Former Nigerian President Olusegun Obasanjo delivered a sobering message to young Africans on Wednesday, declaring that the continent’s current debt burden will likely be shouldered by future generations.
In a meeting with awardees of the Future Africa Leaders Foundation, Obasanjo voiced his pessimism about debt forgiveness, citing past mismanagement of previous debt relief efforts.
He noted that with the level of mismanagement of the previous debts written off for the country, it will be almost impossible for any administration to make similar gestures on the continent.
