• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, August 24, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

A Bold Plan To Crush Inflation In Nigeria: Time To Act Is Now!

by Abidemi Adebamiwa
10 months ago
in Backpage
Inflation In Nigeria
Share on WhatsAppShare on FacebookShare on XTelegram

Inflation is strangling the average Nigerian. Food prices are skyrocketing, transport costs are unbearable, and housing is out of reach. But here’s the truth: this crisis can be fixed—if we act quickly and decisively. This plan offers clear, powerful steps to bring down prices, eliminate wasteful spending, and fight corruption at its core. It’s not just a wish list—it’s a demand for action. By focusing on solutions that have worked elsewhere, this approach can bring real change and make life better for all Nigerians.

Advertisement

The situation is Dire and Urgent

Nigeria is in the middle of an economic storm. The naira is losing its value, food is too expensive, and corruption is making everything worse. This isn’t a time for empty promises or politics as usual. It’s time for bold, results-driven leadership that’s willing to make tough decisions. Inflation is not just an economic issue; it’s a daily hardship for millions of Nigerians. But it’s a battle we can win—if we make the right moves now.

What the Government Must Do Right Now
Adjust Monetary Policy to Protect the Naira
The Central Bank of Nigeria (CBN) must act now to strengthen the naira and stabilize inflation.
Why It Works: India faced a similar crisis and turned it around by revising its monetary policies. They stabilized their currency and controlled inflation. Nigeria has the same potential—if we act swiftly.

Fix Our Broken Supply Chains

Nigeria’s goods must move faster and cheaper. Better infrastructure will bring down prices and make essentials more affordable.
Why It Works: Indonesia, another oil-rich nation, invested in better infrastructure to reduce costs and control inflation. Nigeria, with similar challenges, can achieve the same success by improving its roads, ports, and railways.

Empower Our Farmers to Feed the Nation

Nigeria’s farmers can feed the country—but they need support. Fertilizers, seeds, and modern tools will boost local food production and reduce dependency on costly imports.
Why It Works: Brazil’s “More Food” program helped farmers increase production and stabilize food prices. Nigeria’s vast agricultural sector can do the same, but only if farmers receive the tools they need to succeed.

RELATED

Can A Ghost Be A Biological Father?

Can A Ghost Be A Biological Father?

12 hours ago
This Power Oracle Called IBB @84

This Power Oracle Called IBB @84

1 day ago
ADVERTISEMENT

Control Prices on Essential Goods

While we work on longer-term solutions, temporary price controls on key goods like rice, oil, and sugar can give immediate relief to struggling families.
Why It Works: Argentina’s price freezes provided immediate relief during a similar inflation crisis. If it worked there, it could work here.

Support Local Manufacturing and Create Jobs

Give tax breaks to companies that manufacture essential goods right here in Nigeria. This will make goods cheaper, create jobs, and reduce import dependency.
Why It Works: South Africa did exactly this—lowering production costs and stabilizing prices while creating more jobs. Nigeria has even greater potential to grow its industries and reduce prices.

Teach Nigerians How to Manage Money Better

Launch a nationwide campaign to teach people about smart financial management and the benefits of buying local products.
Why It Works: Kenya’s “Buy Kenyan, Build Kenya” campaign encouraged people to buy local, reducing inflation and boosting domestic industries. Nigerians are resilient and adaptable—this campaign can work here, too.

ADVERTISEMENT

Corruption: The Real Enemy of Progress

Corruption is not just hurting the economy—it’s bleeding the country dry. Every naira stolen is a naira that could have lowered prices, created jobs, or improved public services. It’s time to attack corruption head-on.

Make Government Services Digital

Move everything from business registrations to land approvals online. Less human contact means less bribery.
Why It Works: Estonia, once a struggling country, became one of Europe’s least corrupt nations by going digital. If it can work in Europe, it can work in Nigeria.

Empower Anti-Corruption Agencies

Give more resources and real authority to the EFCC and ICPC to investigate and prosecute corruption cases quickly and effectively.
Why It Works: Indonesia’s anti-corruption commission tackled big cases, won public trust, and improved the economy. Nigeria’s agencies can achieve the same results with the right support.

End Wasteful Spending and Redirect Funds

Stop the bleeding of public funds, especially in agriculture and infrastructure projects. We need stricter audits and accountability.
Why It Works: Ghana reformed its financial systems to cut waste and redirect funds to where they were needed most. The results? Lower inflation and better services for the people. Nigeria must do the same.

