Tinubu Exposing Nigeria's Economy To Volatility - MUSWEN President Warns
The President of the Muslim Ummah of South West Nigeria (MUSWEN), Alhaji Rasaki Oladejo, has said that Nigerians’ ability to withstand economic and social shocks has been severely weakened by the Federal Government poor governance, overdependence on oil revenue and very weak institutions.
Alhaji Oladejo stated this on Thursday, during the Formal Opening of the Guild of Muslim Professionals (GMP) Convention at AM2PM Hotel, Ijebu-Ode, Ogun State.
Represented by the Deputy President II, MUSWEN, Alhaji Thabit Wale Sonaike, Alhaji Oladejo, said the country ranks among the least resilient nations in Africa.
He added that infrastructure deficits, insecurity, high poverty levels and rising debt have further eroded national resilience.
According to him, Nigeria’s per capita GDP declined by an average of 0.7 per cent annually between 2014 and 2023, while inflation exceeded 40 per cent in 2024, worsening hardship for citizens. , electricity shortages, food insecurity and widespread poverty remain major challenges,” he said.
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