The Yoruba Unity Forum has raised an alarm over the dwindling economic situation in the country, warning that millions of jobs might be lost this year if the free – fall of the Naira and the attendant rising inflation in the country are not checked urgently.
The YUF, however, urged President Muhammadu Buhari to put measures in place to arrest the situation and also restore investors’ confidence, noting that year 2016 would particularly be challenging to Nigeria and the citizens . YUF’s new Chairman, Rev. Emmanuel Gbonigi, stated this yesterday, in his address at the general meeting of the group held at Efunyela Hall in the Ikenne, Ogun state, home of late Chief Obafemi Awolowo. According to him, the textile industries if revived are capable of not only restoring jobs lost in past decades but also add tens of billions of naira to the National Gross Domestic Product(GDP).