Why Nigeria has not made progress - Olusegun Obasanjo criticizes leaders

- Olusegun Obasanjo Nigeria's former
president has revealed stumbling blocks to
the country's progress
- Speaking at the Africa Finance
Corporation (AFC) conference on May 16,
he spoke on necessary structures for
growth
- He also spoke on the importance of
infrastructural projects across Africa
Former President Olusegun Obasanjo,
while speaking at the AFC conference on
May 16 said that Nigeria has not been
able to make progress because
successive governments failed to
continue with good policies put in place
by their predecessors.
Obasanjo spoke along with others like
Charles Soludo and Acting President
Yemi Osinbajo in Abuja, at a panel
discussion on the 10 years of AFC,
operations at the Infrastructure
Summit.
President Obasanjo, said that the
continent has been unable to develop
due to the penchant of its leaders to
discontinue the few things that had been
done right.
Olusegun Obasanjo with Yemi Osinbajo at the
event

Drawing on his experience during a
tour of Singapore, he said: “I remember
taking 40 young and up-coming Africans
to Singapore some years back. Lee Kuan
Yew hadn’t written his book “from Third
World to First World,” and we wanted
him to tell us how he did it. We wanted
to know the magic and Yew told us there
was no magic.
“He said: There is no magic. We did a
few things right and we continue to do
them right. We in Africa have done a few
things right. Our problem is that we
don’t continue to do them right.
“Many things are wrong about Africa
but a few are right. We should continue
to do those things that are right.”
READ ALSO: Abuja Court asked to sack
President Buhari and Osinbajo
Prof Soludo, on his part, said: “The Sub-
Saharan Africa is just the size of Belgium
in economic terms. You can imagine
Belgium being divided into 54 isolated
countries.
"Second, several studies have shown that
about 40 per cent of non-land private
Africa’s wealth happened to be outside of
Africa and the missing link, really, is
creating the kind of platform to unleash
African capital to be able to move across
borders, to mobilize African capital.
“Because in my view, it’s only the African
capital that can form the fulcrum. If
African capital doesn’t move, is it the
domestic capital that will say to the
foreign capital, here is the place to make
money?
“So AFC is to provide that kind of
platform, to mobilize African capital to
move across borders where African
capitals infrastructure which has been
the missing link, can begin to fill in the
missing dots in terms of linking this
small, if you like, these disarticulated
Belgiums, as it were.”
Meanwhile, Acting President Yemi
Osinbajo was at the event and NAIJ.com
gathered some of his most important
quotes.
One thing he said was: "Uncertain and
turbulent as the last decade was for
Africa and indeed world economies, it
appears inevitable that the next decade
will be even rockier. Indeed it would
seem that the only certainty in the
future is the uncertainty."
Watch this NAIJ.com video on Osinbajo
and what Nigerians think of him:

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