Nigeria’s Economic Woes: Bishop Calls for Urgent Action

In a candid address, Reverend Stephen Fagbemi, the Bishop of the Anglican Diocese of Owo in Ondo State, Nigeria, has painted a stark picture of the country’s economic situation, urging President Bola Tinubu to take immediate action to address the challenges faced by Nigerians.

Speaking at the third session of the 14th Synod of the Church held at St Stephen’s Church, Ipele in Owo local government area of the state, Reverend Fagbemi expressed his deep concern about the economic hardship afflicting the country. He emphasized that the situation is real and painful, and unless urgent and effective steps are taken, Nigeria may witness an uncontrollable rise in crime.

According to the Bishop, Nigeria has become a harder place to live in, with many people fleeing the country in search of better opportunities or struggling to make ends meet. The removal of petroleum subsidy and devaluation of the foreign exchange have contributed to the country’s economic woes, leading to inflation and skyrocketing prices of goods and commodities.

“It has become hard for people to feed their families,” Reverend Fagbemi said. “Perhaps only a very few wealthy individuals can claim to be comfortable at the moment.” He also noted that the high rate of unemployment is a major concern, with many graduates unable to find employment or sustain a livelihood.

The Bishop called on the government to work harder at diversifying the economy and addressing the root causes of the economic hardship. He also expressed his disappointment that the political class is not undergoing any serious economic adjustment, despite their large salaries and perceived disregard for the plight of their constituents.

Nigeria’s economic struggles have far-reaching implications, and Reverend Fagbemi’s words serve as a stark reminder of the urgent need for meaningful action to address the challenges facing the country.