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.