The Vice Chancellor of the African School of Economics, Abuja, Prof. Mahfouz Adedimeji, has urged Nigerians, particularly the youth, to embark on measures that can assist them to head off poverty and the cruel financial system scenario.
Prof. Adedimeji gave this perception in his lecture, “Overcoming Economic Crisis and Multidimensional Poverty: Exploring Pathways to Prosperity”, delivered on the October version of the lecture sequence organised by the University of Ilorin Muslim Graduates Association (UNILOMGA) on Sunday October 26, 2025 in commemoration of the fiftieth anniversary of the college.
According to the Vice Chancellor, it has been established from the start of time and documented by Plato that the first wants of human beings are meals, clothes and shelter, all of that are financial.
He famous that if the essential financial wants have been met, many challenges going through tens of millions of individuals could be overcome, including that this philosophy accounted for the infusion of financial literacy as a cornerstone of the coaching of scholars at ASE, the Pan-African University of Excellence, no matter their disciplines. The VC described the method as novel to college schooling.
While explaining multidimensional poverty as the kind of lack characterised by absence of schooling, poor well being, insufficient dwelling requirements and lack of entry to primary companies, Prof. Adedimeji stated that escaping poverty for people required capability growth by way of schooling, manufacturing of marketable merchandise and acquisition of expertise that generate earnings or rendering payable companies.
The don, who’s a chartered world encyclopedist and Fellow of the Corporate Administration of Nigeria, additionally burdened that minimising expenditure and maximising earnings are two time-tested methods of dealing with a crisis-prone financial system whereas encouraging younger folks to domesticate the behavior of volunteering as a result of it’s a part of gaining expertise and attracting future alternatives.
Prof. Adedimeji submitted that the reforms by the Federal Government underneath President Bola Ahmed Tinubu have been displaying optimistic indicators as the worth of Naira steadily elevated towards foreign currency echange whereas the actual GDP had risen from 3.0% that it was in 2024 to 4.23% now.
The pathway to prosperity for Nigeria, in accordance to him, lies in diversifying the financial system, schooling and expertise growth, healthcare enchancment, social security nets, infrastructure growth in addition to good governance and accountability. He additionally urged Nigerians to embrace work ethics, and have religion, belief, persistence and hope.
Highlights of the programme included the questions and solutions session the place actual life points in Nigeria have been raised and actionable concepts have been shared by the Vice Chancellor on changing challenges to alternatives.
UPDATE NEWS:
Nigerians can now make investments ₦2.5 million on premium domains and revenue about ₦17-₦25 million. All earnings paid in US Dollars. Rather than surprise,
click here to find out how it works.
