The age-old adage “when the drumbeats of war fade away, the sweet melodies of prosperity begin to play” rings true in Nigeria’s journey towards economic growth and development.
According to Dr. Nneoma Ekeh, a renowned economist, the choice between protests and peace has never been more critical for the country amidst the “10 days of Rage” that has been declared.
While protests may provide a temporary outlet for grievances, peace and stability are essential for unlocking a prosperous future.
This was emphasized at a recent press conference held at the National Press Centre, Radio House, Abuja, where the President Bola Ahmed Tinubu-led administration showcased its efforts to address national challenges and achieve economic prosperity through peace and stability.
Bold policies
Senator George Akume, Secretary to the Government of the Federation, highlighted the administration’s bold policy decisions, including the removal of the unsustainable fuel subsidy regime.
These decisions have resulted in unexpected adjustments impacting the economy and daily lives.
However, economic policy experts contend that these decisions aim to refine and recalibrate the economy for a better future.
The Tinubu government emphasizes that economic prosperity is the ultimate goal, driving progress, lifting families from poverty, and building strong, resilient societies.
To achieve this, peace and stability are crucial, building trust, cooperation, and shared purpose.
As Ibekwe Andrew notes, “When peace reigns, policies yield results, businesses thrive, investments flourish, and creativity is unleashed.”
Significant Strides
The administration has made significant strides in the labour sector, releasing N5 billion to each state to support vulnerable citizens and approving a wage award of N35,000 for six months to alleviate the effect on workers.
The minimum wage bill has also been signed into law, with a review every three years.
Infrastructure development and industries have seen significant investment, with roads and critical infrastructure being developed across the nation.
The Bank of Industry is supporting the growth of MSMEs in the industrial sector. Social safety net programs have been implemented, supporting indigent families with over 15 million beneficiaries receiving family support cash grants.
While this present administration has continually restated that it recognizes the right to peaceful protest, it emphasizes the dangers of protests being hijacked by criminals.
The situation reports across the country indicate that the law enforcement authorities must be on their toes so these protests don’t degenerate into chaos.
Instead, dialogue and collaboration are urged to address challenges. As public affairs analyst Dayo Akindele concludes, “While challenges persist, significant progress has been made, and this present administration remains dedicated to creating a nation where peace, stability, and economic growth are tangible realities.”
