As Nigerians are currently facing hardship as a result of an economy in recession, a former president has accused his former governors of contributing to the economic woes being experienced in the country.
Olusegun Obasanjo
Speaking at the 2016 World Pension Summit in Abuja, former President Olusegun Obasanjo, on Tuesday, accused former governors of
contributing to the economic woes afflicting the nation by opposing his government’s efforts to save for the rainy day when the price of oil was higher.
According to Vanguard, the former military leader lamented that many of the former state executives frustrated his genuine attempt to save a substantial portion of the country’s resources when there was excess oil revenue.
Narrating further at the event attended by global pension players and top government officials, he said; “I remember when I was in government and I told, particularly, the governors, ‘please let us save for the rainy days.’ They said no!.
“There was no rain at that time, now that the rain has come; there is nothing we can fall back on to cushion us.”
He commended the secured nature of the pension scheme, stating that despite the many years of sleaze in the Nigerian polity, the pension funds were not touched.
“One of the things that makes me very happy in the pension scheme is that in the last five years, when almost everything goes, concerning public funds, pension funds remain sacrosanct. I believe that the pension funds are something we must preserve, no matter what we do,” he said.
Obasanjo however called for caution in introducing innovations into the pension scheme to ensure that the ability of people to access their pension funds when they retire is not jeopardized.
No need to visit
Tonygists just use the android application click for more info
Tonygists android application
Visit some of the website built by tonygists
1. south south penpushers :
south south pen pushers
2. kingdom builders :
Kingdom builders
Tonygists bro:
honest zone
Are You On youtube? subscribe to Hot GIST Channel Latest Updates - @Hot Gist
Are You On youtube? subscribe to Gospel World (which is also owned by Tony Gists) youtube Channel Latest Updates - @Gospel world
Are you on audio mack? Follow Tonygists on audio mack to listen and download to the latest Mfm sermons Latest Updates - @Tonygists
Follow Tonygists on LinkedIn to get more jobs opportunities Latest Updates - @Tonygists
Are You On youtube? subscribe to Honest Ose Channel Latest Updates - @Honest Ose
Are You On youtube? subscribe to Honest Web Solutions Channel Latest Updates - @Honest Web Solutions
Are You On youtube? subscribe to Xtremely Honest Channel Latest Updates - @Xtremely Honest
Are You On Twitter? Follow Us Now For Latest Updates - @tonygists
Are You On FACEBOOK? Like Our Page For Latest Updates - tonygists
Are You On FACEBOOK? Join Our Group For Latest Updates And Interactions - TonyGists
© 2025 Tonygists | Portions are © 2025 Associated Press. All rights reserved. This material may be published, broadcast, rewritten, or distributed.
Share This Post Via
:)
:(
hihi
:-)
:D
=D
:-d
;(
;-(
@-)
:P
:o
:>)
(o)
:p
:-?
(p)
:-s
(m)
8-)
:-t
:-b
b-(
:-#
=p~
$-)
(y)
(f)
x-)
(k)
(h)
cheer
