Muslim Rights Concern (MURIC) has warned Nigerians not to allow those it called bitter politicians and frustrated elements to make them demarket or destroy the country as a result of the current economic crisis.
MURIC’s executive director, Professor Ishaq Akintola who stated this yesterday alerted Nigerians that the economy of the world was shrinking while prices were rising everywhere.
He posited that the outcome of MURIC’s review of economies around the world revealed that shrinking economies all over the world should be a lesson for Nigerians to stop blaming their leaders for the current economic situation in the world.
It also advised the youth to make themselves assets to the country instead of making themselves liabilities.
“As a result of the hyper-inflation which is currently being experienced in Nigeria and the attendant hunger, anger among the citizenry and frustration among the masses of our people, MURIC did a review of the global economy to find out experiences in other parts of the world.
“The world has not seen anything near this since the Great Depression of 1929 – 1939. In the seventy years since 1950, the world economy has experienced four global economic crises (1975, 1982, 1991, and 2009) but none has been as terrible as this.
“Britain recently revealed a 0.3 per cent contraction in the fourth quarter of 2023 and has officially entered a recession.
“Also, two of the world’s leading economies, Japan and the UK, recently entered recession. Of course this reveals the financial struggles that most countries have been facing after the Covid-19 global pandemic.”
