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

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

Gov Monday Okpebolo

Okpebholo Condemns Attack on Opposition Party Members

The governor of Edo State, Monday Okpebholo, has condemned an attack on members of the African Democratic Congress (ADC), describing it as an internal party dispute that escalated into violence. In a statement issued on Tuesday, Mr Okpebholo expressed sympathy for those
Why President Tinubu Rejected Me As Ministerial Nominee – El-Rufai

Custody Dispute Stalls El-Rufai’s Arraignment 

The arraignment of former Kaduna State Governor, Nasir El-Rufai, was stalled on Wednesday after he was not produced in court, forcing a Federal High Court in Abuja to adjourn proceedings until April 23, 2026. At the resumed hearing, prosecution counsel, Oluwole Aladedoye,
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

Godwin Emefiele

Five Banks Fined N1.4bn For Forex Infractions, Others

ACCESS bank, UBA, Fidelity and three other top banks in

Chad: Closing Political Space Ahead of Referendum

Warrant for Opposition Leader; Dozens of Members Arrested Supporters of