Prof. Kingsley Moghalu, former Deputy Governor of the Central Bank of Nigeria, emphasized the importance of utilizing tax revenues to support visible public goods rather than catering to elite consumption. He argued that pursuing economic growth without the establishment of robust institutions can result in societal fragility and increased inequality. Moghalu's statements were made during a recent engagement in Abuja, where he highlighted the need for a more equitable distribution of resources to foster sustainable development.
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