Former President Olusegun Obasanjo has said that the President Muhammadu Buhari-led government is driving Nigeria towards “disaster and instability”.
Mr Obasanjo said this in an exclusive interview with Premium Times at his Ibogun Olaogun ancestral home in Ifo Local Government Area of Ogun State, last month.
The interview is part of a special magazine publication by Premium Times, put together to commemorate Nigeria’s 20 years of democracy since 1999.
The former president fell apart with Mr Buhari ahead of the 2019 general elections and endorsed the president’s closest rival and his estranged vice president, Atiku Abubakar. Mr Abubakar, who served as vice president to Mr Obasanjo between 1999 and 2007, was the flagbearer of the opposition Peoples’ Democratic Party (PDP) in the 2019 election.
Speaking during the interview, Mr Obasanjo noted that although the country has made considerable progress since the new dispensation began in 1999, the pace at which it is currently moving shows the nation may be inching towards disaster and instability.
“I think we have no choice but to be on the path for sustainable development,” Mr Obasanjo said. “The progress we are making may be questionable—-Is it fast enough? Is it steady enough? Is it stable enough? Are we taking two steps forward and one step back or one step side-way?
“You can question that, but we have no choice but to be on (the) path for sustainable development. Any other thing will be a disaster. In fact, the pace at which we are going now is tending more and more toward disaster and instability and unsustainability.”
The former president argued that there is no confidence in the Nigerian economy today. Rather, he said, the gains recorded in the past have been frittered away over the years.
Speaking on what went wrong, the former president explained that Nigeria has failed to do what is right to instill confidence in domestic and foreign investors. The ripple effect of the nation’s indecision, he said, manifests in the state of the economy.
– Premium Times