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“Nigeria Could Face Economic Collapse Without Reforms” – Bayo Onanuga
Bayo Onanuga, the Special Adviser to President Bola Tinubu on Information and Strategy, recently addressed concerns regarding Nigeria’s economic situation, suggesting that without the current reforms, the country’s economy could have faced dire consequences similar to those of Somalia.
Onanuga spoke on Thursday, responding to widespread public dissatisfaction regarding the economic challenges brought on by certain policies implemented by the Tinubu administration.
He emphasized that while many Nigerians are understandably impatient for immediate results from these reforms, it’s essential to recognize the necessity of these changes for the long-term success of the economy.
Onanuga acknowledged the current weaknesses in Nigeria’s economy, but he expressed optimism that the ongoing reforms would create a path toward a more productive and sustainable economy.
In his remarks, he reflected on the historical context by mentioning reports from Vision 2010 and Vision 2020, initiatives aimed at boosting Nigeria’s economic potential.
These reports underscored the longstanding issues of inefficiency and weakness within the country’s economy.
Onanuga pointed out that if the government did not take decisive action, Nigeria could find itself facing a situation close to that of Somalia’s economic struggles.
He explained that the government has traditionally reduced consumption, leading to a culture of dependency rather than productivity.
He argued that the reforms are aimed at shifting this issue, encouraging a more productive economic model that can better serve the needs of the people of Nigeria.
Lagos State Police react to claims of them taking money from dispatch riders on the Coastal Road in Lagos.
It started after a rumour was shared that police arrest and take money from riders as a demand for high bribes, sometimes reaching ₦200,000, and seize motorcycles if not given.
The Police Public Relations Officer, SP Benjamin Hundeyin, then addressed the claims online and stated in his statement that he disagreed that the rumour is true and stated, “The spread of misinformation only causes more harm than good. In this era, we can and must do better.”
It has been announced by the governor of Ogun that Tuesday 3rd of February is a public holiday in order to mark the 50th anniversary of the state creation.
This public holiday declaration was released in a statement by the secretary of the state, Tokunbo Talabi.
He then added that the holiday will provide as a day for the citizens to participate in the activities for the state milestone.
Former Kogi politician, Dino Melaye, faces backlash from the public after he shared a video on social media of him abroad and living well through his luxurious lifestyle.
In the same video, he speaks about Nigeria’s current economy and shares his disappointment.
He wrote, “See country, God help us to build a true nation where our wicked leaders will be in jail and the right people in power. Nigeria must be fixed. YES WE CAN.”
However, many state that what he posted and what he is saying contradict each other, and they accused him of sharing his own records to know if he was a corrupt leader.
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