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Recession, I warned Jonathan about ‘reckless’ spending says Obasanjo









Formal President Olusegun Obasanjo 

Formal President Olusegun Obasanjo yesterday accused the
immediate past president, Dr. Goodluck Jonathan of ignoring warnings about a impending recession and the consequences of the ‘reckless’ spending of his government.

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He said in Abeokuta that two years ago when he saw signs
that Nigeria was walking down the path of recession and the way the powers that were consuming  the nation’s
resources, he drew Jonathan’s attention to the danger
ahead, but was ignored.

The former president spoke yesterday during a lecture
organised by the Youth Fellowship of Owu Baptist Church,
Abeokuta to mark Nigeria’s Independence Day anniversary.

He said the economic situation in the country has turned
development upside down as “things are not what they
Should be.”

He cited the high level of unemployment which he described as a time bomb.

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“Unemployment is a major problem in the country today and if we are not careful, it will consume all of us. In fact, the
rising unemployment is a time bomb,” he said pointing out
that the high rate of unemployment was responsible for youth restiveness in the country.

He requested that the situation be tackled with all the
seriousness it deserves before it gets out of hand.
He added: “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.”

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“We thank God for those who are alive, we prayed for the
souls of those who have laboured for this country and who
have passed on to rest in perfect peace.”

The formal president recalled how he got five job offers
immediately he completed his secondary school education at Baptist Boys High School, Abeokuta.

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