TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

Obasanjo attacks Buhari: Stop complaining, fix Nigeria’s economy, drop $30bn loan bid

The Citizen by The Citizen
November 24 2016
in Headlines, Latest News
A A
1

Former President Olusegun Obasanjo on Wednesday came hard on President Muhammadu Buhari, urging him to fix the country’s economy as he promised during electioneering rather than expressing frustration at the gloomy economic situation.

Obasanjo spoke during a lecture he delivered at the First Akintola Williams Annual Lecture in Lagos titled, “Nigeria yesterday, today and tomorrow: Governance and accountability.’’

He said that it would have been needless for Nigerians to cry for a change of government if things were rosy in the country before Buhari took over.

The ex-President also faulted the proposed borrowing of US$30bn by the Buhari administration, arguing that such would amount to taking the soft option capable of hurting the country in future.

Besides, he cautioned Buhari against castigating his administration alongside previous ones, describing such as uncharitable, fussy and uninstructive.

According to Obasanjo, if the current administration does not fix the economy to relieve the pain and anguish of many Nigerians, the gains recorded in fighting insurgency and corruption will pale into insignificance.

Obasanjo stated, “It is easier to win an election than to right the wrongs of a badly fouled situation. When you are outside, what you see and know are nothing compared with the reality. And yet once you are on seat, you have to clear the mess and put the nation on the path of rectitude, development and progress leaving no group or section out of your plan, programme and policy and efforts. The longer it takes, the more intractable the problem may become.

“I understand President Buhari’s frustration on the state of the economy inherited by him. It was the same reason and situation that brought about cry for change, otherwise there would be no need for change if it was all nice and rosy.

“Now that we have had change because the actors and the situation needed to be changed, let us move forward to have progress through a comprehensive economic policy and programme that is intellectually, strategically and philosophically based.’’

He also warned that the anger of the citizenry particularly the youth might be spurred if the current administration did not get it right in good governance and accountability.

Obasanjo also warned the Federal Government against the planned $30bn foreign it intended to take.

He said, “We immediately need loans to stabilise our foreign reserve and embark on some infrastructure development but surely not $30bn over a period of less than three years. That was about the magnitude of the cumulative debt of Nigeria which we worked and wiped out 10 years ago.

“Before that debt relief, we were spending almost $3bn to service our debt annually and the quantum of the debt was not going down. Rather, if we defaulted, we paid penalty which was added on. Economy neither obeys orders nor does it work according to wishes. It must be worked upon with all factors considered and most stakeholders involved.

“The investors, domestic and foreign, are no fools and they know what is going on with the management of the economy including the foreign exchange and they are not amused. The Central Bank must be restored to its independence and integrity. We must be careful and watchful of the danger of short-termism. Short-term may be the enemy of medium and long-term.’’

Obasanjo took a swipe at the National Assembly, describing it as a den of corruption by a gang of unarmed robbers and stinking worse than the judiciary.

He said, “Once you are a member, you are co-opted and your mouth is stuffed with rottenness and corruption that you cannot opt out as you go home with not less than N15m a month for a senator and N10m a month for a member of the House of Representatives. The National Assembly is a den of corruption by a gang of unarmed robbers.’’

He said, “If the judiciary is being cleaned, what of the National Assembly which stinks much worse than the judiciary? Budget padding must not go unpunished. It is a reality, which is a regular and systemic practice. Nobody should pull wool over the eyes of Nigerians. Ganging up to intimidate and threaten the life of a whistle-blower is deplorable and undemocratic.’’

He also accused the National Assembly of using ‘so-called constituency projects’ as a conduit for corruption.

“These constituency projects are spread over the budget for members of the National Assembly for which they are the initiators and the contractors directly or by proxy and money would be fully drawn with the project only partially executed or not executed at all. The National Assembly cabal of today is worse than any cabal that anybody may find anywhere in our national governance system at any time,” he said.

According to him, members of the National Assembly pay themselves allowances for staff and offices they do not have or maintain.

Stating that like the judiciary, the National Assembly cannot clean itself, he lamented how the re-current budget of the lawmakers with the so-called constituency projects had ballooned since the inception of the current democratic dispensation.

Obasanjo stated, “Our lawmakers are lawbreakers. They are the accused, the prosecutor, the defenders and the judge in their own case. Most of them conduct themselves and believe that they are not answerable to anybody. They are blatant in their misbehaviour, cavalier in their misconduct and arrogant in the misuse of parliamentary immunity as a shield against reprisals for their irresponsible acts of malfeasance and/or outright banditry.’’

