Varsity students knock FG over rising economic hardship, insecurity

The Students Representative Council (SRC) of the Great Ife Students’ Union, Obafemi Awolowo University, OAU, have attacked the Federal Government over the rising economic challenges facing the country.

The students in a statement signed by the leadership of the SRC on Sunday, said the staggering inflation rate of 29.9%, the highest since May 1996, coupled with the daily devaluation of the Naira to an alarming exchange rate of #1590 per dollar in the parallel market, reflects the sheer negligence and incompetence of the government. 

“This alarming economic downturn has led to an unbearable cost of living, making it increasingly difficult for the average Nigerian to afford basic necessities.

“Furthermore, the rampant cases of insecurity, including kidnapping and banditry, have reached unprecedented levels, instilling fear and apprehension in the hearts of citizens across the nation. The government’s failure to prioritize the safety and security of its people is utterly unacceptable and cannot be tolerated any longer,” part of the statement read. 

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Speaking on neglect of the education sector, the students argued that the insufficient budget allocations and underfunding of tertiary institutions is a challenge to education development in the country.

“It’s germane to re-emphasise how the high cost of governance, coupled with misplaced priorities and selfish policies, further complicates the suffering of the Nigerian populace. The Great Ife Students’ Union SRC vehemently condemns these actions and calls on the government to prioritise the welfare of its citizens.

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“It is imperative that the government takes immediate and decisive action to address these pressing issues before they spiral out of control. We urge the authorities to implement practical solutions such as diversifying the economy to reduce dependency on crude oil, and reopening borders to facilitate the abundant supply of essential commodities like rice, wheat, and milk.

The closure of borders has only exacerbated our woes, resulting in a scarcity of goods and a surge in prices.

“Furthermore, the subsidy removed should be reinvested in empowering more Nigerians or increasing the minimum wage to ensure that all citizens can enjoy a decent standard of living. The Great Ife Students’ Union implores the Federal Government to heed our cry and take immediate action to address the economic crisis and insecurity plaguing our nation. Failure to do so will only lead to imminent nationwide revolution by the citizens.”