10-06-2005, 08:24 AM
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Nigerian foreign reserve rises to $27bn
One reason the Obasanjo Administration and Nigerians in general must show a keen interest in who succeeds President Olusegun Obasanjo in 2007, is the issue of the type of man who will preside over the about $27 billion dollars foreign reserves the President has built up for Nigeria.
We all must be careful because the scheming among various contenders for the presidency in 2007 is not so much what they hope to do for Nigeria as about presiding and disbursing such a large inheritance.
Both in his first coming and in his second, Obasanjo has shown that he is a remarkable builder. He has the instinct of an empire-builder. And as such, while he thinks about today, his sight is also set on the future. While Obasanjo worries about the well-being of Nigerians today, he is also concerned that there should be something accumulated in the till to take care of any eventualities tomorrow.MORE
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