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Former President Olusegun Obasanjo, on Tuesday, says the failure of successive governments to continue with good policies put in place by their predecessors was the major reason Nigeria has not been able to make progress.
Obasanjo stated this in Abuja, at a panel discussion on the 10 years of Africa Finance Corporation, AFC, operations at the Infrastructure Summit.
In his remarks, former 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.
He noted that AFC had a “rough” beginning because of lack of understanding by political leaders who succeeded him.
Obasanjo also relived his tour of Singapore in an effort to unravel the secrets of the Singaporean success, with a view to applying same to the continent.
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.”
