Babalola seeks urgent solution to inflation, naira devaluation.

Babalola seeks urgent solution to inflation, naira devaluation.

In Ado Ekiti, Ekiti State capital yesterday, elder statesman and Senior Advocate of Nigeria (SAN) Afe Babalola admonished President Bola Tinubu to adopt solution-driven interventions for the economic and security challenges facing Nigerians.

Elder statesman Babalola listed inflation, naira depreciation and kidnapping as issues that have put Nigerians in pain.

Babalola, at the sixth induction of 161 Afe Babalola University Ado-Ekiti (ABUAD) medical doctors, said the surge in inflation and the “worthless” value of the naira had further imposed hardship on Nigerians and eroded the production capacities of small and medium-scale enterprises.

The ABUAD founder added that the economic pressure propels some frustrated Nigerians into criminal activities, including kidnapping.

Describing the recent killing of some monarchs by kidnappers as “an unusual development,” the elder statesman said, “something has to be urgently done about the issue of kidnapping.”

Babalola also stressed the urgent need for the Federal Government to boost local food production and for the migration of Nigerians, otherwise known as Japa syndrome, to be checked.   

He specifically enjoined the inducted medical doctors to shun the urge to ply their trade abroad.

His words: “The Japa syndrome is a development in the country. This syndrome has to stop and the only way to stop it is to increase the salaries and wages of workers, which in my case I did by increasing the salary of my workers by 35 percent.

“Many farmers have left their farmland now because of kidnappers, something has to be urgently done about the issue of kidnapping. Farmers have to be encouraged to go back to their farms.

“It is saddening that monarchs are killed, it is an unusual development. what is behind all these is that we have no money, our money has no value and our currency is as worthless as toilet paper. Something has to be done about the naira and productivity. “I have seen people, especially, in the North agitating because the naira is getting worse, food prices are high, no employment, and those who get it are not paid. Something has to be done about it.”