Generations will pay from current Africa’s debt – Obasanjo

Olusegun Obasanjo, the former president of Nigeria, stated that the only choice left to the African people was to assist in the repayment of the debt that the continent’s leaders had accumulated.

Recall that in 2003, while serving as the nation’s president, Obasanjo and his Algerian counterpart worked to win debt relief for their country.

Obasanjo pointed out, nevertheless, that it would be nearly hard for any administration to obtain a similar gesture throughout the continent given the degree of mismanagement of the past debts waived off.

At a programme for involvement with the 2023 Future Africa Leaders Foundation recipients, which is a project of Pastor Chris Oyakhilome, Obasanjo made this statement.

Obasanjo stated that since debt is an albatross in any economy, neither a person nor a country should fall into this trap.

The former president stressed that “the coming generations will have no choice but pay the current debt being incurred by different countries in the continent,” citing a lack of leadership as the continent’s biggest issue.

He complimented Pastor Oyakhilome on his efforts to develop leaders. He said that more individuals like him were required in the country to overcome the leadership problem that the continent is currently experiencing.

“A leader should be able to set good examples, be bold and courageous when making decisions, accept mistakes and learn from them, as well as have a realistic dream,” Obasanjo stated during the Q&A session, highlighting the traits of a successful leader.

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