Current economic challenges consequences of our past – Shettima

Vice President Kashim Shettima has said the current economic challenges in Nigeria are consequences of the past, which the country needed to break away from and do things differently for economic sanity to prevail.

Speaking on Sunday, at the 29th pre-Ramadan lecture organised by the University of Lagos Muslim Alumni Association, Shettima said the economic policies and reforms of the Bola Tinubu administration came with challenges, which mostly affected the poor in the society.

Emphasising that the government had no intention to punish its citizens, the Vice President urged Nigerians to be mature and responsible in making their grievances known over the nation’s current economic challenges.

Speaking through his Special Adviser on Political Matters, Dr. Hakeem Baba-Ahmed, the Vice President, said the forthcoming Ramadan would come with severe challenges for many Nigerians.

“The leadership of President Tinubu recognises that this Ramadan will come with severe challenges for most Nigerians. The road to where we are today was long and full of missed opportunities and tragic failures to build on our great potential.

“The consequences of our past are the stark realities we face today, such as rising cost of living and pessimism over our prospect to turn round our economy in the direction of growth and inclusive development.

“Yet, my brothers and sisters, we do not have the choice of continuing in the direction that brought us where we are today. We have to fix this country, and failure to do this is not an option.

“All the options we have are difficult and challenging, and they are, without a doubt, more telling on the poor. If there were easier and reliable alternatives to the policy choices we have adopted, we would have adopted them.

“Our administration does not plan to make the lives of Nigerians more difficult, nor do we intend to deceive fellow citizens that the change in direction and the expected outcome can be achieved without pain or sacrifices.

“We are also acutely aware that ours is a set of related Nigerian problems, and the solutions we seek must be genuinely informed by a Nigerian context, not the experiences of others or the preferences of special foreign interests, which are removed from consequences of missteps or errors of judgement.

“Fellow alumni, I appeal to you to help make space for our administration to achieve the goal of turning our nation around. As products of a distinguished institution, we have learnt that progress is only possible if it is informed by criticism and critical scrutiny.

“We expect that Nigerians should express their feelings over our circumstances in a responsible and mature manner. We are also a deeply religious people, and we believe in the powers of faith and prayers. Let us be reminded that Allah Subhanahu Wa Ta’ala tests His servants with ease and hardship, and He asks that we pray to Him for relief from hardship, and discipline in times of abundance.

“I join you in praying that Allah will grant us the privilege of undertaking our Ramadan fast as prescribed by Him, and we shall receive the reward,” Shettima said.