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

U.S. Troops Touch Down in Nigeria as 200-Member Deployment Begins

The first contingent of United States troops has arrived in Nigeria, kicking off a planned deployment of roughly 200 personnel to support the country’s military in targeted counterterrorism operations in the northeast. A U.S. military aircraft landed late Thursday night at a
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

NCDMB’s Ezeobi Highlights Role Of Strategic Communication In Implementing Local Content For National Devt

A Jacksonite’s Happy Return For Annual Lecture

By Dr. Obinna Ezeobi As I stood on the podium
Akpabio Sworn In As Senate President

Breaking: Godswill Akpabio Wins Senate President 

Former Governor of Akwa Ibom State,  Senator Godswill Akpabio has