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No Option For Next Generations On Africa’s Debts, Obasanjo Laments

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Former Nigerian President, Chief Olusegun Obasanjo, has disclosed that there is no option for the next generation of Africans to relieve the continent of its huge debts.

It would be recalled that Obasanjo, as the country’s president in 2003, secured debt relief for Nigeria, as did his counterpart from Algeria during the same period.

In a release by his Special Assistant on Media, Kehinde Akinyemi, on Wednesday, Obasanjo made this disclosure during an engagement with 2023 awardees of the Future Africa Leaders Foundation, an initiative of Pastor Chris Oyakhilome.

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He noted that with the level of mismanagement of the previous debts written off for the country, it will be almost impossible for any administration to make similar gestures on the continent.

READ ALSO: Algerian Footballer Atal Convicted Over Gaza Post

Obasanjo declared that the debts were a trap that no individual or nation should fall into, as they constitute an albatross for any economy.

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The former president, who asserted that leadership was the number one problem facing the continent, said, “The coming generations will have no choice but to pay the current debt being incurred by different countries in the continent.”

He commended Pastor Oyakhilome for the efforts he put into building leaders, adding that the nation needs more people like him to address the leadership crisis facing the continent.

Highlighting the qualities of a leader during the questions and answers session, Obasanjo said, “A leader should be able to set good examples, being bold and courageous when making decisions, accepting mistakes and learning from them as well as having a realistic dream.”

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READ ALSO: Hardship: 10 million MSMEs Shut In 2023, Says ASBON

In a related development, the former Obasanjo has assured that the country’s socio-economic situation could be better in another four years or thereabout, with prayers and thanksgiving.

He made this disclosure at the Christian Association of Nigeria (CAN) Ogun State 5th Thanksgiving service of his conferment as the Asiwaju Onigbagbo, Ogun State, held at the Olusegun Obasanjo Presidential Library (OOPL), Abeokuta on Tuesday.

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The former president said that it was a clear indication that the socio-economic situation of the country is not in good stead, “but mercy has been with us and if that is so, why should we not thank God?

“Think about it. If you have breathe the free air of God, you should have cause to thank God. So, things are bad; they may be good in a space of what…Four years? and who knows for Nigeria, things that are bad today may be good tomorrow.

READ ALSO: Biggest Takeaways Of Nigerian Music Landscape In 2023

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“That is our prayer and that is why we must never stop thanking God. In all situations, give thanks to God”, Obasanjo told the congregation even as he bursted into a joyful song.

The former President thanked brothers and sisters in the vineyard of God for their continuous and persistent prayers for the country, restating that at times like this, “it is such a difficult time. And when they are talking of being in fellow of mercy, “mine is more than a Fellow of Mercy, mine is Fellow of Grace and Mercy of God, any one that is not enjoying this should put up his hand. If that is so, why should we not thank God? He queried.”

The Ogun State Governor, Dapo Abiodun, represented by the Deputy, Engr, Noimot Salako, former Governor, Sen. Gbenga Daniel, the Oluwu of Owu Abeokuta, Prof. Saka Matemilola and the Odole Oduaa, business Mogul who is also the Otun of Asiwaju Onigbagbo Ogun State, Chief Adebutu Kessington and Rev. Mother Ester Ajayi eulogized Obasanjo, noting that he is not only a leader in Nigeria, but, also a global phenomenal.

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Africa Coups: 10 In Five Years

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A military coup attempt in Benin Sunday adds to a list of such incidents on the turbulent African continent.
A group of soldiers announced that they had ousted President Patrice Talon, although his entourage said he was safe and the army was regaining control.

Here is a recap of the 10 successful coups in Africa in the last five years:

Mali

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Malian President Ibrahim Boubacar Keita is overthrown by five army colonels in August 2020.

In May 2021, the Malian military takes over from the civilian leaders of an interim government.
Colonel Assimi Goita, who led both coups, is sworn in as transitional president.

After promising to hold elections in February 2024, the military puts them off indefinitely, pointing to the jihadist violence plaguing the country.

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READ ALSO:Guinea-Bissau Military Takeover Is ‘Ceremonial Coup’ – Jonathan

In July 2025, Goita approves a law granting himself a five-year presidential mandate, renewable without election.
In September jihadists launch a fuel blockade, weakening the ruling junta.

Guinea

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On September 5, 2021, mutinous troops led by lieutenant-colonel Mamady Doumbouya take over in Guinea, arresting President Alpha Conde.

Doumbouya in early November 2025 submits his candidacy ahead of December 28 elections that are meant to restore constitutional order.

Sudan

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After weeks of tension between the military and civilian leaders who had shared power since the ousting of dictator Omar al-Bashir, the armed forces led by army chief Abdel Fattah al-Burhan stage a new coup on October 25, 2021.

