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Business News of Monday, 2 October 2023

Source: www.punchng.com

Arrest inflation, provide infrastructure - Industrialist urges FG

Ambassador Olufemi Ajadi Ambassador Olufemi Ajadi

The Managing Director of Bullion Go-Neat Global Limited, Ambassador Olufemi Ajadi, has urged the Federal Government to check inflation in the country as a way of making life more meaningful for the masses.

Ajadi gave the advice while delivering an Independence Day anniversary appeal to the Federal Government, according to a statement sent to PUNCH.

He observed that inflationary pressures in the economy coupled with high cost of foreign exchange, multiple taxation and poor infrastructure were contributing to the high cost of living and also making it difficult for entrepreneurship to thrive in the country.

He said there would be no better way of marking the independence than for the government to respond to the aforementioned challenges.

“As our country celebrates 63 years of independence, I therefore reiterate our call for the government to put things in place and help our economy to grow.”

“It is an important season for the nation, unfortunately, rather than celebrate this anniversary of nationhood, Nigerians across states and zones are left to groan and complain. And do you blame them, when the economy has been biting harshly and insecurity worse?”.

Ajadi said the masses could not afford to be celebrating the anniversary when there is no food in their stomachs, no money in their pockets and worse, left to battle banditry, armed robbery and other kinds of insecurity.

“It is the job of the government to create jobs so that the citizens can work and have a means of sustenance.

“It is the duty of government to provide infrastructure, secure lives and property, provide incentives for entrepreneurs to create jobs for people to earn a living and be happy. But what do we have presently?

He also urged the Nigerians never to lose hope. Instead, the failure of past governments to provide good governance should rather strengthen their resolve and faith in a better Nigeria.

“I believe in it, and that’s why I am in the struggle towards the emergence of good governance, not just in our dear state, Ogun but dear country Nigeria.

“So as I salute Nigerians at independence, I most importantly appeal to all of us not to despair. I repeat my appeal to our political leaders to give us good governance and ensure improvement in the life of the citizenry. This is the whole essence of leadership. God bless Nigeria, God bless us all”, Ajadi prayed.