Shettima calls for restraint in response to economic slowdown

THE Vice President, Senator Kashim Shettima, has said THE current economic challenges that Nigerians are Fight With with would be Soon be on, attractive that they react has THE current realities responsibly And with maturity.

Shettima spoke In Lagos during THE 29 before Ramadan conference organized by THE University of Lagos Muslim Old students (UMA) with THE theme, "Economic Reforms For Nigeria: Challenges And Outlook For THE The future. »

Represented by her Special Advise on Policy Imported, Doctor Hakeem Baba-Ahmed, Shettima had predicted that THE in progress young In THE Holy month of Ramadan would be laid "severe" challenges For a lot Nigerians.

THE Vice President said THE reforms could be difficult but THE government has No intention has to punish Nigerians.

He said: "THE administration of President Bolas Ahmed Tinubu recognize that This Ramadan will come with severe challenges For most Nigerians. THE road has Or We are Today was long And complete of lack opportunities And tragic chess has build on OUR great potential.

"THE consequences of OUR pass are THE rigid realities We confront Today, such as rising cost of life And pessimism on OUR perspective has turn round OUR economy In THE direction of growth And Understood development.

"Again, My brothers And sisters, We TO DO not to have THE choice of continue In THE direction that brought We Or We are Today. We to have has fix This country, And failure has TO DO This East not A option. All THE choice We to have are difficult, And they are, without A doubt, more narrative on THE poor. If there were Easier And reliable alternatives has THE policy choices We to have adopted, We would be to have adopted them.

"OUR administration do not plan has TO DO THE lives of Nigerians more difficult. Neither TO DO We intend has deceive companion citizens that THE change In direction And THE expected result can be reached without pain Or sacrifices.

"We are Also intensely aware that ours East A together of related Nigerian problems, And THE solutions We seek must be truly informed by A Nigerian context, not THE experiences of others Or THE preferences of special stranger interests which are deleted Since consequences of misstep Or Errors of judgment.

"I join You In pray that Allah will to agree We THE privilege of business OUR Ramadan fast as prescribed by Him, And We duty receive THE reward. »

THE President of THE occasion, Yusuf Ola-Olu Ali represented by Deputy President of Muslim Umma of South West Nigeria (MUSWEN), Alhaji Wales Sonaike, said any of them economic reform must be GOOD thought out And with diligence implemented, add that Nigeria must transform Since A consumption nation has A production nation.

Earlier In her to welcome address, UMA President Teacher Khalid Adekoya Express hope that THE difficulties will to move back And better times will come When Strategies be introduced to start has yield GOOD fruit.

Adekoya said This will come to fruition only if all stakeholders, government And THE governed, play their part In double with global best practices In rejuvenating A sick economy And, above all if they drink THE fear of Allah In THE TRUE sense of that.

"However, We are obliged has take a few practical not as A nation. We must invest widely And pragmatically, especially In manufacturing And Agro-ally Industries. Manufacturing will promote local production, booster job And reduce OUR addiction on imported goods.

"Agriculture will eliminate hunger And reduce crime And crime. Government should Also TO DO concerted efforts has reach tax And monetary policy consolidation has tackle inflation; to strenghten OUR public services has improve efficiency And reduce Corruption; improve THE business environment has attract investment; struggle insurrection And banditry has improve security at national scale ", Adekoya said.

THE President of THE Nigerian Economic Summit Band (NESG), Mr. Niyi Yusuf, said THE country must to drive Stranger Direct Investments (IDE), tame inflation And tackle THE stranger exchange volatility has reach A $1 thousand billion economy In 2030.

He said THE $1 thousand billion economy East feasible through three paths which include export diversification And sophistication strategy; innovation And digital transformation strategy And subnational the integration strategy.

Yusuf said THE current big title inflation has 29.9 by hundred And food inflation has on 35 by hundred means THE poor are get poor.

According to has him, THE government must improve THE tax on Raw Domestic Product (GDP) Since THE here eight by hundred which East THE the lowest In Africa has 15 by hundred.

He said: "January 2017 was When We had A a single digit inflation. We to want companies has prosper And investors has come And between Adamaoua And Uyo, We to have 154 checkpoints. From Agbara has Sown borders, We to have 46 checkpoints.

"Nigeria East THE only country with several checkpoints has OUR airports. The car drivers pay 73 taxes has move goods Since THE North ...