The Aareonakakanfo of Yoruba land, Iba Gani Abiodun Ige Adams, has urged President Muhammadu Buhari to devise a new strategic approach in order to save Nigeria’s crippling economy, oyogist reports.
Gani Adams stated that the country cannot survive under the current situation.
Speaking during the 2022 edition of Grandmothers’ Festival held in Epe, Lagos, Adams picked holes in the administration’s policies that had reduced the nation to a country that is surviving on foreign loans.
He, however, warned the present administration to desist from borrowings that are capable of turning the country into a perpetual debtor.
His statement read;”At the moment,Nigeria’s economy is dwindling and it is in a state of comatose.”Nothing is working.There is an urgent need for the Federal Government to evolve a strategic approach to salvage the economic doldrum facing the country.
“In recent times, Nigeria has been surviving on foreign loans and the economic hardship is hitting hard on the ordinary citizens.
“The recent scarcity and increase in the prices of the Premium Motor Spirit (PMS) can only make things worse for Nigeria and Nigerians.” According to him, Muhammadu Buhari’s led administration should desist from borrowing incessant loans.
