Former Minister of Agriculture and President of the African
Development Bank, Dr. Akinwumi Adesina has said that Nigeria’s restructuring
should be driven by economic and financial viability.
Speaking during a Commonwealth event in Akure, Akinwumi
stated that economic and financial viability are necessary for the growth of
any country.
He also urged the government to map out a better plan on
ways to support states in financing infrastructures.
Akinwumi also stressed the need to diversify the source of
financing for states across Nigeria.
He also noted that Nigerians in Diaspora remitted $24
billion in 2019, which was used for half of crude oil exports.
The AFDB President, however, suggested that resources in
each state should be managed by the States which will in turn pay federal taxes
to the Federal Government.
“Also, I think state governments should focus on turning
their own natural resources into wealth based on their areas of modified
advantage,” he said.
Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com