ICYMI: Soaring cost of living ticking time bomb, say Sanusi, others
, skyrocketing prices of goods and services, as well as the absence of proven economic drivers, the country has continued to teeter dangerously on the edge of the abyss.
Sanusi continued: “Calling me controversial or calling me an enemy or critic will not make those facts go away. So, anywhere we go, we must face these facts. Am I happy about it on my 60th birthday? No because 60 years ago when I was born, the United States government advisory was telling investors that Nigeria has a better economic future than Japan. Today where are we and where is Japan?
“As Emir of Kano, we got scholars to sit for three years. We drafted a Muslim Code of Personal Status that began to address some of these issues. That law was ready in 2019, but it has not been passed. I also sent it to the Chairman of the Northern States Governors’ Forum, the Governor of Plateau State, and said, in case any of the governors need it, give it to them. I have not heard anything. But we keep talking about poverty in the North. We keep talking about Almajirai.
BEYOND the employment crisis, which was estimated at 33.3 per cent as of December 2020, activists are clearly not satisfied with the government’s efforts in tackling insecurity. A rising unemployment rate alongside escalating inflation means a higher misery index, which currently stands at about 51 per cent.
DAVID Adonri, a financial expert and Vice Chairman of Highcap Securities Limited, said: “There is no quick fix to reducing poverty. Time is required to correct the politico-socio-economic imbalances and abnormalities that cause poverty. First is the need to identify all the microscopic and major factors responsible for poverty in Nigeria and carefully address them.“Starting from social factors, overpopulation can readily be fingered.
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