‘Engage seasoned economic advisers to end recession’

Debo Adeyewa

Debo Adeyewa

The Federal Government has been enjoined to engage seasoned economic advisers and adopt pragmatic measures to bail the nation out of the current recession.

The masses are also advised to stop complaining and instead should begin to embrace indigenous products to save the country’s foreign exchange.

Vice Chancellor, Redeemer’s University (RUN), Ede, Osun State, Prof. Debo Adeyewa, who gave the charge yesterday at a pre-convocation media briefing, stressed the need to urgently rescue the citizens from hunger, noting that the gale of disengagements from organisations had reached an alarming level.

While maintaining that the International Monetary Fund (IMF), World Bank and other global institutions could not salvage the country, he implored President Muhammadu Buhari and his economic team to look inward by adopting pragmatic solutions to save Nigerians of starvation.

“The change people are expecting is a positive one. At this level, the Federal Government needs to engage seasoned economic advisers and must shop for solutions to make the country come out of this woe.

“With the contribution of private universities to the growth and well-being of our dear country, I call on the government to support private universities. There is the need to declare a state of emergency on education by pumping in money to salvage the institutions. Serious governments do serious things,” Adeyewa stated.

A major high point of the day according to the vice chancellor will be the installation of General Theophilus Danjuma (rtd) as the second Chancellor of the university to succeed Emeritus Prof. Tekena Tamuno, who died a year ago.

The convocation lecture titled “Nation building and Nigeria’s economic challenge”, which will be delivered by the Chairman, African Capital Alliance, Mr. Dick Kramer, will provide both local and international perspectives to the country’s economic challenges and proffer the way forward for the economic downturn.

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1 Comment
  • abiamone

    As any Nigerian economist will testify, capitalism, the cornerstone of the theory and practice of economics, is not part and parcel of our culture. University degrees cannot teach or alter culture and habit. No economist can solve Nigeria’s long term problems unless the economic system we are adopting is in tandem with our culture and tradition. Rich Nigerians send their children out of the country for good education and allow the majority to go to abattoirs called universities. With this gap between the lifestyles of the rich and the poor, no capitalist theory would dissuade the downtrodden from committing crimes in order to be like the Joneses. We have to overcome the limitations placed on us by tribalism and religion for any meaningful solution to our problems.