The ex-President urged Buhari to ride on the popularity of current happenings in the judiciary to establish a highly technical team of incorruptible investigators to investigate the so-called constituency projects of the past and the present and bring culprits to book.

He faulted a situation where a person supposed to be screened by the National Assembly for public appointment would be told to give a bow without any screening because he or she was an ex-lawmaker.

He added that such an action amounted to dereliction of duty on the part of the lawmakers.

He also urged the President to return the procurement system in the military to what it used to be.

Obasanjo further said three weeks after the process of saving the judiciary began, he learnt that there might be not less than two score of judicial officers having questions to answer.

The ex-President added that when justice was only for sale and could only be purchased by the highest bidder, impunity and anarchy would be the order of the day and none would be safe.

Obasanjo stated, ‘‘There is virtually no corrupt judge without being aided by a member of the bar. The Nigerian Bar Association has the responsibility to clean up its own house and help with the cleaning of the judiciary. It is heartening though that some members of the NBA have recently called for judicial reform. Such reform must be deep, comprehensive and entail constitutional amendments as appointment and disciplines of judges are concerned. It must also be said that the good eggs within the judiciary must be proud of themselves and we must not only be proud of them but also protect them and their integrity.’’

Obasanjo also commended “all the foot soldiers in the war against corruption – the different panels of enquiries, the ICPC but particularly the EFCC which is now showing that it is a bull dog that can bite.”

He  appealed  to the Judiciary not to frustrate the efforts of the anti-graft agencies “through flimsy technicality and interminable adjournments.’’

In another vein, he said though Akintola Williams was never in government, his contributions surpassed those of many others who passed through portal of government without much positive achievement or contribution to show for it.

Previous Post

Pres. Buhari has no plans to end recession – Senate

Next Post

EFCC fails to stop bail for Dasuki’s aide, security consultants ….defendants deny N1.5b fraud charge

Related Posts

Insecurity: Govs seek swift establishment of state police
Governance

Insecurity: Govs seek swift establishment of state police

June 19 2026
FG to allow journalists join troops during military operations
Headlines

FG to allow journalists join troops during military operations

June 19 2026
FG rules out fuel, telecom taxes despite IMF recommendation
Business

FG rules out fuel, telecom taxes despite IMF recommendation

June 17 2026
Edo govt shuts schools as DSS uncovers plot to abduct students
Governance

Insecurity: Nigeria bleeding, confused – Reps lament

June 17 2026
JAMB releases first batch of 632,788 UTME results
Latest News

JAMB releases 2026 UTME original result slips for printing

June 17 2026
NYSC releases passing-out date for Batch ‘A’ Stream II
Latest News

NYSC blacklists 3 Kebbi LGAs over insecurity

June 17 2026
Next Post

EFCC fails to stop bail for Dasuki’s aide, security consultants ….defendants deny N1.5b fraud charge

US elections: President elect, Trump begs Americans

Comments 1

  1. Tyarow says:
    10 years ago

    Wow! What an avalanche of acerbic criticism from Bosanjo directed at the administrators of three most essential arms of government in Nigeria.
    Is the hands of Obadanjo himself clean? Let’s set that aside for the moment. What we couldn’t do is to denial the fact that Obasanjo’s critics of marauding officials of these three institutional pillars of government are open facts.
    Will the stings of his criticism have a bitting effects and will it elicit ripples of needed, tangible and positive changes from those institutions.
    Most Nigerians wouldn’t hold their breaths to find out. They would reckon we’ve all heard it all before like an old cliche. But as cliche as Obadanjo’s latest criticism may sound, it needs to be said quite often and repeatedly so until we break the congenital deafness of all those mismanaging and running down our institutional governments.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Bauchi Electoral Commission fixes August 17 for LG election

Bauchi Electoral Commission fixes August 17 for LG election

by The Editor
June 19 2026
0

...

Court grants indigenous status to Hausas born in Jos North

Court grants indigenous status to Hausas born in Jos North

by The Editor
June 11 2026
0

...

42-year-old Sheikh Dasuki emerges Chief Imam of Ilorin

42-year-old Sheikh Dasuki emerges Chief Imam of Ilorin

by The Editor
June 11 2026
0

...

His Royal Majesty, Obi Ifechukwude Okonjo II: Progressive Monarch fighting for his people

His Royal Majesty, Obi Ifechukwude Okonjo II: Progressive Monarch fighting for his people

by The Editor
June 4 2026
0

...

