I warned about recession, 2 years ago, when GEJ govt spent ‘recklessly’ – Obasanjo

Yesterday, in an Independence Day message, former President Olusegun Obasanjo said he foresaw and warned about Nigeria’s current recession two years ago, when he saw how “recklessly” the GEJ administration spent the country’s resource, but said he was ignored, PremiumTimes reports .



Speaking further, he said “Whoever that has lived to witness the celebration of today should thank God. Things are not what they should be, but we should pray that next year will be better than this year.

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." The former president recalled how he got five job offers immediately he completed his secondary school education.

He said the situation is different today in the country, pointing out that businessman, Aliko Dangote, told him that six Ph.D. holders were among applicants seeking jobs with his company as truck drivers.

He noted that 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.

He said the country cannot develop if it pays no attention to agriculture, saying: “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."....