"Subsidies are about resource allocation internally within Nigeria. So Nigerians, the people of Nigeria pay for these subsidies:" So says Abebe Selassie, the Director of the IMF African Department, while speaking at the ongoing IMF and World Bank spring meetings in Washington DC, as reported by Sahara Reporters. Selassie is confidently saying gibberish!
Punch Newspapers
Sections
Published 31 January 2021
Group Managing Director/Chief Executive Officer, Vitafoam Nigeria Plc, Mr Taiwo Adeniyi, spoke to two newspapers on the performance of the company in 2020 and issues confronting the manufacturing industry;
EVEREST AMAEFULE
had a good showing in 2020; how would you describe the performance?
We never rested on our oars. We decided not to give in to the excuse of what was going on in the country.
The year was belaboured with a lot of activities that had a negative impact on the economy and businesses. It started with the COVID-19 shock.
Then, the nation was on a lockdown. Just within that same period, we had