An Industrialist, Livinus Okwara, has said he expects the numerous policies and reforms introduced by the Bola Tinubu’s administration to work out positively and yield fruits this year.
“We expect that the different policies that the administration and the President has introduced last year will work. Tinubu’ administration means well for the economy. Though the policies might seem difficult and hard to understand.”
He commended the government’s efforts so far towards achieving the successes highlighted in his speech, reiterating concerns about the consistency of policies and the reforms currently driven by the government.
“We expect the reforms to deliver on easing the high rate of inflation, the burden of high interest rates on businesses, business shutdowns, and job losses, and the resolution of persistent challenges facing power supply, national security, and food production in our nation.”
Okwara also lamented that the plan of the Donald Trump to deport Africans may also affect the economy as the foreign exchange inflow might go down.
He therefore advised President Tinubu to meet with African heads of state and take a decision on the idea of Trump to expel Africans, adding that such move will affect the economic growth of the continent.
Okwara urged African leaders to see Trump’s move as a big challenge to Africans and call for an emergency meeting to tackle the issue.
He advised that Africa should threaten Trump to severe diplomatic relationship if America does not rescind on its plan to expel Africans from the country, noting that the threat to block diplomatic relationship with America and establish one with China, will send a serious message to European countries that have muted the idea of expelling immigrants.
“That is the only way they will be forced to retreat.
“If the decision to deport Africans in mass comes to fruition, it will affect the economy of African nations as the foreign exchange inflow will be stopped or reduced.
The CEO also lamented that the African countries don’t have the resources to accommodate the number of people who will be deported.
“African heads of state should meet and do everything possible to stop the move.
“If America succeeds in expelling all Africans, it will be too much problems for Africa.
It will reduce drastically the percentage of those who’ve been sending money to Africa.
Invariably, it will affect the economy.
The Forex from their will be cut off due to the deportation.”
He also noted that those who have legal rights to be in America will not be able to meet up with the job demands that will be relinquished by the deported Africans.
“People are already saying to Trump that America does not have the manpower to do the type of jobs these Africans do, so their leaving America will affect the Americans.
Trump does not want to hear.
“If African leaders want to force America to change its mind, they have to threaten Trump with severing the diplomatic relationship.”
He decried that these Africans went to America on their own behest, while some others went through slave trade or through other different processes, “now they want to expel everyone, not considering their contributions to the economic development of America”
He pointed out that China, Canada, Mexico have a lot of immigrants in
America. “The punishment that Trump has been giving them is by charging them higher tariffs for their imports.”
But America is expelling Africans because we don’t have high business relations with the country.”
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