APPOINTMENTS

UK Prime Minister picks ex-army officer Dan Jarvis as new defence ministe

UK Prime Minister picks ex-army officer Dan Jarvis as new defence ministe

by The Editor
June 11 2026
0

...

NCC appoints Princess Oforitsenere Emiko as interim Chairman of the Digital Bridge Institute Governing Board

NCC appoints Princess Oforitsenere Emiko as interim Chairman of the Digital Bridge Institute Governing Board

by The Editor
June 9 2026
0

...

Pres. Tinubu swears in two new ministers

Pres. Tinubu swears in two new ministers

by The Editor
June 8 2026
0

...

Tinubu appoints Zainab Marwa into NDDC Board

Tinubu appoints Zainab Marwa into NDDC Board

by The Editor
June 4 2026
0

...

ODDITIES

Auto Draft

Bandits kill Katsina businessman after N5m ransom payment

by The Editor
June 17 2026
0

Air Force officers beat Lagos driver to death after minor crash

Air Force officers beat Lagos driver to death after minor crash

by The Editor
June 16 2026
0

Judgement on filming police deepens freedoms – Punch

Police arrest pregnant woman for supplying logistics to Abuja kidnappers

by The Editor
June 15 2026
0

GLOBAL NEWS

Israel, Hezbollah agree to ceasefire

Israel, Hezbollah agree to ceasefire

by The Editor
June 19 2026
0

...

US bids goodbye to Air Force One as Trump’s Qatari jet awaits takeoff

US bids goodbye to Air Force One as Trump’s Qatari jet awaits takeoff

by The Editor
June 19 2026
0

...

Fear heightens as deadline for migrants to leave South Africa looms

Fear heightens as deadline for migrants to leave South Africa looms

by The Editor
June 17 2026
0

...

Somaliland opens Jerusalem embassy after Israel’s recognition of independence

Somaliland opens Jerusalem embassy after Israel’s recognition of independence

by The Editor
June 17 2026
0

...

UK bans U-16s from social media

UK bans U-16s from social media

by The Editor
June 15 2026
0

...

State of the States

Ekiti election: Police restrict movement on Saturday, exempt exam candidates

Ekiti election: Police restrict movement on Saturday, exempt exam candidates

by The Editor
June 19 2026
0

...

Lagos shuts Iddo Bridge for repairs

Lagos shuts Iddo Bridge for repairs

by The Editor
June 17 2026
0

...

Kano closes schools for Eid-el-Kabir

Islamic New Year: Kano declares Tuesday public holiday

by The Editor
June 15 2026
0

...

Kinsmen honour Gov. Mbah at grand reception

Kinsmen honour Gov. Mbah at grand reception

by The Editor
June 15 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Israel, Hezbollah agree to ceasefire

Israel, Hezbollah agree to ceasefire

June 19 2026
Insecurity: Govs seek swift establishment of state police

Insecurity: Govs seek swift establishment of state police

June 19 2026
DSS rejects foreign funding for proposed security trust fund

DSS rejects foreign funding for proposed security trust fund

June 19 2026
Constitution Review: NASS targets Dec 25 for 1st alterations

NASS jumbo pay under scrutiny, again – Punch

June 19 2026

EDITORIAL REVIEW

Constitution Review: NASS targets Dec 25 for 1st alterations

NASS jumbo pay under scrutiny, again – Punch

by The Editor
June 19 2026
0

Waste crisis in states – Punch

Waste crisis in states – Punch

by The Editor
June 17 2026
0

Party primaries of discontent – Punch

Party primaries of discontent – Punch

by The Editor
June 15 2026
0

The reign of kidnappers – Thisday

The reign of kidnappers – Thisday

by The Editor
June 11 2026
0

Foreigners looting national assets intolerable – Punch

Foreigners looting national assets intolerable – Punch

by The Editor
June 10 2026
0

Opinion

Trump’s U-turn on Iran war ends Israel’s Middle East dream

Trump’s U-turn on Iran war ends Israel’s Middle East dream

by The Editor
June 17 2026
0

...

Terrorists kidnap Army Major General, wife in Katsina

Slain General: When the protectors need protection

by The Editor
June 17 2026
0

...

Bandits attack mosque, kill 1, abduct 9 in Kaduna

When terrorism becomes the talk of town

by The Editor
June 9 2026
0

...

Of bandits and their informants/sponsors

Of bandits and their informants/sponsors

by The Editor
June 1 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.