Nigeria undergoing major reset after subsidy removal says Soludo

Anambra State Governor, Chukwuma Soludo, has stated that Nigeria is undergoing a fundamental and disruptive reset, following the removal of subsidies by President Bola Tinubu.

Soludo made the remark during Veritas University’s 13th convocation lecture in Abuja, on Thursday, noting the need to transition from subsidies, which largely benefitted the urban elite, to a productive social contract that creates opportunities for all.

He explained that the country has ended the harmful fuel, foreign exchange, and electricity subsidies while urging Nigerians to craft a pragmatic new deal for the country, as well as an emergency national infrastructure plan, similar to the United States Marshal Plan used to rebuild Europe after the 2nd World War.

The former CBN boss encouraged Nigerian leaders to draw inspiration from the marshal plan to implement public works projects, financial reforms, and regulatory changes that could transform the nation