Exploring Economic Strategies: Obasanjo Advocates for Adopting the Zimbabwean Model to Tackle Inflation

Former President Olusegun Obasanjo has offered a unique suggestion to the Federal Government of Nigeria, proposing the adoption of the Zimbabwean model to address the current challenge of escalating inflation. Speaking at a Youth Leadership Symposium themed "Opportunities for Peace: Roles of The Youths in Conflict Prevention in Africa," held at the Olusegun Obasanjo Presidential Library in Abeokuta to mark his 87th birthday, Obasanjo shared insights on economic strategies and emphasized the need for peaceful solutions to conflicts on the African continent.

Amidst Nigeria's inflation rate reaching 29.9 percent, the former president urged the government to consider learning from Zimbabwe's experience in overcoming a similar economic challenge. The symposium, organized by the Centre for Human Security and Dialogue in collaboration with the Institute for African Culture and International Understanding, facilitated a platform for Obasanjo to address critical issues affecting the nation and the continent at large.

Obasanjo encouraged the youth to prioritize peace over confrontation in addressing problems, emphasizing that peaceful solutions are imperative for Africa's growth and prosperity. He stressed the importance of shunning hatred and negative attitudes that lead to conflicts and violence, advocating for a cultural shift towards love and tolerance.

"Inculcating in the youths the ingredients of peace, which include love and fellowship, is crucial. When we have a culture of love, we will have peace," remarked Obasanjo. He drew attention to the divine attributes of kindness, mercy, and forgiveness, emphasizing their role in fostering a stable and peaceful society. By fostering a culture of love, Obasanjo believes that Africans can create an environment conducive to economic growth and societal well-being.

Highlighting examples from biblical narratives, Obasanjo referred to figures like Esther and Joseph as youthful agents of peace. Esther secured her race from extermination, while Joseph played a crucial role in alleviating famine. Drawing parallels, Obasanjo called on the youth to be at the forefront of pursuing peace and to persuade those resorting to violence and conflict that dialogue is the key to resolution.

Reflecting on Nigeria's historical challenges, particularly the civil war, Obasanjo acknowledged the devastating consequences of internal conflict. Despite the immense loss and destruction, he emphasized the resilience of the nation in coming together at the roundtable to resolve issues. This historical context serves as a reminder that peaceful dialogue is a viable solution, even in the face of severe challenges.

As Obasanjo celebrated his 87th birthday, the symposium became a platform not only to honor his contributions but also to engage in discussions that transcend age and generation. The call to adopt the Zimbabwean model for tackling inflation serves as a thought-provoking proposition, encouraging policymakers to explore diverse strategies in addressing economic challenges. The emphasis on peace, love, and dialogue aligns with a broader narrative of fostering a harmonious and prosperous Africa, driven by the collective efforts of its youth.