Government Finances
Anambra election: PDP female aspirant urges electorate to shun inducement
A female aspirant in the Nov. 6 governorship in Anambra, Mrs Chidi Onyemelukwe, has urged the electorate to guard against monetary inducement in making their choice of candidates. Onyemelukwe who is aspiring for the ticket of the Peoples Democratic Party (PDP) for the race, made the call at a news conference in Awka on Monday. She said voting for the right candidate without inducement would make them demand the full dividends of from the people they had voted into power and hold them accountable. According to her, she is not intimidated by the number of aspirants and “money bags” in the race. The aspirant said that she had what it took to get the PDP ticket, win the and put Anambra on the part of economic prosperity and ensure higher degree of welfare for the citizens. Onyemelukwe, however...
Petrol price hike a move to end subsidy regime – expert
AHA Taxis Nigeria’s first professor of the Capital Market and former Imo State Finance Commissioner, Prof Uche Uwaleke, on Wednesday described the hike in petrol price from N123.50k/litre to a price band of N140.80 to N143.80 as an indication that the Federal Government was ready to gradually exit the fuel subsidy regime. The Petroleum Products Pricing and Regulatory Agency (PPPRA), in a memo to oil marketers on Wednesday, said that the upward review of petrol price stemmed from existing market realities which were taken into consideration before the new pump price was released. Prof Uwaleke told newsmen that exiting the subsidy regime was necessary in view of plummeting government revenue and the pressure on government finances occasioned by COVID-19. ‘Fortunately for the Nigerian economy...
