President Tinubu seems to lacks clear understanding of keys to Nigeria’s economic revival – ISAN

 

The Independent Shareholders Association of Nigeria (ISAN) has said that it would seem that President Bola Tinubu has not grasped the main key to the nation’s economic revival, saying that the various problems bedeviling the country can be ameliorated if the insecurity is tackled.

 

Speaking to the media in a chat on the economic situation in the country, ISAN’s  new National Co-ordinator, Mr Moses Igbrude maintained that whether it is to tackle the impacts of the subsidy removal on refined Petroleum, or to mitigate the bad impacts of the single window exchange rate on Nigeria or to boost export potential of the country to tap into opportunities offered by the much weakened Naira, the security issue holds the key.

 

ISAN, which is the biggest shareholder organisation in Africa, therefore urged the President to have a re-think on his economic strategies,stressing that his recent declaration of a state of emergency on food production and agriculture generally would be cosmetic until the needful is done.

 

Mr Igbrude declared that there is need to effect a total reformation of the security architecture of the nation and that its no-longer plausible for us to be bothered with the continuous killing daily in the middle-belt or elsewhere.

 

He stated that for Tinubu to succeed he must begin to show the nation in clear terms that he could handle the nation’s security challenges in the overall interest of the nation, maintaining that to manage the economy effectively it must be clear to all and sundry that Nigeria is not business as usual.

 

The ISAN helmsman stated that for the forex challenge to be ameliorated that the nation needs to think outside the box as he wondered why the country’s business need so much dollars while most of our imports come in from China.

 

He therefore urged the government to make deals with China and other countries of the World where our imports come from so that we can pay for goods in other mutually agreed amenable currencies.

 

According to him, this will enable our economy and help us resolve our predicament in the overall betterment of our situation,saying that its sad that we should base all our imports on a currency we dont produce nor have control over.