Tinubu is advised by Afe Babalola to express regret for his debts

A lawyer and founder of Afe Babalola University in Ado Ekiti, Aare Afe Babalola, and the Catholic Bishop of Ekiti Diocese, Bishop Felix Ajakaye, have called on President-elect Asiwaju Bola Tinubu to take key decisions immediately he assumes office to bring about the changes Nigerians want. Continue Reading>>>>

While Babalola advised the Tinubu government to prioritize the cancellation of Nigeria’s debt with creditor countries and multilateral financial institutions, Ajakaye urged the new government to reduce high administrative costs to free up funds for development and various other needs.

According to Vanguard News, The ABUAD founder, speaking on Saturday in Ado Ekiti during a lecture titled “Smart Infrastructure: a catalyst for sustainable development” delivered by Professor Bamidele Adebisi, Professor of Smart Infrastructure Systems at the University of Manchester, said a waiver or cancellation would help rid Nigeria of its huge external debt. Continue Reading>>>>

Today, we are the worst debtors in the world. We owe trillions of dollars. We continue to pile up debt even though the current government has only been in office for a few days. And we learn that our new president is cracking down on those who want to invest here.

“I hope the new president will learn from his predecessor, Olusegun Obasanjo, who spent the first two years of his administration going from pillar to post apologizing for our debt. Nobody will come here and invest if you can’t even pay the interest on our huge debt,” Babalola said.

Catholic Bishop Ajakaye, who spoke Sunday in Ado Ekiti during a thanksgiving service to mark World Communications Day, advised that the right people be appointed, adding, “Tinubu must reduce the cost of government and ensure that there are no abandoned projects. He must promote a policy of engagement. He must ensure that his ‘renewed hope’ is meaningful and positive.”

The cleric, who lamented that public funds were going down the drain due to abandoned projects, duplicate political appointees, and the implementation of meaningless projects to divert government funds, said, “Tinubu must put an end to all these and many other things. It is painful that taxpayers’ money is being wasted.”

In his presentation, Prof. Adebisi underscored the importance of technology in all sectors, pointing out that technology has become a catalyst for social development.

He said, “Technology has become a game changer in addressing challenges in all sectors, including agriculture, transportation, and food production.”

 

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