Finally, Obasanjo blasts Buhari, opposes $30bn foreign loan

Former president, Olusegun Obasanjo has replied Buhari with burning coal over his continues blame of past administrations as the cause of recession

Baba described Buhari’s allegation as “uncharitable, fussy and uninstructive”.

He openly opposed plans by the president to borrow $30bn abroad

Obasanjo advised Buhari to stop the blame game and rather plan well, stating it is “adhocry”.

He warned the president to be democratic as “economy neither obeys orders nor does it work according to wishes


Former President Olusegun Obasanjo, yesterday blasted President Muhammadu Buhari over his continues blame of past administrations as the cause of recession at a public lecture held in Lagos on Wednesday.

In his speech at the maiden Akintola Willians Annual Lecture, OBJ said, though he understood the frustration of Buhari, however, the president must not forget that the people voted him into power because the expected him to deliver the change he promised. He also urged the Buhari to bring everyone on board in his effort to better the nation.

Obasanjo’s words:

“The blanket adverse comments or castigation of all democratic administrations from 1999 by the present administration is uncharitable, fussy and uninstructive.

“Politics apart, I strongly believe that there is a distinction between the three previous administrations that it would be unfair to lump them all together. 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.

“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.

“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 efforts.

“The longer it takes, the more intractable the problem may become. It is normally the responsibility of the government to mobilize the citizenry for all hands on deck to ensure good governance and accountability. All men and women of goodwill in Nigeria must be part of the exercise.

“The fundamentals to achieving such a situation are justice, fairness, equity, popular participation and equal opportunity. In the last seven to eight years, we have slipped back on these fundamentals. The result is that our country is today more factionised than we were ten years ago.

“For the purpose of nation-building, it is not a satisfactory situation to be in especially when we need all hands on deck to work and walk our way out of recession. Open government must be seen and made to work as partnership in which all have a stake and an interest.

“I am sure that such a comprehensive policy and programme will not support borrowing $30 billion in less than three years. It will give us the short, medium and long-term picture.

“Adhorcry is not the answer but cold, hard headed planning that evinces confidence and trust is the answer. 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 not fools and the 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 shortermism. Short-term may be the enemy of medium and long-term. We must also make allowance for the lessons that most of us in democratic dispensation have learned and which the present administration seems to be learning.


This is coming just days after Lai Mohammad had disclosed that the government would no longer make excuses.




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