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Former President Olusegun Obasanjo has said that the next generation of African countries will be bugged down by the huge debt profile of the continent.
Obasanjo made this disclosure during an engagement with 2023 awardees of the Future Africa Leaders Foundation, an initiative of Pastor Chris Oyakhilome.
In a statement yesterday by his Special Assistant on Media, Kehinde Akinyemi, Chief Obasanjo was quoted to have stated that with the level of mismanagement of the previous debts written off for some African countries including Nigeria, it will be almost impossible for any administration to get similar gesture in the continent.
Obasanjo declared that the debts were a trap that no individual or nation should fall into as it constitutes an albatross on any economy.
The former president who asserted that leadership was the number one problem facing the continent, said “the coming generations will have no choice but pay the current debt being incurred by different countries in the continent.”
He commended Pastor Oyakhilome for the efforts putting into building leaders adding that the nation needs more people like him to address the leadership crisis facing the continent.
Highlighting the qualities of a leader during the questions and anwers session, Obasanjo said, “A leader should be able to set good examples, being bold and courageous when making decisions, accepting mistakes and learning from them as well as having a realistic dream.”
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