President, National Youth Alliance, Ambassador Aliyu Bin Abbas, has said that all hope is not lost in Nigeria, as the country can overcome present challenges through collaboration, innovation, and inclusive governance.
Abbas who asserted this in an Eid-el-Fitr message signed by his media aide, Okpani Jacob Onjewu Dickson, said, “We can overcome our challenges and build a prosperous and united Nigeria”
In the message titled, “Eid Mubarak: State of the Nation”, Abbas said one pressing issue that demands attention is the volatility of the Nigerian Naira.
“We’ve witnessed fluctuations from nearly N2,000 to $1 to the current rate of N1150 to $1. While the recent short-term improvement is welcomed, it’s essential to recognize the underlying damage caused by years of fluctuating exchange rates, round-tripping, and economic instability. These factors have severely weakened our economy, posing challenges that may persist for a decade or more,“ he said.
The NYA president lamented that the removal of fuel subsidies has further compounded the economic strain on Nigerians.
„The ripple effects are felt across all sectors, with skyrocketing inflation exacerbating the financial burdens faced by citizens. Additionally, insecurity continues to plague our nation, particularly affecting farmers who bear the brunt of violence and displacement.
„Moreover, the recent increase in electricity tariffs adds to the financial strain faced by ordinary Nigerians. As we navigate these challenges, it‘s evident that urgent action is needed to address the underlying issues and chart a path towards sustainable development,“ he added.
He urged President Bola Ahmed Tinubu to prioritize engaging with the youth to understand their needs and aspirations.
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