By Milcah Tanimu
Tony Elumelu, Chairman of United Bank for Africa (UBA), has urged President Bola Tinubu to prioritize security measures as a critical solution to Nigeria’s ongoing food scarcity and to boost investment in the country. Elumelu presented his recommendations during the Annual Conference of the Chartered Institute of Bankers of Nigeria (CIBN) in Abuja on Tuesday.
Elumelu emphasized that improving security is essential for safeguarding citizens, ensuring the availability of food, and fostering a favorable environment for investments and trade. He highlighted that the current levels of insecurity pose significant obstacles to farming, daily activities, and business operations.
“Insecurity has escalated into a nationwide emergency that requires swift and resolute action. Our people should be able to farm without obstacles, live peacefully, and carry out their daily activities and businesses without fear; these are the basic rights of every citizen,” Elumelu stated.
He also praised the banking sector for its pivotal role in Nigeria’s economy, noting its success in creating jobs, supporting businesses, and generating profits for shareholders.
President Tinubu, represented by his deputy Kashim Shettima, addressed the conference and emphasized the government’s commitment to economic development through capacity building and youth empowerment. The administration is focusing on training three million Nigerian youths in digital technology and essential skills, aiming to achieve a 70 percent digital literacy rate by 2027.
Discussion about this post