Cost of Living: Cleric tasks FG on effective fiscal, monetary policies

GodGift Ifunanya
4 Min Read

An Abuja-Based Islamic cleric, Imam Yahya Al-Yolawi has urged the Federal Government to come up with  effective fiscal and monetary policies to address the rising cost of living in the country.

Al-Yolawi made the call while delivering the Jumma’at sermon titled,” Prayers, Repentance and Taking Measures: Way out to High Cost of Living in Nigeria,” on Friday in Abuja.

” It is very imperative for the Federal, State and Local Governments to come up with  decisive actions to address the underlying economic challenges facing the country.

” This may include implementing sound fiscal and monetary policies to stabilise the economy, curb inflation, and promote sustainable growth. “he said.

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He also advised the government to prioritise investments in key sectors such as agriculture, infrastructure, security and healthcare, to create jobs, stimulate economic activities and improve the quality of lives in the country.

According to him ,the high cost of living  is a multifaceted problem that touches every aspect of lives.

He said  many families were finding it increasingly difficult to make ends meet.

” From the rising prices of essential goods and services to the increasing cost of housing, healthcare, and education.

” The situation is exacerbated by factors such as inflation, economic instability, and inadequate social safety nets,leaving many citizens struggling to provide for themselves and their loved ones.

” As citizens we have a responsibility to advocate  policies that prioritise the well-being of all Nigerians, especially as the month of Ramadan is fast approaching.

” We urge our leaders to address the root causes of the high cost of living and to implement concrete measures to alleviate the financial burden on ordinary citizens. “he said.

He also emphasised the need for  government to take steps to improve the efficiency and transparency of public institutions, to combat corruption and ensure that resources were used effectively for the benefit of the people.

” This may include strengthening accountability mechanisms, promoting good governance, and cracking down on waste and mismanagement in the public sector.

” Additionally, the government must prioritise social welfare programmes and safety nets to provide assistance to the most vulnerable members of society.

” This may  include expanding access to healthcare, education, and social services, and providing targeted support to low-income families and individuals.”he said.

Al-Yolawi, however, enjoined the citizens to reflect on the concept of moderation and simplicity in their lifestyles.

” Islam encourages us to live within our means, avoid extravagance and wastefulness, and prioritise our needs over our wants.

” Also, let us not underestimate the power of community and mutual support in times of need. Islam places great emphasis on the concept of brotherhood and sisterhood, and encourages us to help one another in times of difficulty.

” While the challenges of high living costs may seem daunting, let us remember that with every trial comes an opportunity for growth and renewal.

” Let us turn our hearts and minds towards a powerful and transformative tool that is available to us all: prayers (Duas). In the face of the high cost of living in Nigeria, it is easy to feel overwhelmed and helpless.

” However, we must remember that as Muslims, we have a direct line of communication with our Creator, and through prayer, we can seek guidance, mercy, and relief from our difficulties”

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