Former President Olusegun Obasanjo, apparently making a veiled reference to President Muhammadu Buhari yesterday, said the way leaders react to issues now in Africa was not different from when they were in uniform
Obasanjo spoke in Abuja during one of the sessions at the ongoing 25th anniversary and annual meetings of the African Export-Import Bank (Afreximbank).
The session with the theme, “Are African Development Finance Institutions Living the Vision of the Founding Fathers? Insights from a Founding Father”, was moderated by the Lead Writer, Financial Times, William Wallis.
Obasanjo expressed apprehension that leadership challenges in Africa could trigger a replay of the ‘Arab Spring’ on the continent.
He said: “The present realities of our leaders, some of them who have been in uniform are still there as leaders today. The way they are reacting to issues now is not different from when they were in uniform.
“I am a bit worried. I am worried because whatever we may think about our problems, my worry is about the youth anger and frustration going into explosion in any of the countries of Africa.
“If we can learn a lesson from the Arab Spring, demography should not be a disaster. It should be an advantage.
“Leaders must be realistic and aware of innovations and new technology around them.”
Responding to a question on how Africa can break the barrier of under-developnent, he said: “We need to be the architects of our own fortunes. One of the things I wanted to do when I came out of prison and became president was to get debt relief.
“Many people told me it was not possible. But at the end we achieved it. When the international community sees that you are doing the right thing, you are doing what you are supposed to do, you will have sympathy, they will support you.
“We did what the international community wanted us to do without much promptings from them and then they took us seriously.
“One of the problems that I faced as president was the people who had retired and there was no money to pay them. Some of them were dying at pension offices and all that. Then, we decided to introduce the Contributory Pension Scheme. The last time I was told it had generated huge sums of money,” Obasanjo said.
Also yesterday, former President Olusegun Obasanjo, apparently making a veiled reference to President Muhamnadu Buhari, said the way leaders react to issues now was not different from when they were in uniform.
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