Economic Hardship: Borrow A Leaf From Zimbabwe, Obasanjo Advises Nigerian Govt

March 5, 2024
Economic Hardship: Borrow A Leaf From Zimbabwe, Obasanjo Advises Nigerian Govt
Olusegun Obasanjo

Former President Olusegun Obasanjo has advised the Nigerian government to take a cue from Zimbabwe in tackling the current economic challenges marked by high inflation rate.

Obasanjo gave the admonition while speaking during a Youth leadership symposium held at the Olusegun Obasanjo Presidential Library in Abeokuta, Ogun State, as part of activities to mark his 87th birthday.

Join our WhatsApp Channel

He insisted that the manner in which Zimbabwe successfully tackled its hyperinflation in recent times, calls for Nigeria to approach the government of the southern African country for guidance on how to bring down its inflation which is currently put at 29.9 per cent.

READ ALSO:

Obasanjo urged Nigerians to continue to demonstrate courage in the face of the current circumstances, emphasizing that the strong must persevere through difficult times.

He added that the economic hardship will not be permanent, hence the need to be patient and courageous.

“Committing suicide is not the end of any problem, confront it and take it to God because he could do anything.

“Zimbabwe had this problem recently. Shouldn’t we ask them how they did it even if our approach will be different?

“Even if whatever we shall be doing will be different, we can ask questions to navigate our way out,” Obasanjo stated.

victor ezeja
Correspondent at  |  + posts

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

Victor Ezeja

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

Salmon Secures Banking License in the Philippines through Rural Bank Acquisition
Previous Story

11th Annual East Africa Connected Banking Summit: Innovation & Excellence Awards 2024

Jeff Bezos Takes Over From Elon Musk To Become World’s Richest Person With $200bn
Next Story

Jeff Bezos Takes Over From Elon Musk To Become World’s Richest Person With $200bn

Featured Stories

Latest from News

Elumelu Presses Tinubu on Power-Sector Debts

Nigerian investor Tony Elumelu on Friday urged President Bola Tinubu to fast-track the settlement of longstanding power-sector debts, warning that delayed payments are constraining electricity generation even as demand for reliable power grows across the economy. Speaking to journalists after a meeting
Salmon Secures Banking License in the Philippines through Rural Bank Acquisition
Previous Story

11th Annual East Africa Connected Banking Summit: Innovation & Excellence Awards 2024

Jeff Bezos Takes Over From Elon Musk To Become World’s Richest Person With $200bn
Next Story

Jeff Bezos Takes Over From Elon Musk To Become World’s Richest Person With $200bn

Don't Miss

CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert

CBN Governor Reveals $1.4B Loss Over 8 Years From 43-Item Forex Restrictions

The  Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso

US Cardinal Robert Prevost Elected Pope Leo XIV

A new head of the Catholic Church has been elected.