Former President Olusegun Obasanjo has warned that unless something urgent is done about the rate of unemployment in the country, Nigeria is romancing a ticking time bomb. Speaking at the 10th anniversary and 6th and 7th convocation ceremonies of Tai Solarin University of Education (TASUED), Ijagun, Ijebu Ode, Obasanjo urged Federal, State and local governments to do more in the area of employment.
According to him, "If there is no job for the unemployed to feed themselves and also to contribute to the development of the country then, we will all be sitting on gun powder." The former President further said, “If University education was not for development then, it was not serving any useful purpose, insisting "It must be for development, personal, local, national and even global and that is very important". He disclosed that education is a meal ticket for anybody that has it,adding that it is also a means of breaking poverty circle.