President Olusegun Obasanjo is an enigma. A force of a man. Someone you can hate with passion and one you can love atimes. He has been a voice when there was none. He is also an egomaniac.
President Olusegun Obasanjo said he got less than PMB inherited in the treasury. True. But did he inherit the liability PMB inherited?
If I give my son 10m and problems of 9m, and another gives his son 5m and problems of 1m which is in a better position?
GEJ (again, I can hear the sighs) in an unprecedented move doubled wages without a corresponding doubling of revenues. His announcement three months to his first election, moved our recurrent to 76% of revenues. His Government did not stop there. They had created an additional 23 agencies where salaries that would make the private sector blush are paid at the end of 5 years. Adding more to recurrent.
Then it left nothing in savings and huge unaccounted for gaps in revenue. Surely you read the RMAFC on what it thinks NNPC owes the Federation. This does not mean it is stolen or lends credence to SLS claims. It just means a reconciliation is necessary.
Olusegun Obasanjo knows all this but he does what he knows to do best: play to the gallery.
So if you share the credit information do also share the debit side. You see it comes back to those that ran us to the ground. 4 fingers pointing backwards?
And I saw the basket of good prices done and shared gleefully comparing PMB and GEJ’s tenure. As in all things you reinforce the capable foundation the last one left making us fetch water from a stream after a downpour of 6 years. He built no dams.
Think carefully before you share such. You just might be providing evidence of the past waste and lack of savings.