Nigeria’s Economic Recovery: Jonathan Expresses Optimism

Former President Goodluck Jonathan has expressed optimism that Nigeria will soon overcome the current socio-economic challenges facing it. He added that the Federal Government is doing its best to salvage the situation.

While declaring open the Nigerian Bar Association, Yenagoa Branch Law Week 2024, he stated that the present economic hardship is not limited to the legal profession but affects all professions and sectors, including the high and low. He, therefore, called for collaborative efforts in finding solutions to the present economic hardship.

He reminded his audience that socio-economic uncertainty is not a new phenomenon in human history, citing the economic hardship that followed the First World War and the economic depression of 1929/30, from which Nigeria was not exempted.

He also recalled the economic challenges of 1984-1987 under the General Ibrahim Badamasi Babagida administration, which led the Federal Government to introduce an economic recovery programme called the Structural Adjustment Programme (SAP).

Between 2016 and 2019, the whole world went through another economic recession. Nigeria was also affected, but the country was fortunate to get out of the recession in a few years.

The Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, also expressed optimism that Nigeria would overcome the present economic challenges.