May 14, 2026

Nigeria Requires A President that Understands the Economy to Satisfy People’s Needs – Obasanjo

By Farouk Mohammed

Former President Olusegun Obasanjo has said that Nigeria requires a President who has a sound knowledge of the economy to bring a solve the needs of the people.

Obasanjo revealed that this was what a former German Chancellor, the late Helmut Schmidt, who was one of his international friends, told him during a discussion about African countries.

He argued that there was no way that a President with a poor knowledge of the economy could meet the needs of the citizens, adding that even Jesus Christ understood the economy.

Obasanjo spoke in Lagos at this year’s edition of Foursquare Gospel Church annual public lecture, which held at the church’s national headquarters in Yaba.

He chaired the lecture with the theme, “The trying triangle of economy, faith and politics – Looking through the eye of the needle.”

The lecture was delivered by the Bishop of the Catholic Diocese of Sokoto, Rev. Fr. Matthew Kukah.

The former President said even if Kukah was right in his description of politics as a game, politics must be the most serious game created by man.

He said he agreed with Kukah that even Jesus Christ had a good knowledge of the economy.

Obasanjo said he believed that for Nigeria to get it right, the country must strike a balance among economy, faith and politics.

He said;

“There is no doubt at all that if we have to get it right the three (economy, faith and politics) must go together.

“One of my international friends, the late Helmut Schmidt, who was a former Chancellor of Germany – he died at the age of 96 about three years ago, I was at the burial – and he said if we in Africa have to make it, all our political leaders must have good grounding in economy.

“As a fact from Bishop Kukah, even Jesus Christ understood the economy and if you have a leader who does not understand economics, then you cannot have a leader that will satisfy the need of the people, the physical and the material needs of the people.”

Read More News HERE

Google News

Stay connected via Google.

Add Okay News as a preferred source for faster follow-through coverage.

Preferred sourceAdd on Google
Advertisement

About the author

Advertisement
Stay with Okay News

Follow the report beyond this story

Follow Okay News across the channels and tools you use most.

ChannelFollow on WhatsAppDirect story alerts, sharper updates, and easier sharing with your circle.Preferred sourceAdd on GoogleFollow Okay News updates across Google surfaces.Visual briefingsFollow on InstagramVisual updates, clips, and newsroom highlights.Reader appGet the appRead Okay News on your mobile device.