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the administration of President mu Shaghari in nainineteen eighty, was
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met by the APC LAN administration of President Bohari from
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twenty fifteen twenty twenty three. When President Bohari assumed office
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in twenty fifteen, the Air Force had fewer than three
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serviceable fighter jets and the Navy Valley had one serviceable vessel.
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Within eight years, President Bohari acquired over fourteen new fighter
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jets of different capabilities, including twelve to cano jets. He
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also acquired naval ships to strengthen the Nevy. The APC
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administration of Bohari developed the air wings of the Army
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and Navy and changed the entire armed forces into one
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of the most potent fighting forces in the world. President
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Tinobo has continued to sustain the same support and funding
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to the military and other security agencies. It is the
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reason the country is winning in the multi prong fight
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against Bokoharam, terrorists, bandits, kidnabas and other perpetrators of b
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olent crimes. In the last year, over four hundred terror
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and bandit kingpaigns have been eliminated and thousands of Nigerians
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have been freed from their abdoctors. The insecurity that engulfed
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Nigerians started under the Obassenger administration with militancy and kidnapping
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of ex controlled all workers in the Niger Delta, which
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letter became a festering wound from which the nation has
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not recovered. Markoharam, which became a violent movement in two
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thousand and nine, began its build up under of Basjoe’s regime.
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On matters of integrity, honesty and morality in public leadership,
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Chief of Bassengoe is certainly not a paragon of virtue
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for anyone to bodle after. Nigerians can still remember the
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mensive public spark between Chief of Passenger and his then
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Vice President, Article Abubaka over PTDF money that led to
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a Senate public hearing in two thousand and four. Details
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of the public hearing included unsettling evidence of how Abassenger
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instructed his vice president to buy sports utility vehicles for
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his mistresses with PTDF funds.
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Speaker 2: There was also the.
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Speaker 1: Hariboton bribe scandal, which the US Congress probe revealed bright
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parents were met to the highest political authorities at the
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villa while of Bassenger was in charge. Nigerians will also
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remember how the Orbassenger administration invested sixteen billion dollars on electricity,
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which left the country in utter darkness. The colossal amount
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spent on power was so embarrassing that President of Maarru
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musayar Adua, or Bassengo’s successor, ordered a probe. Similarly, a
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Bassengoe’s privatization program was scandalous. It did not delivering value
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for the country. His administration chieply sold national assets to
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chronics who strength the assets of the state owned enterprises.
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Stain point was the aluminium smelter Company Outscone in Ecot
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Abbasi Acquiringbom State built by the military government at the
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princely sum of three point two billion dollars. It was
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sold for one hundred and thirty million dollars. A Messenger
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also sunk money into turnaround maintenance of our refineries which
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never worked, leading to the massive importation of refined petroleum products.
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Such was the maasma of corruption under Or Bassenger that
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the former Governor of abr ou Jiuzokalu, his party member,
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petitioned the EFCAC, accusing of Bassenger of gross abuse of office.
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If Chief of Bassenger had addressed the many problems he
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credit in his Pony Retain Young lecture when he ruled
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Nigeria for eight years, President Buhari and President Tinubu would
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have had a much lighter burden of fixing the country
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while the tenable administration diligently worked to overcome the country’s
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economic alleges. It would be better and more advisable for
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former President of Basanjo to temper his self righteousness in
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his public discussions regarding our nation’s temporary difficulties. Instead, his
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remaining years would be better spent reflected on the mist
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opportunities during his own time in leadership, both as military
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Health of State and civilian President Bayo or Nungar, Special
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Advisor to the President on Information and strategies stated in
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a rebottal issued on behalf of President Bola Lettinubo on
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November eighteen, twenty twenty four. Cossua on Lady greenin niece
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in a morgage is our way,
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