Former Secretary of the National Democratic Coalition (NADECO), Mr Ayo Opadokun has pointed accusing fingers at former President Olusegun Obasanjo on the dwindling economy of the country, saying that he was responsible for instability of Nigeria’s economy.
According to Opadokun, Obasanjo almost ruined the nation’s economy through corruption and other vices associated with his government, while serving as Nigeria’s President between 1999 and 2007.
The pro-democracy and human rights activist said Obasanjo was one of the most corrupt Nigerian Presidents the country has ever had in its history.
Opadokun buttressed his assertion with the allegation that the former President allocated a whopping N300 billion to the Ministry of Works and Transport during his first term in office without any road construction to show for the huge amount of money.
He stated this on Tuesday in Osogbo, while delivering his speech in a lecture titled: “Regionalism and Federalism: Panacea to Nigeria’s underdevelopment” to mark the 19 years anniversary of the annulment of June 12, 1993 Presidential election.
The public lecture was organized by Osun State Government,Opadokun said: “Obasanjo’s government allocated N300 billion to the Minister of Works for the first four years. Yet, Obasanjo did not commission a single road throughout his eight years in office.
“It is the same awful story with electricity. In spite of the huge petro-dollars his government spent on power supply, the capacity of power supply was below 3,000 megahertz when he left the office in 2007.
“Our social services generally have been grossly inadequate, while our infrastructures have become decayed and shameful given the size of our human and natural resources”.
Opadokun maintained that the current democratic practice in the country has not produced the desired result, saying: “This is not the kind of democracy we fought for. We are not experiencing the kind of democracy we should enjoy, haven gone through years of trauma and afflictions, courtesy of the military dictatorship.
“Our government evokes motion without movement. People’s expectation was that if we restore our country to democracy, the standard of living will improve drastically, but the reverse has been the case, and it has left Nigerians greatly disappointed”.
Opadokun, who was the former Secretary of the pan Yoruba socio-cultural organization, Afenifere called for the restructuring of the country’s polity, just as he blamed the military for balkanizing the country through creation of states and local government council areas to sooth their selfish interest.
“If there is a national restructuring, very few services will be allocated to the Federal Government, which will utilize the advantage of size conferred on it by the component units to legitimately deal with the matters like customs, currency and immigration,” he stated.