Ex-Speakers Decry Falling Naira, Task Tinubu On Urgent Solutions

The Conference of Former Speakers of State Houses of Assembly of Nigeria (COFSSHA) has decried the falling value of the naira and called for urgent intervention by the Bola Tinubu administration.

The call was contained in a communique the association issued after a meeting in Yola, Adamawa State, at the weekend.

The communique was signed by the chairman of COFSSHA and former Plateau State governor, Senator Simon Bako Lalong.

The association had reviewed the state of the nation and the hardship faced by Nigerians as a result of the economic and security challenges bedevilling the nation.

It called on monetary and fiscal authorities to find appropriate solutions to free fall of the naira.

The group said there was need for prudent fiscal management, diversification of the economy, and promotion of local production and entrepreneurship to strengthen the institutions responsible for monetary policies and implement measures to attract foreign investments.

COFSSHA suggested that this measure will contribute to stabilising the exchange rate and fostering economic growth.

The conference also urged the Federal Government to as a matter of urgency embark on initiatives geared towards ameliorating the myriad problems involving all stakeholders, and bring a lasting solution to the crisis.

COFSSHA said it understands the burden placed on citizens due to the rising cost of living and advised that concerted efforts be made to mitigate inflationary pressures through effective price control mechanisms, subsidies for essential commodities, and social welfare programs targeting vulnerable populations.

Furthermore, the conference advised the government to improve infrastructure, particularly in transportation and energy sectors to reduce the cost of goods and services and enhance overall living standards of the citizenry.

On the security situation of the country, the conference also recognised the imperative need to restore peace and security across the nation.

It noted that individual members should explore further ways of assisting the President and Governors in curtailing the security situation in the Country.

The conference noted that It is paramount to bolster collaborative efforts among security agencies, enhance intelligence gathering mechanisms, and engage in community-oriented policing strategies.

Additionally, it advised on investing in youth empowerment programs and addressing the root causes of insecurity, such as unemployment and poverty.

It was resolved also that the National assembly should reinstate statutory delegates for former Speakers.

The group stressed the need to urgently implementat the recommendations to foster sustainable development, enhance the well-being of all Nigerians, and promote national unity and prosperity.