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

Economy: Don’t Suffocate Businesses, CPPE Warns Regulatory Agencies

US-Iran Conflict Could Fuel Inflation in Nigeria – CPPE

Nigeria’s economy faces growing risks from the escalating conflict between Iran, the United States, and Israel, with higher oil prices, inflationary pressure, and potential capital flight among the main threats, a leading economic think-tank warned on Sunday. In a policy brief, the

Ex-Iranian President Ahmadinejad Killed in Tehran Airstrike

Former Iranian President Mahmoud Ahmadinejad, 69, was killed along with his bodyguard in an airstrike on his Tehran residence, state media reported, as Iran faces a wave of U.S. and Israeli military strikes targeting its leadership. The attack comes amid an unprecedented

Iran Strikes Kill Three in UAE Amid Gulf Attacks

Iran has launched a sustained wave of missile and drone attacks across Gulf states, killing three people in the United Arab Emirates and injuring dozens more, Emirati authorities say. The strikes, which began on Saturday, mark an unprecedented escalation in the region

Omokri Rejects Claims Tinubu Using ‘Mystical Powers’

Controversial social commentator, Reno Omokri, has rejected claims that Nigeria’s president, Bola Tinubu, is relying on mystical influence to consolidate political support. In a post on social media on Sunday, Omokri said the president’s growing influence was instead based on economic performance
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

Nigeria Gold Refinery Triggers Regional Row Over Project Location

A dispute has emerged over the location of a gold

US-based Lawyer Salis Becomes First Nigerian In Space

Owolabi Salis, a Nigerian-born lawyer and political figure based in