Obasanjo Reflects on His Tenure: Highlights Debt Relief and Economic Achievements.

Olusegun Obasanjo, the former president of Nigeria, has declared that his government was among the best the nation has ever had.

Speaking yesterday, June 18, in Abeokuta, Obasanjo addressed the youth at the Olusegun Obasanjo Presidential Library (OOPL) Youth Development Centre at the Safe Online Youth Fellowship Bootcamp, which was sponsored by NerdzFactory Company with assistance from Meta.

He recounted the historic accomplishments his administration between 1999 and 2007 achieved while in power.

He claimed credit for freeing Nigeria from the shackles of crippling debt and expressed delight in the country's 25 years of continuous democracy, which began in 1999, when he took office as democratic leader.

He stated; “When I came in as elected President, I wanted to get debt relief because we were spending $3.5 billion every year servicing debt and the quantum of the debt was not going down. Today, I can say that I made Nigeria better than I found it from an economic perspective. 

“I found $3.7 billion in the reserves and we were spending $3.5 billion to service our debt. By the time I left, we had a debt of about $36 billion with the debt relief, and I left with a debt of $3.6 billion. Also, I left a reserve of over $50 billion. I also achieved excess crude for the country worth over $25 billion.”