Former President of Nigeria, Chief Olusegun Obasanjo has said that future of youths in Nigeria is at high risk should government continues to borrow.
Obasanjo made this statement during “Why I Am Alive” celebratory event in Lagos.
He decried the foreign debt profile of the country and warned that the future of the youths will be in jeopardy if government continues borrowing to solve the challenges facing the nation.
“I fear for the future we are bequeathing to our children and to their children and their children’s children” he said. “I believe that it will be foolhardy, irresponsible and wicked for us to tie a mill of stone around the neck of the successor generations of Nigerians. We need to take hard and important decisions that will facilitate a balanced allocation of resources to both capital and recurrent expenditures.” the revered leader added.