Elder statesman and former Minister of Information, Prince Tony Momoh, has blamed the current economic crisis in the nation on past administration’s failure to save for the future.
Momoh made this observation on Saturday at the 24th convocation ceremony of the Federal Polytechnic, Auchi, Etsako West Local Government Area of Edo State.
He said, “I have seen a lot of money taken away by the past administration and because of this, the present administration is trying to revive the economy.
“There is no money to establish industries to absorb them. Our youths are now roaming the streets. And when they do, we are not safe. We must engage the youth and for we to overcome all these challenges, our institution of learnings must incorporate entrepreneurial and technical courses in their curriculum”, he said.
“The youth in Nigeria today, they lack understanding, for instance, when the last administration was there, we have to save money for the rainy day but we failed to do so. We ate the future in the present. Now you know, the present is today but yesterday, was the present. So yesterday, looking at today, we are looking at the future. All of you here, all your entitlements, you sat down and ate it.
“All of you who were growing up, what we should have done to empower you, we did not do. Today, you are deprived. Obasanjo left money, Yar’ Adua left money and Jonathan inherited the money but unfortunately by the time he left, we have eaten the money and not Jonathan that ate the money but people ate the money,” he said.