Ondo Anglican bishop advises Buhari to stop borrowings, indebting future generations
The Anglican Bishop of Akure Diocese, Rt. Revd. Simeon Borokini, has urged the Federal Government, under the leadership of President Muhammadu Buhari, to put a halt to incessant borrowings to avoid endangering the well-being of future generations.
Borokini, while speaking with journalists at the third session of the 13th Synod of the diocese held at Alade-Idanre, at the weekend, urged restructuring and reversal to the pre-independence constitution.
He bemoaned the dwindling state of the economy of the nation, especially the runaway inflation that is ravaging the country at the moment, lamenting that it has increased the cost of living with the attendant rise in the poverty index.
The bishop decried a recent report by the National Bureau of Statistics (NBS) that revealed that 33.3 per cent of the labour force in Nigeria or 23,189,389 persons either do nothing or work for less than 20 hours a week.
In a communique, the Synod noted with rude shock the sporadic rise in Nigeria’s Public Debt to N32.9 trillion in recent times as published by the Debt Management Office (DMO), saying: “Government is therefore urged, as a matter of top priority, to reduce the frequency of borrowing, which might lead the country into bankruptcy.
“Government is urged to tackle seriously the issue of poor electricity supply, which if addressed, will help to generate more employment, particularly for unemployed youths, and thereby improve the economy of the nation.”
The bishop, who expressed displeasure over the worsening spate of insecurity in the country, commended the efforts of security agencies in their fight against the menace, urging them to improve on their efforts at tackling the monster confronting the nation.
He also commended the efforts of the governors, especially in the South-West, in the establishment of Amotekun Corps in a bid to reduce the spate of insecurity in their respective domains.”
No comments yet