Former President Obasanjo, has said the country had a lot to celebrate at 50. Obasanjo who was speaking in a lecture entitled: “Nigeria – 50 years after independence: What manner of celebrations?” at the graduation of the Redeemer’s University of Nigeria, at Ibafo, Ogun State, said: “I see hope and great future for Nigeria. Nigeria is land-abundant, resource-abundant and labour-abundant.
What we need to constantly and continuously do is to have the right leaders with the right politics to mix and manage all the abundances to produce the right economy, development and growth.”
Obasanjo noted, however, that a prerequisite for many of the nation’s attainment to progress was the curtailment of endemic corruption, which he said stymied development in the nation’s public and private sectors.
He added: “Corruption aggravates capital flight in worse measure than direct foreign investment flowing into the country. We need to fight those ills that have shackled us and held us back in the past; we need to establish shared values and enthrone norms, virtues and morality that are enduring, uplifting and distinguishing.”
Obasanjo argued that since independence from British colonialists on October 1, 1960, the totality of the country’s political experience seemed to have made its people wiser and the fabric of the society stronger and more resilient.