Business Business & Society Energy Featured Human Rersources Industry & Commerce Petrochemicals

Use subsidy palliative loan on refineries instead of households, Cleric urges govt

Use subsidy palliative loan on refineries instead of households, Cleric urges govt

The Cathedral Presbyter and Administrator, Methodist Cathedral Church, Aba, Very Rev Henry Anozie, says government should use the recent World Bank subsidy palliative loan to revamp refineries instead of sharing it.

Anozie, who spoke in Aba, Abia, said that revamping refineries will create substantial economic effects that will improve household economy more than sharing the fund would.

He argued that since transportation controls much economic activities in Nigeria, reviving the refineries and reducing the cost of fuel will be more helpful to households than “dashing” them money.

Anozie said that sharing the money to few households will not reduce poverty in the manner that using the loan to make refineries work again would.

“It appears that when our people enter into leadership positions, the devil turns their brains upside down.

“If you continue giving people money to go and eat without them working, the money will soon finish and the person will remain the same and return to his beggarly status.

“I think the plan to share the money will not help much. It is a misplaced priority.

“The government should rather revamp the refineries and through it, engage people in meaningful ventures that will have a chain effect in our economy.

“The government should get people employed because when you get people employed they will fend for themselves and also enjoy the self-esteem of working and earning the money.

“You don’t dash people money to feed. How long can that kind of gesture be sustained,” he queried.

He regretted that the country is becoming a “perpetual debtor” to other nations because the leaders are not placing priorities right.

Anozie said that loans are not meant for feeding people but for developing reliable infrastructure that would sustain the population’s productive endeavours.

He urged the country’s leadership to steer clear of neo-colonialist interests abroad which he said has the tendency to set the country’s progress backwards.

Related posts

Bauchi:Disengaged PHCN workers appeal to FG to pay their entitlements

Defence minister inaugurates flood control projects in Niger

Editor

Ishaku tasks Northeast governors on Mambilla power project

Shile GIWA

Lagos Speaker lauds LASUBEB for positive impact on education sector

AbisolaTHOMPSON

Highly Indebted States: Lagos Debt Hits N1.043trn in 2018- Investigation

By Abisola THOMPSON

Duke urges sustainable resolution of minimum wage crisis

Editor