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Remove, convert subsidy money to other SIPs, FSDH tells FG

Remove, convert subsidy money  to other SIPs, FSDH tells FG - the fsdh, the federal government, the federal, subsidy, remove, money

Peace Obi

Merchant Bank has advised Government to petroleum and channel the into some other social intervention programmes of the government that had direct impacts on the poor, considering the government’s low revenue.

This was contained in the Bank’s monthly economic and financial markets outlook titled, ‘Economy in need of boosters: Priorities for a second term’.

The Bank said it is important for Government to appoint members of the cabinet with their respective portfolios in the month of June. Stating it would enable the present administration to start the implementation of the next level growth, and development agenda of Government of Nigeria.

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It stated, “We also recommend an adjustment to the electricity tariff in order to drive investments into this critical sector of the economy.

“This will also accelerate the growth of small and medium scale businesses in the country that are handicapped because of epileptic power supply and the high cost of running on a generator and other more expensive sources of power.”

said there must be deliberate efforts and strategies to improve the quality of education and health care delivery in Nigeria.

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