Mr Otedola says 'I am particularly critical of the culture of flamboyance, especially the ownership and operation of private jets.'
SPECIAL REPORT: Jigawa villagers link declining farming output, urban drift to abandonment of damSPECIAL REPORT: Katsina farmers lament impact of climate changeDangote Refinery: For love of country, beyond profit and passion, By Zainab Suleiman OkinoSPECIAL REPORT: In Northwest Nigeria, insecurity is fueling medical desertsKalgwai Fishing Festival set to boost tourism, economic growth in JigawaDangote Refinery: For love of country, beyond profit and passion, By Zainab Suleiman OkinoMr Otedola...
“This level of extravagance significantly erodes public trust in our financial institutions and diverts crucial resources away from vital areas such as operational efficiency, technological innovation, and customer service. This extraordinary gain should be redistributed to fund critical infrastructure development, education, healthcare access, and public welfare initiatives, addressing the intense pressure on public finances and alleviating the cost-of-living crisis many Nigerians face. Furthermore, the financial statements of manufacturing, telecoms, and SMEs indicate that many of these companies may not be able to pay corporate tax for at least the next two years, as they are currently showing negative equity.
Amid the progress with banking sector reforms, there is an urgent need to address entrenched issues within the Nigerian banking sector.
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