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Obasanjo Advocates Technocrats-Led Economic Solutions

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Former President Olusegun Obasanjo stated that Nigeria is home to a wealth of skilled technocrats who, if tapped, could play a crucial role in strengthening the nation’s economy. He emphasized the importance of harnessing these experts’ knowledge to build a resilient economic foundation.

He questioned why Nigeria continues to rely on individuals who, despite their limited capabilities, have led the nation into economic hardship. He expressed frustration over the tendency to settle for mediocrity rather than leveraging competent hands to improve the country’s financial stability.

The former president made his remarks during a valedictory ceremony held by Chrisland University in Abeokuta, honoring Prof. Chinedum Babalola, the outgoing Vice-Chancellor, as she completed her seven-year tenure.

He highlighted that Nigeria has no shortage of men and women of integrity who are fully equipped to lead the country in the right direction. He emphasized that every citizen has a role to play, advocating for a unified effort to achieve lasting progress.

Obasanjo said “Nobody will do it for us, we have to do it for ourselves and I believe there are people everywhere and we just have to look for them.

“Two major development banks in Africa are headed by Nigerians and the international trading organisation (WTO) is also headed by a Nigerian, Ngozi Okonjo-iweala.

“The number two woman in the United Nations, Aminat Muhammed, they are Nigerians, why are we hanging on to mediocre and then languishing in a harsh economy?”

He urged Nigerians to look inward and diversify the economy through agriculture, tourism, industry as well as education.

He said, “When I was the head of state, the country shipping line had five ships and 19 brand new ones were being ordered by my government which could have made it a total of 24. We took delivery of some and when President Shagari came, he took the delivery of others and l left in 1979.

Read also: Policy Instability Holding Africa Back, Obasanjo Says

“Coming back as a democratically-elected president in 1999, 20 years after, the 19 brand new ships have gone.

“Let me tell you the story of one of them, it was sold for half a million dollars. When they wanted a ship for training, they went ahead and bought the same ship they sold half a million dollars for two million dollars, nothing was done to it and they also spent one and half million dollars to make it sea-worthy.

“The week I took over as the elected president, they had just gone out on the first voyage and it was arrested for not being sea-worthy and they asked me to pay one million dollars to rescue it.

“When they told me the story, I said leave it with them, the people who arrested it will leave it the following day without a dime paid because it is a scrap and it will be a problem for them and that’s Nigeria.”

According to him, “If you go through the story of Nigeria Airways you will weep for Nigeria. Most of the people who did this got away with it because there were no consequences.”

He added, “Someone called my attention to an online publication and he said the man who was in charge of the police pension scheme stole a huge amount of money and was sentenced to two years imprisonment and paid a very ridiculous amount of money not to go to jail. Now what do you do? Why would anybody tomorrow not go and steal?”

The former president commended the courage of the founder and the visitor to the university, Dr Winfred Awosika, for her unwavering determination and commendable investment in the education sector of Nigeria.

He also praised the outgoing vice-chancellor for taking the institution from ground zero to enviable heights.

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