Popular cleric and political commentator, Primate Elijah Ayodele, has issued a fresh warning to President Bola Tinubu’s administration, cautioning against what he described as excessive monetary intervention in efforts to stabilize the economy.
In a recent message, Ayodele warned that any attempt to rely heavily on printing additional money as a solution to Nigeria’s economic challenges could worsen existing conditions rather than improve them.
According to him, such a move could trigger deeper economic instability, stressing that “the economy will expose everything” if not properly managed with discipline and transparency.
He advised the government to focus instead on productive economic policies that strengthen local production, stabilize inflation, and restore confidence in the financial system; He emphasized that sustainable growth cannot be achieved through short-term financial fixes.
Ayodele further urged policymakers to prioritize fiscal responsibility and avoid decisions that may provide temporary relief but create long-term economic pressure; He maintained that Nigeria’s economic recovery depends on structural reforms rather than expansionary monetary practices alone.