Former Nigerian President Olusegun Obasanjo recently spoke about his time in office, claiming it was one of the country’s most effective administrations. He emphasized this during a youth event in Abeokuta, where he highlighted significant achievements from his tenure between 1999 and 2007.

Obasanjo proudly stated that his administration played a crucial role in liberating Nigeria from crippling debt burdens. He also expressed satisfaction in seeing Nigeria celebrate 25 years of uninterrupted democracy, which began during his presidency in 1999.

He said:

“When I came in as elected President, I wanted to get debt relief because we were spending $3.5 billion every year servicing debt and the quantum of the debt was not going down. Today, I can say that I made Nigeria better than I found it from an economic perspective. 
 
“I found $3.7 billion in the reserves and we were spending $3.5 billion to service our debt. By the time I left, we had a debt of about $36 billion with the debt relief, and I left with a debt of $3.6 billion. Also, I left a reserve of over $50 billion. I also achieved excess crude for the country worth over $25 billion.”