Babatunde Fashola, the Minister of Works and Housing, on this day criticized Olusegun Obasanjo, the former President on account of somewhat weak infrastructural in Nigeria. Speaking on Channel Television, the Minister says that Obasanjo would have focused on capital projects and infrastructures in the country instead of redeeming debts to the tune of $12bn.
The Minister also said that he as a person would have invested the $12 billion Obasanjo lavished in 2005 servicing debts, on roads and rail constructions if he had had that kind of opportunity of handling such an amount of money.
The Minister during his speech reminded that in 2005/2006, the Paris Club wrote off $18 billion of the $30 billion Nigeria owed the cartel after months of negotiations.
Fashola lamented that Obasanjo wasted the resources in paying debts rather than investing the money for the good of our country Nigeria.
The Minister had said the lapses contributed to the country's situation today, and that is why Nigeria has gone borrowing.
Minister Babatunde Fashola said that at a time, there was $12 billion here in the country but was mismanaged, he further said he could only imagine he had the opportunity then with $12 billion in his hand, Nigeria would have been a better place today, Fashola said.