The Sir Ahmadu Bello Memorial Foundation has outlined eight recommendations for the Bola Ahmed Tinubu-led government towards addressing the country’s economic challenges.
The foundation, in a statement yesterday by its director-general, Engineer Abubakar Gambo Umar, expressed deep concern about the current state of the Nigerian economy.
He said, “We believe the government must target social safety nets by implementing short-term measures to assist vulnerable groups directly affected by the removal of subsidies.
“This can include cash transfers, food subsidies, or other forms of assistance to help alleviate the immediate hardships of the most vulnerable.
Hardship: ASUU loses 46 members
Hardship: ASUU loses 46 members
“Urgent intervention in the form of inflation control through price stabilization mechanisms is required.
“The government should prioritize implementing measures to curb inflation, such as adopting monetary policies that promote stability and price control mechanisms that ensure affordability for essential commodities.
“Income increase for Nigerians is imperative for the government and relevant stakeholders to initiate policies that address the long-standing issue of stagnant wages. Regular salary reviews and adjustments should be implemented to alleviate the financial burden on the citizens,” he said.
“The government must strengthen security to tackle the prevailing insecurity in the country, this includes intensifying efforts to combat insurgency and banditry, ensuring the safety of farmers and their farms, and restoring peace in affected regions.
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