Former President Olusegun Obasanjo has declared that debt is a more destructive force than leprosy, as it devastates entire generations, not just individuals. Speaking at the Ajibosin 3.0 Symposium in Abeokuta, Ogun State, Obasanjo expressed concerns about Nigeria's debt accumulation and the impact of the country's economic decisions over the years. He emphasized that debt has far-reaching consequences, unlike leprosy, which affects only one person.
Obasanjo questioned how Nigeria got into its current debt situation, suggesting that the country must be cautious when adopting new technologies and economic strategies. He specifically warned that Artificial Intelligence (AI) might be another tool used by developed countries to exploit developing nations. The symposium, themed "Leveraging Artificial Intelligence to Solve Grassroots Problems and Accelerate National Development," brought together academics, policymakers, politicians, and stakeholders to discuss the benefits and risks of AI applications.
The former president admitted that he is not technically knowledgeable about AI but acknowledged that any uncontrolled technology can be abused. He referenced a presentation by Dr. Umar Addo, who discussed the historical perspectives of AI. Obasanjo expressed skepticism about Western-packaged solutions, citing historical examples of exploitation, including the slave trade, colonialism, and foreign direct investment.
Obasanjo drew parallels between AI and previous Western initiatives, suggesting that they often come with hidden agendas. He mentioned that the West introduced concepts like globalization, structural adjustment, and technology transfer, which have had negative impacts on developing countries. The former president emphasized the need for caution and critical evaluation of these technologies and economic strategies.
The symposium featured discussants who warned Nigerians about the risks associated with uncontrolled exposure to AI applications. Obasanjo's comments reflect a broader concern about the potential consequences of adopting AI without proper understanding and regulation. The event aimed to explore ways to harness AI for grassroots development and national growth.
Obasanjo's remarks on debt and AI have sparked a national conversation about Nigeria's economic trajectory and the need for careful consideration of technological advancements. His comments on AI echo concerns about the digital divide and the potential for exploitation of developing countries. The former president's statements have resonated with many Nigerians, who are seeking solutions to the country's economic challenges.
The Ajibosin 3.0 Symposium provided a platform for stakeholders to engage in discussions about AI and its applications in Nigeria. The event highlighted the need for a nuanced approach to adopting new technologies and economic strategies. As Nigeria continues to navigate its economic challenges, Obasanjo's warnings about debt and AI are likely to remain a topic of discussion among policymakers and the general public.
Key points
- Former President Olusegun Obasanjo warns that debt destroys generations, likening it to a worse affliction than leprosy.
- Obasanjo expresses concerns about Nigeria's debt accumulation and the impact of the country's economic decisions.
- The former president warns that Artificial Intelligence (AI) might be another tool used by developed countries to exploit developing nations.
