Former president Olusegun Obasanjo has said that the current rising unemployment is a time bomb.
High Chief Obasanjo made this known in an Independence Day address in Abeokuta on Saturday.
The former president proffered solutions to the present economic challenges the country is facing.
Obasanjo attributed the restiveness in certain parts of the country to unemployment.
While speaking at the occasion, Chief Olusegun Obasanjo disclosed that he had warned the immediate past administration about the looming recession.
Obasanjo stated that although he warned, he was ignored.
The ex-president was quoted to have said he gave the warning when he saw how recklessly the immediate past administration was spending the country’s money.
Obasanjo, made the shocking revelations on Saturday, October 1 while delivering a lecture at Owu Baptist Church, Abeokuta.
Rising Unemployment In Nigeria A Time Bomb – Obasanjo
“Whoever that has lived to witness the celebration of today should thank God.
“Things are not what they should be, but we should pray that next year will be better than this year.”
“We thank God for those who are alive, we prayed for the souls of those who have laboured for this country and who have passed on to rest in perfect peace.
“Unemployment is a major problem in the country today and if we don’t take care, it will consume all of us.
“In fact, the rising unemployment is a time bomb.”
High Chief Obasanjo recounted how he got five job offers immediately after graduating from high school.
The former president identified unemployment as the cause of youth restiveness in the country.
He urged the present administration to pay attention to agriculture, otherwise, the country may not develop.
Obasanjo further stated that it is important that agriculture is taken as a key aspect of Nigeria’s development.
He warned that:
“Else the many educated Nigerians who have no job are like a time bomb, sooner than later, it will explode.”
Earlier today, President Muhammadu Buhari had assured Nigerians in his independence day address that the recession will not last.
The president affirmed that he was aware of the suffering and is doing the right things for the country.