Since April 2023 war has raged between the regular armed forces led by Burhan and the paramilitary Rapid Support Forces, led by his former deputy Mohammed Hamdan Daglo.

READ ALSO:Guinea-Bissau Coup: FG Gives Update On Ex-President Jonathan

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The conflict has so far killed tens of thousands of people and created one of the world’s worst humanitarian crises.

Burkina Faso

Burkina Faso underwent two military coups in 2022.

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In January that year mutinous soldiers led by Lieutenant-Colonel Paul-Henri Sandaogo Damiba arrest President Roch Marc Christian Kabore.

Then in September army officers announce they have dismissed Damiba. Captain Ibrahim Traore becomes transitional president, but elections he promised do not materialise. In May 2024 the junta authorises him to stay for another five years in a country wracked by Islamist violence.

Niger

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On July 26, 2023, members of the presidential guard overthrow Niger’s President Mohamed Bazoum, elected in 2021. General Abdourahamane Tiani, head of the presidential guard, takes over.

In March 2025, the junta extends by at least five years its transitional leadership of the country which is plagued by jihadist violence.

READ ALSO:Coup In Guinea-Bissau? Soldiers Deployed Near Presidential Palace After Gunfire

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Gabon

In Gabon, ruled for 55 years by the Bongo family, army officers on August 30, 2023 overthrow President Ali Bongo Ondimba, less than an hour after he is declared winner of an election the opposition says was fraudulent.
General Brice Oligui Nguema is named transitional president.

In April 2025 he is elected president with 94.85 percent of the vote. He is sworn in on the basis of a new constitution approved by referendum during the transition.

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Madagascar

In October 2025, the military ousts Madagascar’s president Andry Rajoelina and takes power following weeks of “Gen Z” anti-government protests.

Army colonel Michael Randrianirina is sworn in as Madagascar’s new president, promising elections within 18 to 24 months.

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Guinea-Bissau

In November 2025, military officers in Guinea-Bissau declare they have “total control” of the coup-prone west African country, closing its borders and suspending its electoral process three days after general elections.

The military says a command “composed of all branches of the armed forces” is taking over the leadership of the country “until further notice”.

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Benin Republic Presidency Breaks Silence On ‘Military Takeover’

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Benin Republic military
Military personnel in Benin on Sunday said they had ousted President Patrice Talon, but the Presidency said he was safe and the army was regaining control.

Talon, 67, a former businessman known as the “cotton king of Cotonou,” is due to hand over power in April next year after 10 years in office marked by strong economic growth and rising jihadist violence.

West Africa has seen several coups in recent years, including in Niger, Burkina Faso, Mali, Guinea, and most recently Guinea-Bissau.

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Early on Sunday, soldiers calling themselves the “Military Committee for Refoundation” (CMR) said on state television that they had met and decided that “Mr Patrice Talon is removed from office as president of the republic.”

READ ALSO:Guinea-Bissau Military Takeover Is ‘Ceremonial Coup’ – Jonathan

The signal was cut later in the morning.

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Shortly after the announcement, a source close to Talon told AFP the president was safe.

“This is a small group of people who only control the television. The regular army is regaining control. The city (Cotonou) and the country are completely secure,” they said.

“It’s just a matter of time before everything returns to normal. The clean-up is progressing well.”

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A military source confirmed the situation was “under control” and said the coup plotters had not taken Talon’s residence or the presidential offices.

READ ALSO:Coup: ECOWAS Suspends Guinea-Bissau

The French Embassy reported on X that “gunfire was reported at Camp Guezo” near the president’s official residence in the economic capital and urged French citizens to remain indoors.

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Benin has a history of coups and attempted coups.

Talon, who came to power in 2016, is due to end his second term in 2026, the constitutional maximum.

The main opposition party has been excluded from the race to succeed him, leaving the ruling party to compete against a so-called “moderate” opposition.

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Talon has been praised for driving economic development but is often accused of authoritarianism.

(AFP)

 

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JUST IN: Soldiers Announce Military Takeover Of Govt In Benin Republic

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A group of soldiers appeared on Benin’s state television on Sunday to announce the dissolution of the government in what is being described as an apparent coup, marking yet another power seizure in West Africa.

Identifying themselves as the Military Committee for Refoundation, the soldiers declared the removal of the president and all state institutions.

READ ALSO:Guinea-Bissau Military Takeover Is ‘Ceremonial Coup’ – Jonathan

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President Patrice Talon, who has been in office since 2016, was scheduled to leave office next April after the presidential election. His party’s preferred candidate, former Finance Minister Romuald Wadagni, had been widely viewed as the frontrunner. Opposition candidate Renaud Agbodjo was disqualified by the electoral commission on the grounds that he did not have “sufficient sponsors.”

The takeover comes a month after Benin’s legislature extended the presidential term from five to seven years while retaining the two-term limit.

(AFP)

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