Editorial
Saturday, 08 June 2024 04:56
The profligacy and insensitivity of building a N21bn VP’s residence amid economic hardship
The commissioning of a N21 billion official residence for the vice president, Kashim Shettima, by President Bola Tinubu is a glaring example of government insensitivity and profligacy in the face of widespread economic hardship. At a time when the nation is grappling with a staggering poverty rate and soaring inflation, the decision to allocate such a colossal sum to an opulent project is both tone-deaf and irresponsible. According to the World Bank, Nigeria's poverty rate has surged to 46% in 2023, translating to 104 million citizens living in poverty. Compounding this dire situation, the National Bureau of Statistics (NBS) reports…
Friday, 07 June 2024 04:29
NewsScroll Editorial: FG hiding behind one finger on petrol subsidy
The news that the federal government will spend N5.4 trillion on petrol subsidies in 2024, despite previous denials, underscores the complexities and contradictions in the country’s fiscal policies. The government's acknowledgement, made during a presentation by the Minister of Finance Wale Edun, contradicts earlier statements by key officials, including President Bola Tinubu, who had declared an end to the subsidy regime during his inauguration in May 2023. This revelation marks a significant shift from the government’s previous stance on fuel subsidies. The administration had asserted that subsidies were removed to promote a deregulated market. The declarations by officials like Heineken…