Nigeria’s Economic Woes Caused By Leadership Failure – Obasanjo


Former President Olusegun Obasanjo has urged entrepreneurs in the country to remain determined despite the failure of the country’s leaders to create an enabling environment for the growth of entrepreneurship.

“We are witnessing a downturn in the economy now because the leadership has failed in its responsibility to deliver factors that will encourage entrepreneurship,” Obasanjo told participants at the 2014 edition of leadership insight and experiences seminar organized by Entrepreneurs Organization of Nigeria (EON) in Abeokuta, Ogun State.

“If leadership is not okay, followership will be wrong and as they say in the military parlance there is no bad soldier but bad officers so the leadership must work to ensure the economy is well managed, that there is social cohesion, that the expectations of the youths and business leaders are met while also pursuing vigorously policies, laws and regulations that ensure sustenance of any investment in the economy,” he said.

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Chairman of EON, Lere Baale urged the Federal Government to give more support to Entrepreneurs, saying it is the only way to transform the economy.


  1. The former president’s admission explains why companies like Michelin short down its factory and left Nigeria during his tenure as president.


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