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Let’s Call On Obasanjo To Advise President Tinubu On How To Get Debt Relief For Nigeria – Afe Babalola
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Legal icon and founder of Afe Babalola University, Ado-Ekiti (ABUAD), Afe Babalola, has stressed the need for President Bola Tinubu to seek debt relief for Nigeria from the country’s international creditors.
He emphasized the need to seek a reduction in the interest of the loan and the loan itself in order to save Nigeria’s economy from collapse.
Recalling how former President Olusegun Obasanjo got debt relief for Nigeria, Babalola said it is time to call Obasanjo to advise the Tinubu government on how to get it done.
Speaking on Sunday in Ado-Ekiti during the 6th Induction Ceremony of the 2023 graduating set of the College of Medical and Health Sciences of ABUAD, Babalola, if Nigeria does not seek debt relief, the country’s economy may be crippled with the way things are going.
The legal luminary also lamented that the loans accrued by the government have unfortunately been embezzled by some private individuals.
He emphasized that the sorry state of the economy and the frustration of the people are responsible for the protests across some major cities in the country.
He said, “Nigeria is one of the heaviest debtors in the world, I have written articles about it, let us investigate how we came to several trillions of dollars, what do we spend it on? I can assure you, these money are pocketed by those who said they collected it.
“Let us call on Obasanjo again to advise the present government. When we were in serious trouble in the 90s, after he took over, he went round all the creditors and begged them, one, to peg the interest, two, to even reduce the indebtedness and today, we are better for it.
“Unless we do that, this indebtedness will cripple this country and it will lead to anything. I have seen people especially, in the North who are agitating because of the fact that 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.”
Speaking further, Babalola condemned the recent killings of two traditional rulers in Ekiti State and the hike in food prices.
He urged the government to intensify efforts at tackling insecurity so that farmers can access their farms without fear and enable all Nigerians to be producers of crops by investing in Agriculture.
Babalola also advocated an increase in the salary of teachers in the country to bolster their teaching delivery towards achieving and sustaining quality education in the country, as it has been in the 20th century.
His words, “Monarchs are killed, it is an unusual development, so, what is behind all these is the fact that we have no money, our money has no value, our currency is as worthless as toilet paper, something has to be done about naira and productivity.
“Farmers have left their farms now because of kidnappers, something has to be done about kidnapping and farmers have to be encouraged to go back to their farms.”
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Finally, IGP approves hunger protests across Nigeria
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The Nigerian police has finally approved the planned nationwide protests and outlined conditions for participants.
The Inspector General of Police, Kayode Egbetokun, revealed this on Friday while addressing journalists in Abuja.
He urged all groups planning to participate in the proposed nationwide protest to submit their details to the Commissioners of Police in their respective states.
The police boss said this was to ensure the protest was peaceful.
Egbetokun said, “We acknowledge the constitutional right of Nigerian citizens to peaceful assembly and protest.
“However, in the interest of public safety and order, we urge all groups planning to protest to provide necessary details to the Commissioner of Police in the state where the protest is intended to take place.
“To facilitate a successful and incident-free protest, they should please provide the following information: state the proposed protest routes and assembly points; expected duration of the protest; and names and contact details of protest leaders and organisers.”
The police boss said the information expected from the organisers also include measures to prevent hijacking by criminal elements, as well as key identifiers for possible isolation of potential troublemakers.
By providing the information, he said, the police will be able to deploy adequate personnel and resources to ensure public safety.
He said the police needed to know the specific routes and areas for the protest to avoid conflicts with other events or activities.
Mr Egbetokun said the police will “establish clear communication channels with protest leaders to address any concerns or issues that may arise; minimise the risk of violence, property damage, or other criminal activity.
“We encourage all protesters to cooperate with the police, obey the law, and adhere to global best practices for peaceful assembly to guarantee a safe and successful exercise of their rights.
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Reps North-West Caucus Beg Youths, Citizens In The Region Not To Join Planned Protest
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Reps Applaud FCT Minister, Wike On AICL Improved Revenue, Infrastructure
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