Aareonakakanfo of Yoruba land, Iba Gani Adams has warned that the high spate of insecurity and dwindling economy were setting Nigeria up for a dangerous tailspin.
Adams made the disclosure yesterday in Osogbo, the Osun State capital at the 2022 edition of Osun Osogbo Festival held at Isale Osun, Osogbo.
Adams said the spiralling inflation, rising energy costs, scarcity of foreign exchange and dwindling value of the naira were factors bleeding the Nigerian economy.
The Yoruba generalissimo stated also that the frightening spate of insecurity, dire economic situation, with stuttering education system, rising debt profile, depleting foreign reserves and rising fuel subsidy expenses were hanging on Nigeria’s neck.
“It is obvious that President Muhammadu Buhari is too aloof to have a full grasp of the enormity and complexity of the security and socio-economic challenges bedevilling Nigeria. It is genuinely difficult to fix the Nigerian economy with the present approach.
“There is no guarantee that this economic slide can last beyond next year, unless the Federal Government embarks on holistic economic reforms.
“The Federal Government must change the regulatory mechanism in order to stop the never- ending security scourge.
“The Federal Government should resolve the security and economic challenges with pragmatic reform to save the economy and tackle forex scarcity,” Adams, who is also National Coordinator, Oodua Peoples Congress (OPC) said.
Speaking about Osun Osogbo Festival, Iba Gani Adams said the annual fiesta ranks among the most celebrated in the South West. He urged traditional rulers in the region to promote the various festivals in their respective communities.
Meanwhile, Ataoja of Osogboland, Oba Jimoh Oyetunji Olanipekun, in his remarks applauded the efforts of Aare Gani Adams, insisting that the Yoruba generalissimo has been a blessing to the South West.
Oba Olanipekun added that the festival is the major one that has attracted tourists to the town.
“I express my appreciation to the Aareonakakanfo of Yoruba land for the yearly support. I am happy whenever I see all members of the OPC coming down to Osogbo to celebrate Osun festival with us,” the monarch enthused. Prominent dignitaries present at the event include Onigbaye of Igbayeland, Oba Joseph Moronfoye; Onigore of Igore land, Oba Adeogun, Osi Aareonakakanfo of Yoruba land, Chief Gani Kayode Balogun; Parakoyi Aareonakakanfo of Yoruba land, Prof.Raheem Kolawole; Coordinator of the Oodua Progressives Union (OPU), African Union, Otunba Olusegun Ogunpitan; Coordinator of OPC in Osun State, Prince Adedeji Aladesawe and members of the OPC National Executive Council (NEC) and National Coordinating Council (NCC), among others.