Federal government has been urged to as a matter of urgency invest heavily in infrastructure, power and the provision of Buses at subsidised rates for distribution at subnational levels, especially to states across the country, with the view to reduce the prevailing hardship confronting Nigerians due to the recent fuel subsidy removal.
Muhammad Akaro Mainoma, who is a Professor of Accounting and Finance at the Federal University of Technology, Minna and Vice Chancellor, Prime University Abuja, gave the advice on Thursday, while speaking with journalists on the sidelines of the 2nd Annual Lecture of Bursary department at the Gidan Kwano Main Campus of the University in Minna.
ProfMainoma however warned that the way the federal government was going by way of giving subsidy to Nigerians in the form of bags of rice, sugar, and money will never solve the problem of poverty in parts of the country, adding that it will further aggravate or worsen the situation.
According to him, if the federal government listened to the suggestions provided, it would improve production, thereby reducing the hyperinflation or the cost of economy of scale in the country. He added that Nigerians will be engaged productively to increase their income which he said, would automatically increase the power of foreign currency and reduce cost of the commodity.
On corruption, Prof. Muhammad Mainoma also wants the federal government to adopt a stringent measure that will enable it pursue the problem from the pọint of not allowing it to occur, instead of chasing shadows trying to recover the looted funds that have been stolen which it may be difficult to recover.
Also, in his opening remarks, the Vice Chancellor Federal University of Technology, Minna, Prof Faruk Adamu Kuta, represented by the Deputy Vice Chancellor Administration, Prof Uno Uno, explained that the theme of this year’s lecture, ‘Effective Fund Management for Sustainable Nigerian University system’ delivered by a former ANAN President, Prof Muhammad Mainoma was not accidental as the guest lecturer has experience in the administration of both private and public sectors in Nigeria.
Meanwhile, in her remarks, the Bursar FUT Minna, Mrs Hadiza Goje, who described the topic as apt and timely, noted that it will put them in a vantaged position and equip them with the necessary strategies on how to effectively manage the limited resources for the sustainability of university system in Nigeria.
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