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HoldCo status as tool for revenue diversification, shareholder' value creation – The Sun Nigeria

HoldCo status as tool for revenue diversification, shareholder' value creation – The Sun Nigeria
sunnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunnewsonline.com Daily Mail and Mail on Sunday newspapers.

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Analysts Back Presidential Economic Council's Call for Subsidy Removal


By James Emejo in Abuja and Nume Ekeghe in Lagos
Analysts yesterday threw their weights behind the recent recommendation by the Presidential Economic Advisory Council (PEAC) to President Muhammadu Buhari for an end to fuel subsidy.
They said in separate interviews with THISDAY that petrol subsidy removal was long overdue.
The analysts described the state of the Nigerian economy as currently weak, adding that this could be worsened by payment of subsidy claims, especially given the malpractices surrounding previous disbursements.
The analysts added that subsidy created a distortion in the economy, leading to “spurious payments or in the current situation, so-called under-recovery.” ....

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