Afrocover
  • Home
  • News
  • Politics & Policies
  • Africa-Wide
  • Opinions
  • Exclusive
  • About Us
    • Contact Us
No Result
View All Result
Afrocover
  • Home
  • News
  • Politics & Policies
  • Africa-Wide
  • Opinions
  • Exclusive
  • About Us
    • Contact Us
No Result
View All Result
Afrocover
No Result
View All Result

Soludo calls for subsidy removal, questions FG, CBN

By David Idowu

June 15, 2022
in News
0
Soludo calls for subsidy removal, questions FG, CBN
Share on FacebookShare on TwitterShare on Whatsapp

The Governor of Anambra State, Prof Chukwuma Soludo has called on the Federal Government to shun fuel subsidy in the country. Soludo argued that the subsidy on fuel should be the sole responsibility of the FG and not the state government.

He went on to question the decision to retain subsidy on petroleum and still make state governments pay for it. Soludo insisted that failure to remove it will further spell doom for the country.

Furthermore, The Governor stated that subsidy removal should have been long done before now. He said the refusal to remove it will continue to purge money from the Central Bank of Nigeria.

Also, Soludo addressed the launching of the Nigeria Development Update (NDU) by the World Bank. Speaking at the launching ceremony, he opined that the remedy to the country’s crisis is not beyond its reach.

He concluded that there are numerous options for the FG to explore towards restoring the glory of Nigeria. However, Soludo revealed that what has been holding the progress so far is a lack of commitment.

Related Posts

Afrocover launches monthly essay competition to encourage critical thinking among African youth
News

Afrocover launches monthly essay competition to encourage critical thinking among African youth

In a bid to support the next generation of African writers, Afrocover, a fast-raising media outlet, has launched the...

by Editor
June 1, 2025
FG promises more youth empowerment initiatives
News

FG promises more youth empowerment initiatives

The Federal Government has promised to introduce more youth empowerment initiatives to drive national development.  The Director-General of the...

by Editor
May 30, 2025
Coleman MD reveals Nigeria is attractive to foreign investors
News

Coleman MD reveals Nigeria is attractive to foreign investors

  The Managing Director of Coleman Wires, George Onafowokan, announces plans by foreign investors to invest in the country....

by Editor
May 30, 2025
Deaf students plead with Oyo government: “Don’t take away our land”
News

Deaf students plead with Oyo government: “Don’t take away our land”

Students of the Christian Mission School for the Deaf, located in Ibadan, Oyo State, have made a heartfelt appeal...

by Rasheed Aladejana
May 29, 2025
Next Post
Lovers make resurrection claims after suicide attempt in Lagos

Lovers make resurrection claims after suicide attempt in Lagos

Leave a Reply

Your email address will not be published. Required fields are marked *

Afrocover news

The Afrocover team is a group of media enthusiasts that are committed to illuminate information fairness and objective media coverage across Africa. We also cover the depth of African Politics, History, Culture, Entertainment, and the Economy as the case may be.

© 2025 Afrocover – All right reserved

Subscribe To Our Newsletter

Loading
Facebook Twitter
No Result
View All Result
  • Home
  • News
  • Politics & Policies
  • Africa-Wide
  • Opinions
  • Exclusive
  • About Us
    • Contact Us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.