By; AMOS MATHEW, Kaduna
The Arewa Consultative Forum (ACF) has suggested a better way for Nigeria to sustain its economy, saying that provision of employment to jobless youth could be an option to improve the economic situation of the country through investing massively on agriculture and solid mineral.
“For government to sustain the economy and provide employment for jobless youth in Nigerian, there is need for massive investment on agriculture and solid minerals,” the group said.
ACF in a statement signed by its National Publicity Secretary, Muhammad Ibrahim Biu said reduction of round tripping medically or otherwise and improvement on local and international investment will stabilize Nigeria’s economy.
This was followed by the report of the National Bereau of Statistics (NBS) that Nigeria has crawled out of recession.
The group also advised President Muhammadu Buhari not rest on his oars until the living conditions of ordinary Nigerians are improved through sustained economic policies and prudent management.
The statement reads:”Arewa Consultative Forum (ACF) welcomes the cheering news that the Nigerian economy is presently out of recession based on the figures contained in the report released by the National Bureau of Statistics (NBS) The report showed that the economy’s exit of recession was spurred by improved performance in the oil, agriculture, manufacturing and trade sectors of the economy. It also indicated that with improved local and international investments, the economy will be better.
“ACF notes with delight that the economic policies and programs of the Buhari’s administration is yielding some positive results. However, ACF urges the Federal Government not to rest on its oars until the living conditions of ordinary Nigerians are improved through sustained economic policies and prudent management.This should include consciously directed effort to merge forex markets in order to reduce round tripping and improve the value of the Naira. Furthermore,Government should invest more in agricu.lture and solid minerals exploration in the hope they will provide job opportunities to our teaming youths and also our foreign exchange earnings,” it stated.
The ACF commended the Federal Government for its political will to resuscitate the Mambilla Power Project that was abandoned over 45years ago.
W”ith the Government approval of about $6.0billion contract to a Chinese consortium, it is hoped that on completion, the Mambilla Hydropower project will add more megawatts of electricity to the economy and also boast our agricultural revolution that will increase food production, employment opportunities, food security. This will also conserve forex needed for importation of raw materials and machine for our industries.
“ACF, therefore, urges the Federal Government to sustain its worthy commitment to this project within its contractual schedule by providing its counter-part funding obligations and payment of appropriate compensation to the communities that will be affected by the project,” the statement concluded.