BY LAW IBITOYE
Nigeria government have been advised to adopt core Islamic principles and policies to mitigate economic quagmire of the country.
Alhaji Olayiwola Qudus,
An islamic scholar from the Department of Languages and Linguistics, Bamidele Olumilua University of Science and Technology, Ikere Ekiti, Nigeria gave the advice while delivering the Ramadan lecture organised by the Nigeria Union of Journalists, NUJ, Ekiti State Council at the Union’s secretariat. Speaking on: “UNLOCKING ECONOMIC STABILITY IN NIGERIA, LEVERAGING ON ISLAMIC PRINCIPLE”.
According to speaker, despite the fact that Nigeria is blessed with numerous natural resources, it is still among the struggling nation of the world just because the right policies and principles have not been applied.
Highlighting some of the islamic principles that could bring the country out of the wood, the guest speaker mentioned ; free interest loan, zakat and sadakat which mandates the rich to pay certain percentages to the poor, mandatory debt repayment system, prudence management of public fund among others.
The scholar noted that if Nigeria continues with the current pattern, the economy may get worse.
The Islamic scholar attributed the worsening economic situation of Nigeria to; indiscipline, corruption, frugality, poor policies, ineptitude of leaders, lack of mercy for one another, greed and lack of fear of Allah among others. While calling on government at all levels to establish more industries, reduce governance expenses, embrace farming ,provide the teaming youths with job opportunities and prioritize citizens welfare among other social benefits.
