Aareonakakanfo of Yorubaland, Iba Gani Adams, has warned that high spate of insecurity and dwindling economy are setting Nigeria up for a dangerous tailspin.
Adams made the disclosure in Osogbo at the 2022 edition of Osun Osogbo festival, held at L’aaro Primary School, Asubiaro Area, Isale Osun, Osogbo, Osun State.
He said the spiraling inflation, rising energy costs, scarcity of foreign exchange and dwindling value of the naira are 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 are 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 bedeviling 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 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”.
Speaking about Osun Osogbo festival, Iba Gani Adams said the annual fiesta ranks among the most celebrated festivals in the South-West.
He urged traditional rulers in the region to promote the various festivals in their respective communities.
Meanwhile, the Ataoja of Osogboland, His Royal Majesty, 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 festival 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 OPC coming down to Osogbo to celebrate Osun festival with us”
Prominent dignitaries at the event include the Onigbaye of Igbayeland, Oba Joseph Moronfoye, the Onigore of Igore land, Oba Adeogun, Osi Aareonakakanfo of Yorubaland, 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 all members of the OPC National Executive Council (NEC) and National Coordinating Council (NCC), among others.
