The conference of former Speakers of State Houses of Assembly in Nigeria has urged the Federal Government to make concerted efforts towards mitigating inflationary pressures on citizens through effective price control mechanisms, subsidies for essential commodities, and social welfare programs targeting vulnerable populations.
This is contained in a communique issued at the end of the one-day meeting of the conference held in Yola the Adamawa state capital.
The meeting reviewed the State of the nation and noted the hardship being faced by Nigerians as a result of the economic and security challenges bedeviling the nation.
The Conference notes with concern the present security situation in the country and emphasizes the need for individuals to explore further ways of assisting the President and Governors in curtailing the security situation in the Country.
While commending the effort of President Ahmed Bola Tinubu in tackling the security situation, it further noted that it is paramount to bolster collaborative efforts among security agencies, enhance intelligence-gathering mechanisms, and engage in community-oriented policing strategies.
The Communique assured that the forum will not hesitate to continue to play its part in the effort of bringing security and succor to the people.
The conference decried the depreciation of the Naira and requested the monetary and fiscal authorities to find appropriate solutions to the challenges.
It notes the need for prudent fiscal management, diversification of the economy, and the promotion of local production and entrepreneurship strengthening institutions responsible for monetary policies and implementing measures to attract foreign investments that will contribute to stabilizing the exchange rate and fostering economic growth.
Additionally, it advised investing in youth empowerment programs and addressing the root causes of insecurity, such as unemployment and poverty.
The conference also advised on improving infrastructure, particularly in the transportation and energy sectors, that will reduce the cost of goods and services and enhance the overall living standards of the citizenry.
The Former Speakers Conference emphasized the urgency of implementing these recommendations to foster sustainable development, enhance the well-being of all Nigerians, and promote national unity and prosperity, and called on relevant stakeholders to take decisive actions in addressing the pressing issues for the collective benefit of the nation.
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