Nigeria's economy is grappling with numerous challenges that imperil its growth prospects and stability, according to Bishop Ly Omona, Dr. Elvis Abima, and Professor Job Oon. The trio emphasized that the federal government must tackle high inflation, foreign exchange rate volatility, low productivity, weak governance, and poor infrastructure to mitigate these challenges.
They acknowledged citizens' rights to protest and make demands known to the government, but condemned the destruction of property and display of foreign flags during recent protests. The experts urged the government to address pressing issues like insecurity and fuel subsidy reform, granting governors autonomy to tackle state-specific challenges.
Dr. Abima stressed, "Help us with the money we get from subsidy removal, refine locally, and give governors 100% autonomy to deal with state issues." Professor Oon added, "The government can insist on de-fying unions, which contribute to extortionate pricing, not inflation." The experts called for swift action to address these pressing issues, emphasizing that "Nigeria needs quick fixes now."