x

Nigeria’s Restructuring Should Be Based On Economic Viability – Adesina

The President of the African Development Bank Group, Dr. Akinwumi Adesina, has opined that the restructuring of Nigeria should be driven by economic and financial viability, which he noted are necessary for political viability.

Adesina stated this while delivering a public lecture in Akure, the Ondo State capital.

The public lecture titled ‘Toward a New Nigeria From Federal Fatherism to a Commonwealth’ was delivered virtually from the base of the African Development Bank in Abidjan, Ivory Coast.

Adesina stressed the need to diversify the source of financing for states across Nigeria, noting that Nigerians in Diaspora remitted $24 billion in 2019, which accounted for half of crude oil exports.

The AfDB President also called for a better way of supporting states in financing critical infrastructure.

He charged states to focus on turning their resources into wealth, based on their areas of comparative advantage.

Adesina suggested that resources in each state should be managed by the States, while they pay federal taxes and royalties to the Federal Government.

Hot this week

Niger Gov to Northerners: Power Will Return to North in 2031 After Tinubu

By Achadu Gabriel, Kaduna Governor Mohammed Bago of Niger State...

A’ibom committed to industrial Cluster Development

By Ogenyi Ogenyi, Uyo Akwa Ibom State government has restated...

CDHR Condemns Unending Killings Across Nigeria

By Jabiru Hassan The Committee for the Defence of Human...

Atissa Youth Council Urges NDDC to Rescue Famgbe, Obogoro from Erosion

By Amgbare Ekaunkumo, Yenagoa Two historic communities in Bayelsa State,...

Christian Pilgrims celebrate First Lady Remi Tinubu’s 65th Birthday in Jordan

By Joyce Remi-Babayeju Intending Christian pilgrims from four states, including...

Military Uncovers Illegal Arms Factory in Plateau

By Israel Adamu, Jos Troops of the 3rd Armoured Division...

Interior Minister Inspects Centralised Passport Personalisation Centre

By Francis Wilfred The Minister of Interior, Dr. Olubunmi Tunji-Ojo,...

PWDs’ Protest: Kogi Govt Condemns Demonstration at CUSTECH, Reaffirms Merit-Based Employment

By Noah Ocheni, Lokoja The Kogi State Government has condemned...

Plateau Drug Agency Visits Langtang North Over Reports of Substandard Products

By Israel Adamu, Jos The Plateau State Drugs and Medical...

Sokoto Governor Distributes 20 Motorised Boats to Riverine Communities

By Muhammad Ibrahim, Sokoto Governor Ahmed Aliyu of Sokoto State...

CDHR Condemns Unending Killings Across Nigeria

By Jabiru Hassan The Committee for the Defence of Human...

Functional Streetlights in Abuja Save $8 Billion Yearly on Repairs, Block Saboteurs — Wike

By Joyce Remi-Babayeju The FCT Minister Barr. Nysome Wike has...

Public Alert: Increased Water Release from Goronyo Dam

By Muhammad Ibrahim, Sokoto The Sokoto Rima River Basin Development...

Related Articles

Popular Categories

spot_imgspot_img