Economy: Tinubu has magic wand, bear with him

By Mansur Aramide, Ilorin

A senior lecturer at the University of Abuja (UniAbuja), Dr. Adelodun Sadraq, has enjoined Nigerians lamenting the present economic hardship to rally around President Bola Tinubu for the success of his programmes and policies.

He said the president’s moves, “if tolerated and endured, are the needed soothing balm that will propel Nigeria to greater heights.”

In a media chat in Ilorin, Kwara State, the banking and finance expert, who blamed successive administrations for the present poor economic situation, said the situation did not just happen.

“The present economic woes did not just happen; it has been ongoing and dragging till now, thus the desired solution may not be spontaneous,” he defended.

He was optimistic that things would change positively before the year runs out.

Consequently, Adelodun predicted a major shakeup in the Nigeria National Petroleum Company (NNPC) and telecommunications, noting that the development would strengthen the economy.

“There’s a major shakeup to happen this year. Initially, the government was letting its plan out before its implementation. Now it has realised that the tactic often defeats the plan; it has now decided to keep mum about it until it is ready to launch it.

“Nigerians should just be calm and take it easy. The situation on the ground is not what anyone can fix in a jiffy,” he urged.

According to him, the situation attracts aggressive moves from patriots like President Tinubu as well as the perseverance of Nigerians to understand and support his efforts.

He said that seeking spiritual solutions may never take the nation to the promised land or stop the common “Japa” syndrome but proactive steps by governments.

“We cannot be going to churches and mosques hoping for miracles to solve Nigeria’s problems; we have to take proactive measures to break the yoke.”

He, however, suggested the reorientation of Nigeria’s value system, especially on what to do to stop the embarrassing “Japa” syndrome.

On the worsening naira exchange rate value, the varsity don said though the policies rolled out by the Central Bank of Nigeria (CBN) are good and encouraging, they are far from solving the nosediving currency.

He said, “CBN’s cosmetic solution is not the final solution; it’s just to calm Nigerians down.” He suggested, “The best and surest solution is to increase the value of the naira over other counterpart currencies.”

He urged the government to waive, almost to the barest minimum, duties and levies on exportation.

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