The Continuing Transformation of Nigeria
The Continuing Transformation of Nigeria
Mr Olusegun Obasanjo
27 November 2015
5.00pm - 6.30pm
SMU Admin Function Room
Singapore
Nigeria, the world's seventh most populous country, is a major oil producer and boasts a large manufacturing sector, making it the 22nd largest global economy. Despite this, 61% of Nigeria's population lives in absolute poverty. Efforts to address these issues have been ongoing since its independence. During Mr Olusegun Obasanjo's presidency, Nigeria's economic growth doubled to 6%, foreign reserves increased significantly, and around $30 billion of national debt was cleared, leaving the country with minimal debt.
Post-presidency, he continued to combat poverty and disease, and promote education and youth leadership through his foundation. He also served as a United Nations special envoy for Africa, overseeing democratic elections in various African nations on behalf of international organisations. Mr Obasanjo spoke about his time as President of Nigeria and his views on how the country could move forward.
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The formation of the Organisation of African Unity (OAU) was crucial in promoting the region's unity and solving shared problems.
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While Africa's economic reforms have facilitated growth, achieving sustainable development will require continued efforts.
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Africa is diverse, so there is no single one-size-fits-all solution for its challenges. But together, African countries can overcome them.
Speaker
Speaker
Mr Olusegun Obasanjo
President
Nigeria (1999 - 2017)
