Naira Fall: Yoruba Forum Raises Alarm Over Impending Job Losses

Naira-Dollar

The Yoruba Unity Forum (YUF) has raised an alarm over the dwindling economic situation in the country. It warned 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.

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.

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).

The meeting observed a minute silence in honour of Chief (Mrs) HID Awolowo, who was until her death, the Chairman of YUF and the late Ooni of Ife, Oba Okunade Sijuwade.

Archbishop Ayo Ladigbolu (retd) was elected as the new deputy chairman.

Three vice-chairmen were also elected;namely, Senator Femi Okurounmu, Ambassador Tokunbo Awolowo Dosumu while the third person is yet to be elected.

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