Nigerian governors frustrated us from saving for rainy day – Obasanjo | Nigeria News Today. Your online Nigerian Newspaper


Obasanjo, who spoke at the 2016 World Pension Summit in Abuja, lamented that many of the former state executives frustrated his genuine attempt to save a substantial portion of the country’s resources when there was excess oil revenue.

Obasanjo said at the event attended by global pension players and top government officials, “I remember when I was in government and I told, particularly, the governors, ‘please let us save for the rainy days.’

They said no!. “There was no rain at that time, now that the rain has come; there is nothing we can fall back on to cushion us.”

Obasanjo, however, commended the secured nature of the pension scheme, stating that despite the many years of sleaze in the Nigerian polity, the pension funds were not touched.

He said, “One of the things that makes me very happy in the pension scheme is that in the last five years, when almost everything goes, concerning public funds, pension funds remain sacrosanct. I believe that the pension funds are something we must preserve, no matter what we do.”

Obasanjo however called for caution in introducing innovations into the pension scheme to ensure that the ability of people to access their pension funds when they retire is not jeopardized.

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  1. Edo state governor Adams Oshiomole is number1 in the list. What did he achieve with the money? ...marrying in dollars in cape Verde Island.
    It tells you the mentality of some of our people in political positions.

  2. APC know if PDP win Edo State Adams Oshiomole will be in big trouble for all the money he squander so far, APC should flush out of Edo State their government is full of lies


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