Vice President Yemi Osinbajo has challenged states in Nigeria to explore ways of increasing their internal revenue generation and boosting their agricultural production. He urged states to do more to harness the entrepreneurial spirit of Nigerians.
The vice president stated this while delivering the keynote address at the 18th Meeting of the Joint Planning Board (JPB) and National Council on Development Planning (NCDP), in Asaba.
He said, “states must engage in careful and well-thought-out strategic planning in order to articulate and implement priorities derived from strategic thinking based on comparative advantages.”
According to Osinbajo, the event themed, 'State Fiscal Sustainability and Economic Diversification in Nigeria', reflected the common commitment of the federal and state governments to work together in planning the economic future of Nigeria and its people.
“Our ultimate purpose is to create jobs and growth and as key economic managers in the context of Nigeria’s fiscal federalism, it is
essential that we work collaboratively and in tandem. I am optimistic that the deliberations of this council will contribute to achieving these noble objectives, which will lead us closer to lifting the 100 million people that the president has promised that we will lift out.of poverty in the next 10 years,” he said.
He added, “I propose three things for the consideration of this august body as a means of increasing production and generating the revenues at the state level. First, I would urge that states engage in careful and well- thought out strategic planning in order to articulate and
implement priorities derived from strategic thinking and based on comparative advantages.
“Second, there is great scope for boosting agricultural production if States choose two to three high-value crops/products to specialize in. Such specialization will enable economies of scale in the provision of support across the entire value chain of prepared land, seeds, fertilizers, and pesticides, storage, processing and transportation, marketing and sales. This also implies organizing the agro-allied value chain from farm to table.
“In a similar vein, states must take advantage of the entrepreneurial spirit of Nigerians by empowering economic clusters and trade groups through the provision of basic infrastructure and shared facilities.”
Copy the link below and Share with your Friends:
About BlogindoorBlogindoor.com Is A Top Tech Blog That Provides Free And Cheap Browsing Cheats On Mtn, Etisalat, 9mobile, Glo And Airtel, Latest Phone And PC Updates, Tweaking Guides And Tech News.
No comments:
Post a Comment