Why Nigeria Is Undergoing Disruptive Reset Caused By Subsidy Removal -Soludo

Cat:

Related stories

Tinubu Departs Saint Lucia, Heads to Brazil for BRICS Summit

By Abiola Olawale President Bola Ahmed Tinubu departed Saint Lucia...

2027: Drama, Intrigues as Julius Abure Tells Otti to Quit Labour Party

By Abiola Olawale In a dramatic turn of events, Barrister...

FG Secures $100m for Lagos-Calabar Project from ECOWAS Bank

By Abiola Olawale The Nigerian government has reportedly secured a...

Ex- Arsenal Star Thomas Partey Faces Rape, Sexual Assault Charges in UK

By Abiola Olawale The Metropolitan Police have formally charged former...

Edwin Cortes: Prefers Being A Small Puerto Rican Than Big American

By Owei Lakemfa To be a citizen of the United...
  • Kukah Lampoons Leaders

By Kolawole Ojebisi

The Governor of Anambra State, Prof. Charles Soludo, has expressed confidence in the reforms of the Tinubu administration, saying Nigeria is undergoing a reset caused by fuel subsidy removal.

The Anambra State governor described what the country is undergoing as a “fundamental and disruptive reset” which he added is a result of the removal of subsidies by the current administration.

He stated this while delivering the 13th Convocation lecture of Veritas University, Abuja, tagged, “Let us Make a New Deal for Nigeria,’’ on Thursday.

He said: “Hopefully, we have ended the debilitating scam called fuel subsidy as well as the forex and electricity subsidies. We have entered a ‘muddling-through’ phase which we must navigate carefully.

“As we muddle through the shocks occasioned by the needed disruptive changes, we must sit and craft a pragmatic new deal for Nigeria plus an emergency national infrastructure plan akin to the US Marshall Plan for Europe after the Second World War.”

The Anambra state governor said the government must migrate from the destructive subsidies that benefitted largely the urban elite to a productive social contract that create opportunity for all.

The convocation lecturer said the current situation in Nigeria is not an issue of destiny, and urged everyone including the graduating students to do something about it.

Meanwhile, the pro-chancellor and chairman of the governing council of the varsity, Most Rev Dr Matthew Kukah, expressed concern with what he called “the ways uneducated persons hold the country hostage as a result of banditry activities”.

Kukah explained that the consequence of this is that people no longer feel safe in their country while stressing the need to clear the circle for the sake of the younger generations.

The New Diplomat
The New Diplomathttps://newdiplomatng.com/
At The New Diplomat, we stand for ethical journalism, press freedom, accountable Republic, and gender equity. That is why at The New Diplomat, we are committed to speaking truth to power, fostering a robust community of responsible journalism, and using high-quality polls, data, and surveys to engage the public with compelling narratives about political, business, socio-economic, environmental, and situational dynamics in Nigeria, Africa, and globally.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

NDN
Latest News
Tinubu Departs Saint Lucia, Heads to Brazil for BRICS Summit2027: Drama, Intrigues as Julius Abure Tells Otti to Quit Labour PartyFG Secures $100m for Lagos-Calabar Project from ECOWAS BankEx- Arsenal Star Thomas Partey Faces Rape, Sexual Assault Charges in UKEdwin Cortes: Prefers Being A Small Puerto Rican Than Big AmericanJune 12 And The International Pursuit of Justice For Abiola, By Femi FalanaBreaking Down the West’s $146 Billion 2024 Defence Technology InvestmentG7 vs. the World: GDP, Population, and Military StrengthUS drillers cut oil and gas rigs for 10th week in a row, Baker Hughes saysExclusive! Tinubu Tips Late Ajimobi's Wife, Florence, Others for Ambassadorial PostsTinubu Mourns, Pays Tribute to Legendary Super Eagles Goalkeeper Peter RufaiNatasha vs Akpabio: Court Orders Senate President To Recall Senator NatashaHadi Sirika Denies Defection to ADC Coalition Rumors, Reaffirms Loyalty to Buhari, APCChina Snubs U.S. Crude for Third Month, Even as Ethane Trade RestartsHow Super Eagles Icon Peter Rufai passed Away at 61
X whatsapp