Dotun Oladipo
FeaturedHighlightTrending Story

Harsh economy: Publisher tasks Nigerians on saving culture

50

 

 

As a panacea to the harsh economy hitting Nigerians hard, the Managing Editor/CEO, Premium Eagle Media Ltd, publishers of The Eagle Online newspaper, Dotun Oladipo, has urged Nigerians to embrace and sustain saving culture.

According to the Publisher, it is one of the strategic and shrewd approaches to making a headway in the country’s distressed economy.

Oladipo, who gave the the advice at the 2022 Annual General Meeting of a non-governmental organisation, Ikhwan Mutual Forum, in Ojokoro, Lagos, said in this period of economy downturn, cultivating saving culture, no matter how small, would impact positively on a family in the long run.

Speaking further on the theme; “Surviving the challenges of Family Upkeep, Harsh Economy and Rising Cost of Living”, Oladipo noted that for every family to survive and thrive in the harsh economy, serious attention must always be paid to daily costs with a view to whittling down expenses and maximise the benefits of every spending.

Read Also: 2023: I’m not too young or old to contest as president says Rochas Okorocha as he officially declares 

The media entrepreneur further noted that one key aspect many families underrate is bulk purchase, adding that any household item purchased in bulk, when the resources are available, would better serve the family in the nearest future as well as save cost.

The media practitioner asserted that individuals must be realistic and disciplined in their finances as he alluded that nobody can be bigger than his source of income.

Moving forward, Oladipo reasoned that to forge ahead in this hard time, Nigerians should be creative, work out better alternatives, avoid imitating others blindly as well as not being wasteful.

Also discussing the theme, an Assistant Director in the Lagos State Ministry of Information and Strategy, Alhaji Abdul Razzak Misbahudeen, said the state of the economy in the country called for families to be prudent in spending, focus on needs instead of wants, as well as prepare the family’s budget.

He advised members of the Ikhwan Mutual Forum to device collective efforts in order to ensure that individuals can conveniently cater for their needs.

Working on alternative sources of income that can take care of heavy expenses, he advised, was also a positive approach for survival in the troubled economy.

Leave a comment

Related Articles

Oil theft: 163 incidents recorded,16 suspects arrested in Niger Delta in one week

The Nigerian National Petroleum Company Ltd. (NNPC Ltd) has matched its words...

Army Chief Lagbaja visits Kaduna after military drone killed 85 villagers

The Chief of Army Staff, Lt.-Gen. Taoreed Lagbaja on Tuesday visited Kaduna...

Visa: UK introduces stringent five-point plan to reduce migration

The United Kingdom Home Secretary, Mr James Cleverly, has proposed a five-point...

Tinubu orders full-scale investigation into Kaduna village bombing

President Bola Tinubu has ordered a full- scale investigation into the bombing...

Portable meets Skepta, Tiwa Savage in UK, hints on collaboration

Street sensation, Portable, is basking in the glory of his musical journey...

Nigeria’s delegation to COP28 in Dubai is 422, not 1,411 – Information Minister

The Federal Government has clarified that its delegates to the ongoing Convention...

COP28: Kyari to world energy leaders: A just energy transition for Africa is realistic

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited...

Lagos port berths world’s largest container, “MV Great Lagos”

Lagos State Gov. Babajide Sanwo-Olu and the Minister of Marine and Blue...

Bombing of Kaduna villagers: Nigerian Army has admitted it’s an error – Kaduna Govt

The Nigerian Army has claimed responsibility for dropping a bomb on Tudun...

2024 budget will be people’s budget – Speaker Abbas

The Speaker of the House of Representatives, Mr Tajudeen Abbas, has assured...

Indisposed Ondo Gov. Akeredolu’s signature forged by aides, Ajulo, SAN alleges

A Senior Advocate of Nigeria, Mr Kayode Ajulo, has alleged that the...

Asake opens up: Love of money propels pursuit of my career

Music sensation and Grammy Award nominee, Asake, has candidly shared insights into...

NPA committed to rallying stakeholders to optimize nation’s rich blue economy – NPA boss, Bello Koko

“Coming immediately after the launch of her sister ship “Great Antwerp, the...

Pilotage contract: INTEL waives $193m interest on debt — NPA

The Nigerian Ports Authority (NPA) says INTELS Nigeria Ltd. has waived $193...

It is unfair to assume all actors are wayward – Olayode Juliana (Toyo Baby)

Actress, Juliana Olayode better known as Toyo Baby has ventured into motivational...

Tragedy! Three Oyo State monarchs die in road crash

  Oyo State has lost three traditional rulers in a single day...

NNPC Ltd’s Kyari, U.S. Sen. Kerry, Moynihan, others brainstorm on climate issues at COP28 in UAE

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited,...

Nigeria-British Chamber of Commerce inagurates Atelly as 18th President, unveils programmes

Ray Atelly has been sworn in as the 18th President of the...