Connect with us


Seek debt forgiveness, Afe Babalola advises Tinubu



Legal luminary and founder of Afe Babalola University, Ado Ekiti, Aare Afe Babalola, and the Catholic Bishop of Ekiti Diocese, Most Rev. Felix Ajakaye, have charged the President-elect, Asiwaju Bola Tinubu, to take critical decisions immediately on assuming office to effect the desired changes Nigerians are yearning for.

While Babalola advised that the  Tinubu administration should prioritise debt forgiveness for Nigeria from creditor countries and multilateral financial institutions, Ajakaye urged the incoming government to reduce the high cost of governance to free cash for development and other sundry needs.

The ABUAD founder, who spoke in Ado Ekiti on Saturday during a lecture titled, “Smart Infrastructure: Catalyst for sustainable development,” and delivered by a Professor of Intelligent Infrastructure System at University of Manchester, Prof Bamidele Adebisi, said forgiveness or cancellation would help relieve Nigeria of humongous foreign debts.

He said, “Today, We are the worst debtors in the world. We owe trillions of dollars. We are borrowing more even when the current government has few days to go. And we learnt that our incoming President has gone to look for those who are coming to invest here.

“What I expect the incoming President to do is to learn from former president, Olusegun Obasanjo, who spent the first two years of his administration going around to beg for forgiveness of our debts. Nobody is coming to invest here when you can’t even pay the interest due on the huge debt that we owe,” Babalola said.

The Catholic bishop, Ajakaye, who spoke in Ado Ekiti on Sunday during a Thanksgiving Service to mark World Communications Day, advised on the appointment of the right people, adding, “Tinubu must reduce the cost of governance and he must ensure that there are not abandoned projects. He must promote politics of engagement. He must ensure his ‘Renewed hope’ is meaningful and positive”

The cleric, who lamented that public funds had been going down the drain through abandoned projects, duplication of political appointments, and execution of meaningless projects to siphon government money, said, “Tinubu should put a halt to all these and many more. It is painful when people are wasting tax payers’ money”.

In his lecture, Prof. Adebisi, stressed the importance of technology in all sectors, noting that technology had moved up the rung of the ladder to act as a catalyst for societal development.

He said, “Technology has become a game changer to address the challenges in all areas including agriculture, transport and food production.”

Source link

Continue Reading

Just In

Entertainment30 mins ago

AIT chairman and owner, Raymond Dokpesi is dead

Chief Raymond Dokpesi, the Chairman of Daar Communications (AIT) and politician passes away on May 29th, 2023. Dokpesi, a senior...

Entertainment32 mins ago

Shade Ladipo shades Basketmouth as she celebrates Ayo Makun’s National Honor

Media personality, Shade Ladipo has thrown shade at Basketmouth while congratulating Ayo Makun on his National Honor award. In a...

News46 mins ago

I’ll build on Okowa’s legacy, give special attention to Warri

The new Governor of Delta State, Hon. Sheriff Oborevwori on Monday pledged to build on the legacy of the outgone...

News52 mins ago

AIT founder Raymond Dokpesi is dead

Mr Raymond Dokpesi, the founder of DAAR Communications, proprietors of Africa Independent Television and Raypower FM is died. Dokpesi died...

Entertainment2 hours ago

“Fuel subsidy is gone” – President Tinubu declares

President Bola Tinubu declared the abolition of fuel subsidy in his inaugural address at Eagle Square in Abuja, emphasizing his...

Entertainment2 hours ago

Daddy Freeze mocks Bishop Feyi Daniels as Lagos court remands him over rape allegation

Media personality, Daddy Freeze has made a mockery of the founder of 1 Reign Christian Ministry, Bishop Daniel Oluwafeyiropo better...

News2 hours ago

AIT Chairman Raymond Dokpesi Dies In Abuja

Chief Raymond Dokpesi, Chairman of Daar Communications has reportedly died. According to reports, Dokpesi, who was a chieftain of the...

News2 hours ago

Breaking: Raymond Dokpesi, owner of AIT, Raypower is dead

By Kazeem Ugbodaga Chairman, DAAR Communications, High Chief Raymond Dokpesi, has died at the age of 71, his son announced...

Entertainment3 hours ago

New Kano Governor Abba Yusuf refuses to sit on official seat used by predecessor Ganduje

A dramatic moment was captured today, May 29, at a handover ceremony in Kano state, as the new Governor of...

Entertainment3 hours ago

Kunle Afolayan reacts as Femi Adebayo celebrates his latest achievement

Award-winning Nollywood actor Kunle Afolayan has reacted as his colleague, Femi Adebayo, celebrates his latest achievement. Femi Adebayo, on Instagram,...

Copyright © My State News 2023 Powered by Nestec Media Services