I warned Jonathan about recession ,‘reckless’ spending but was ignored – Obasanjo

Former President Olusegun Obasanjo yesterday
accused the immediate past president, Dr. Goodluck
Jonathan of ignoring warnings about a looming
recession and the consequences of the ‘reckless’
spending of his government.
He said two years ago when he saw signs that Nigeria
was walking down the path of recession and the way
the powers that be were expending the nation’s
resources, he drew Jonathan’s attention to the danger
ahead, but was ignored.
According to The Nation, the former president spoke
yesterday during a lecture organised by the Youth
Fellowship of Owu Baptist Church, Abeokuta to mark
Nigeria’s Independence Day anniversary.
He said the economic situation in the country has
turned development upside down as “things are not
what they should be.”
He cited the high level of unemployment which he
described as a time bomb.