Nobel laureate Professor Wole Soyinka has said that the current economic challenges in the country ultimately serve the nation’s interests, asserting that the economy will rebound.
Speaking as a guest lecturer at the Punch’s 50th anniversary lecture themed ‘Recovering the Narrative,’ Soyinka stressed the need for government to maintain close proximity to the people.
Also, he stressed the significance of governmental entities refraining from patronizing citizens, aiming to diminish the disconnect between leaders and the general populace.
According to Soyinka, “it’s about time leaders stop taking us for a ride so that the government can come close to the people.
“We don’t want the nation to break, suppose the nation is breaking informally.
“Let nations die so that humanity may live. I don’t like to use the word restructuring. Politicians understand the terms when they are not in office but turn to something else when they assume office. It is the same thing with reconstruction, and it is time to look into it because it is not a slogan.” Soyinka noted.
During his address, Muhammed Idris Malagi, the Minister of Information and National Orientation, praised Soyinka for his paternal contribution to nation-building.
Malagi also highlighted the proactive stance of the government led by Chief Bola Tinubu, in implementing policies aimed at alleviating the hardships faced by Nigerians.
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He said, “Punch has been here for 50 years, and what that tells you is that it’s a story of resilience, trust,hard work, and commitment to the Nigeria project. These are the exact virtues President Bola Tinubu upholds.
“Nigeria is going through hard times now, but it’s not new and it’s not peculiar to this country. All the issues we are discussing now are issues other countries are discussing. A few weeks ago, we heard that the United Kingdom had gone into an economic recession.
President Bola Tinubu has taken very bold steps. The first day after his assumption of office, he took away fuel subsidy, Before he assumed office, the economy was a dead horse standing. So whether the subsidy is removed or not, the economy is going to be challenging.
He ensured that the subsidy went away for the benefit of all. We knew from day one that it’s not going to be an easy sail, but we are seeing the effects of the decision, and the good story is that the government is taking very pro-active decisions to ensure that we turn the corner and Nigeria’s economy bounce back again.
All these things happening are for the good of the country, and the economy is going to bounce back. We foresee a situation where, in another year, this country is going to get better. Let’s talk about the good things happening in this country, it’s not bad news all the time. The National Bureau of Statistics said we are improving by about 66 percent.
“Our fuel consumption has gone down by about a billion liters. These challenges will continue to exist, but the important thing is that the government will always take proactive measures to ensure that the challenges disappear. Very soon, we are going to have a major policy shift in the petroleum sector.
“The NLC has complained about hardship in the land, but we are happy that 24 hours later they also found it necessary to suspend that action. The 15-point demand NLC made for most of them is being met.”
