In a bid to address the economic challenges currently facing Nigeria, a public affairs analyst, Okanlawon Olanrewaju, has urged the federal government to reassess its policies, particularly those related to petrol and electricity.
Olanrewaju made this call during an interview on our correspondent, Oluwasemiloore Ige, where he emphasized the critical role of petrol and electricity as the major determinants of the Nigerian economy.
According to Olanrewaju, the removal of the fuel subsidy and the introduction of higher electricity tariffs have significantly impacted the economic stability of the country. He highlighted that these measures have led to increased costs of living, putting additional pressure on the average Nigerian.
“The government needs to carefully evaluate its current policies. The impact of the fuel subsidy removal and the introduction of higher electricity tariffs has jeopardized the livelihoods of many Nigerians,” Olanrewaju stated.
To stabilize the economy, Olanrewaju suggested that the government should explore ways to make life easier for Nigerians, ensuring that any policy reforms are people-centered. He also called on state governments across the country to play a more active role in economic revitalization by encouraging the youth to venture into agriculture.
“State governments at all levels should encourage their people, especially the youth, to go into farming. But it’s not enough to just ask them to farm; the right equipment and support must be in place to make farming a viable and attractive option,” Olanrewaju added.
Olanrewaju’s comments come at a time when Nigeria is grappling with multiple economic challenges, including rising inflation and unemployment. His recommendations underscore the need for a holistic approach to economic reform, one that balances fiscal responsibility with the welfare of the nation’s citizens.
As the government continues to navigate these complex economic issues, the call for policy review and investment in agriculture may provide a pathway towards sustainable economic growth and stability for Nigeria.
