Would you like to receive notifications on latest updates of the following headlines?

Lawan advocates sustainable means to tackle economic woes

POSTED ON December 30, 2024 •   Politics      BY Benedicta Bassey
Former Senate President, Senator Ahmad Lawan )

ABUJA, Nigeria — Former Senate President, Senator Ahmad Lawan (APC, Yobe North), has called on political leaders to seek sustainable solutions to Nigeria’s economic and security challenges.

He stressed that bailouts and temporary interventions, would not address the root cause of the problems faced by vulnerable Nigerians.

According to him, “There is a need for those of us who can afford it to help those in dire need. It is no secret that many Nigerians are in a very desperate situation. This intervention is meant to provide solace and some relief, especially during this festive period.

“Our intention is for these food materials to reach those distressed by the economic situation in the country. While such measures can provide temporary relief, they are insufficient. Our ultimate goal is to make every Nigerian self-reliant. Bailouts and stopgap arrangements cannot solve the underlying issues, but in the meantime, we must act to support our people.”

Lawan raised concerns about the prohibitive 34% interest rate on loans from commercial banks, which he said stifles business investments and food production.

He said the high rates would hinder   local businesses and farmers from being competitive compared to their counterparts in countries with significantly lower interest rates.

He spoke during his foundation Senator Ahmad Ibrahim Lawan (SAIL) distribution of food items in his Yobe North Senatorial District on Monday.

Lawan explained that the initiative aimed to complement the efforts of the Yobe State government in providing relief to the poor and vulnerable during the festive season.

The senator praised the Yobe State government for its efforts and highlighted the importance of state governments working alongside the federal government to deliver good governance. He expressed optimism that the economic reforms introduced by President Tinubu’s administration would yield positive results by 2025.

“I’m looking forward to a very successful 2025 that brings an end to the economic challenges we face. The economic reforms introduced by the federal government are expected to bear fruit. However, governance is not solely the responsibility of the federal government. State governments must play crucial roles in complementing these efforts. Here in Yobe, the state government has been doing well. Recently, it distributed food items to the vulnerable. Whatever we do here is to complement the state government’s efforts, but this alone is not the solution,” he said.

He added that, “We must prioritize enabling our farmers to go back to their farms. In some northwestern states, bandits have made farming almost impossible. Many of these individuals are peasants who depend on farming. Without access to their farms, they are left with no alternatives. As leaders, we must act to restore their livelihoods and provide the necessary resources to support their efforts,” Lawan said.

He urged the federal government to address the high interest rates imposed by commercial banks, describing them as a significant barrier to business growth and food production.

READ ALSO
Tinubu to Sign Four Tax Reform Bills into Law Thursday
BY Abiodun Saheed Omodara June 26, 2025 0

President Bola Tinubu is set to sign four pivotal tax reform bills designed to revamp Nigeria's fisc...

READ ALSO
FG Slams El-Rufai Over Harsh Remarks on Tinubu
BY Abiodun Saheed Omodara June 26, 2025 0

The spokesperson for the President, Bayo Onanuga, criticized former Kaduna State Governor Nasir El-R...

READ ALSO
Kebbi Vows to Tackle Informants Aiding Bandits
BY Abiodun Saheed Omodara June 25, 2025 0

KEBBI, Nigeria - Kebbi State Governor, Dr. Nasir Idris, has pledged to take action against informant...

READ ALSO
PDP seeks Tinubu’s intervention in Osun Crisis
BY Abiodun Saheed Omodara June 25, 2025 0

The Osun State chapter of the Peoples Democratic Party has urged President Bola Tinubu to step in re...

READ ALSO
24 Lawmakers Leave PDP for APC Amid Unresolved Internal Conflicts
BY Abiodun Saheed Omodara June 25, 2025 0

AKWA IBOM, Nigeria - Twenty-four out of the 26 members of the House of Assembly in Akwa Ibom State h...

READ ALSO
Nigeria's 2024 Budget Capital Extension Draws Criticism from Economists
BY Abiodun Saheed Omodara June 25, 2025 0

The Senate and House of Representatives have once again prolonged the implementation of the capital...

READ ALSO
IPOB Rejects Tinubu's Cattle Ranch Proposal as a Disguise for Land Grabbing
BY Abiodun Saheed Omodara June 25, 2025 0

ABUJA, Nigeria - The Indigenous People of Biafra (IPOB) has expressed its disapproval of President B...

READ ALSO
Tinubu Showoff Chicago Classmate Amid Lingering Certificate Forgery Controversy
BY Abiodun Saheed Omodara June 23, 2025 0

ABUJA, Nigeria - Amid ongoing public debate over his academic credentials, President Bola Tinubu on...

OUR CHANNELS:

Kebbi Vows to Tackle Informants Aiding Bandits
BY Abiodun Saheed Omodara June 27, 2025 0

KEBBI, Nigeria - Kebbi State Governor, Dr. Nasir Idris, has pledged to take action against informant...


PDP seeks Tinubu’s intervention in Osun Crisis
BY Abiodun Saheed Omodara June 26, 2025 0

The Osun State chapter of the Peoples Democratic Party has urged President Bola Tinubu to step in re...


24 Lawmakers Leave PDP for APC Amid Unresolved Internal Conflicts
BY Abiodun Saheed Omodara June 26, 2025 0

AKWA IBOM, Nigeria - Twenty-four out of the 26 members of the House of Assembly in Akwa Ibom State h...


Nigeria's 2024 Budget Capital Extension Draws Criticism from Economists
BY Abiodun Saheed Omodara June 26, 2025 0

The Senate and House of Representatives have once again prolonged the implementation of the capital...


Chelsea Advances to Last 16 of Club World Cup with 3-0 Win Over Esperance
BY Abiodun Saheed Omodara June 26, 2025 0

Liam Delap netted his first goal for Chelsea during a 3-0 victory over Tunisian champions Esperance...


IPOB Rejects Tinubu's Cattle Ranch Proposal as a Disguise for Land Grabbing
BY Abiodun Saheed Omodara June 26, 2025 0

ABUJA, Nigeria - The Indigenous People of Biafra (IPOB) has expressed its disapproval of President B...


Police Unveils New Strategies to Combat Gunmen and Restore Public Confidence
BY Abiodun Saheed Omodara June 26, 2025 0

ANAMBRA, Nigeria - In its continued efforts to boost security and regain public trust, the Anambra S...


Nigeria's Gemstone Potential: A Deep Dive into 10 Rare Minerals and Their Regions of Origin
BY Abiodun Saheed Omodara June 26, 2025 0

Nigeria is making waves with a revolutionary $400 million Foreign Direct Investment dedicated to cre...


IPMAN Links Rising Petrol Prices to Crude Oil Costs and Market Dynamics
BY Abiodun Saheed Omodara June 26, 2025 0

ABUJA, Nigeria (NAN) - The Public Relations Officer of the Independent Petroleum Marketers Associati...


EFCC Charges Businessman, Company with $75,000 Fraud
BY Abiodun Saheed Omodara June 26, 2025 0

A businessman, Peter Otomewu, along with his company, Pebeto Enerji Limited, was brought before the...


More Articles

Load more...

Menu