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Democracy Day: Ajadi Admonishes FG To Improve Economy, Infrastructure
A Chieftain of the New Nigeria People’s Party (NNPP) in the South West, Ambassador Olufemi Ajadi Oguntoyinbo, has lamented that despite uninterrupted 26 years of democratic rule in Nigeria, the country still struggles with infrastructure decay and a weakened currency.
Ajadi therefore called on President Bola Tinubu – led Federal Government to urgently formulate policies that will improve the ratings of naira with other countries’ currencies as well as take a decisive actions to improve infrastructure facilities in the country.
Ajadi made the call in a statement issued to mark this year’s edition of June 12 Democracy Day, which falls on Thursday, copies of which were made available to newsmen.
June 12 was picked as the Democracy Day by former President Muhammadu Buhari in honour of the late Chief MKO Abiola, who won the June 12, 1993 presidential election, which was acclaimed as the freest and fairest presidential election in Nigeria, but annulled by former military president, Gen Ibrahim Babangida (Rtd).
According to Ajadi, a politician and business tycoon, “the present economic situation in Nigeria has shown sadly that Nigeria has lost its status as the giant of Africa.”
Ajadi said that democracy all over the world brings developments to the people, but wondered “why successive democratic governments in the country have made Nigeria worse than they met it.”
He averred that the exchange rate of Naira to Ghana Cedis and CFA, currency of eight independent states in West Africa, which make up the West African Economic and Monetary Union (UEMOA; Union Économique et Monétaire Ouest Africaine) “reflects the shambolic nature of Nigeria economy.”
He expressed deep concern over the negative impacts of the dwindling value of the naira on various sectors of the economy.
He urged the Federal Government to swiftly address the issue to alleviate the hardships faced by the citizens.
The parlous state of naira, according to Ambassador Ajadi, has led to a surge in prices of commodities, saying that it is eroding the purchasing power of the citizens.
“As prices soar, the Nigerian people find themselves grappling with increased financial strain. From an entrepreneurial standpoint, sustaining production becomes a formidable challenge, prompting manufacturers to pass on additional costs to consumers,” he said.
Ajadi also called on governments at all levels to improve infrastructure facilities in the country, especially roads.
According to him, one of the infrastructure that needs urgent attention is the network of roads that links various states in Nigeria.
Ajadi also called on the Federal Government, through the Ministry of Aviation, “to improve the deplorable state of the Murtala Muhammed International Airport, Lagos.”
He said that Terminal 1 of the Murtala Muhammed International Airport (MMIA) local, Ikeja, Lagos, has poor ventilation, non-functional air conditioners and has thus become an uncomfortable waiting ground for both local and international passengers.
—Kunle Bakare.
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