Tackle Nigerians financial crisis headlong, Prof Ajibola tasks incoming administration

A renowned Economist, Professor Segun Ajibola has set an agenda for the incoming administration to be led by President –elect Ahmed Tinubu, citing the need to tackle Nigeria’s financial hassles frontally.

Ajibola said such business like mien is most desirable now and will help to salvage the precarious economic situation occasioned by poor fiscal policies of the incumbent administration faster.

He made the assertion at the tail end of his congratulatory message to Dr. Samson Bilesanmi one of the leaders of Asiwaju Support Group , who celebrated his 60th birthday on Monday May 22, 2023.

The erudite scholar cited the dysfunctional state of  the five traditional functions of the Central Bank of Nigeria, which he declared has brought Nigeria economy to its lowest ebb.

He proffered some workable solutions to the problems bedeviling Nigerian economy, these includes; a revamped agriculture and manufacturing sector.

Development of various segments of the economy to avoid centralization and a sufficiently tamed appetite for imported goods.

On fiscal policy, Ajibola maintained the federal government burrowing attitude negates the earmarked ratio stressing that, “close to 27 trillion naira has been burrowed from the CBN and is against the regulatory act.

While calling for fiscal discipline on the part of federal government, he also noted that the banks are not in a good state, “CBN could no longer give bail out funds being bankers bank.

Our monolithic economy is poorly managed. our debt now hovers between 46 to 80trillion” Ajibola said.

The celebrant Dr. Bilesanmi leader of the G36 Reward Supporting Group, while speaking earlier reiterated his previous stand, calling on the President- elect Asiwaju Bola Tinubu to disband the Almagamated support group whose leaders allegedly bolted with funds released for all members.

He charged Tinubu to compensate members randomly with placements in several boards appointment that are available.

Advertisement

“We can be compensated via the boards appointment, at least two per support groups because they have suffered degrading situations in the process.

“Asiwaju should also not give room for cabal in government as this is the first time in the history of Nigeria when we are having a true and real democratically elected President like Nelson Mandela of South Africa.

“The case of some serving officials of government looking for ways to run away claiming to be on study leave should be discountenanced.

“People like Emefiele should not be allowed to go, he should give account of stewardship.” Bilesanmi said.

Others who graced the birthday celebration includes: Comrade Charles Adebori Lagos State Coordinator of G35 support group, Mrs Favour Abuno the state Financial Secretary of Nigeria Earnestly Ask for Asiwaju Tinubu (NEAAT) and host of others.