Protect Whistleblowers

Whistleblowers must be protected, not punished. Encourage more Nigerians to come forward and expose corruption without fear.
Why It Works: South Korea’s whistleblower protection laws increased reporting of corruption, making government operations more efficient. Nigeria’s laws must be strengthened to protect those who speak out.

Bring in the Best Brains—We Need Experts, Not Politicians
It’s time to let experts, not career politicians, take charge of solving this crisis. The economy is too fragile for trial and error.

Hire Independent Experts
Bring in top technocrats—seasoned professionals, including Nigerians from abroad—who know how to stabilize economies and deliver results.
Why It Works: India and Brazil both relied on technocrats to lead economic reforms, and it worked. Nigeria can achieve even more with the right people leading the charge.

Meet Regularly with Experts
Convene roundtable discussions with economic experts, business leaders, and civil society to keep solutions fresh, practical, and focused on the needs of ordinary Nigerians.

Cut Government Waste—Every Naira Saved Can Help Nigerians
The cost of running the government is too high, and the average Nigerian is paying the price. This must change—immediately.

Slash Unnecessary Spending
Reduce excessive allowances, non-essential travel, and wasteful programs. The savings can be used to support measures that fight inflation.
Why It Works: South Africa reduced administrative costs and used the savings to support social programs during economic hardship. Nigeria can do even more.

Make the Government Leaner
Simplify government structures to eliminate waste and improve service delivery. Focus spending on what truly matters.
Why It Works: Kenya streamlined its government during a crisis, leading to better resource allocation. Nigeria can learn from this and do better.

Make Spending Transparent
Use digital tools to track and publicly share how government money is spent. This will reduce corruption and build trust.

Why It Works: Rwanda’s open budgeting system reduced waste and built public confidence, improving the economy. Nigeria should adopt this approach to make every naira count.
A Call for Bold, Decisive Leadership—No More Excuses

Nigeria is at a breaking point, and Nigerians are demanding action. This plan is not just a set of recommendations—it’s a demand for bold, urgent change. The people need leadership that prioritizes results, cuts waste, and tackles corruption head-on.

President Tinubu, the time to act is now. Convene an emergency meeting with experts and key stakeholders and implement this plan. The Nigerian people cannot wait any longer.

The clock is ticking. Inflation must be crushed, trust must be restored, and Nigeria’s potential must be unleashed. The country deserves a future where basic goods are affordable, jobs are plenty, and corruption is a thing of the past.

Let’s make it happen—together.

– Adebamiwa Political and policy analyst writes from Pleasanton, California


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Nigeria’s Inflation
SendShare10176Tweet6360Share
ADVERTISEMENT
Previous Post

SOS Children’s Villages Demands Justice For Ogun Schoolboy’s Tragic Death

Next Post

Media Urged To Support War Against Corruption

Abidemi Adebamiwa

Abidemi Adebamiwa

You May Like

Can A Ghost Be A Biological Father?
Backpage

Can A Ghost Be A Biological Father?

2025/08/24
This Power Oracle Called IBB @84
Backpage

This Power Oracle Called IBB @84

2025/08/23
Putin As The President’s Medicine
Backpage

Putin As The President’s Medicine

2025/08/22
DNA Wahala
Backpage

DNA Wahala

2025/08/21
Runway Of Double Standards And Nigeria’s Hierarchy Of Power
Backpage

Runway Of Double Standards And Nigeria’s Hierarchy Of Power

2025/08/20
How We Are Revolutionising Public Transport In Enugu State
Backpage

How We Are Revolutionising Public Transport In Enugu State

2025/08/20
Leadership Conference advertisement

LATEST

Yobe Varsity Student Dies, 4 Others Injured In Fatal Accident

IAWPA Set To Observe UN International Day Of Police Cooperation In Abuja

6 Die, 19 Rescued, 3 Missing In Fresh Sokoto Boat Mishap

Oyo Gov’t Denies Closure Of Gbagi Market In Ibadan

Electoral Reform: Yiaga Africa Advocates Stripping President Power To Appoint INEC Chair

Police Bust Drug Cartel, Arrest 4 Suspects In Akwa Ibom

Nigeria Police Deport Wanted Chinese Gang Leader

Igboho Apologises To Alaafin Over Comment At Ooni’s Palace

Anambra’s Nonye Soludo Wins ‘Humanitarian First Lady’ Award 2025

Wang Yi’s Visit To Delhi Signals Strategic autonomy to US

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.