The Aare Onakakanfo of Yorubaland, Iba Gani Adams, has said Nigeria is being set up fr a dangerous tailspin due to the insecurity and bad economy in the country.

He lamented the scarcity of foreign exchange, adding that the poor value of the Naira was bleeding the country dry.

Adams spoke while addressing newsmen after attending the 2022 edition of Osun Osogbo international festival in Osun State.

He said, “It is obvious that President Muhammadu Buhari is too aloof to have a full grasp of the enormity and complexity of the security and socio-economic challenges bedevilling Nigeria.

“It is genuinely difficult to fix the Nigerian economy with the present approach.

“There is no guarantee that this economic slide can last beyond next year, unless the Federal Government embark on holistic economic reforms.

“The Federal Government must change the regulatory mechanism in order to stop the never- ending security scourge.

“The Federal Government should resolve the security and economic challenges with pragmatic reform to save the economy and tackle forex scarcity”