Connect with us

Stop Depending On Oil, Diversify Revenue Sources, Okonjo-Iweala Urges Govs-Elect

Mee_dey0

Published

on

Follow
NAIJA NEWS: Stop Depending On Oil, Diversify Revenue Sources, Okonjo-Iweala Urges Govs-Elect [New Naija News] » Naijacrawl
Photo: Naijacrawl

The WTO boss also urged governors-elect to rebuild the trust of Nigerians through their policies and programmes.



Dr Ngozi Okonjo-Iweala advised incoming governors to stop depending on crude oil and diversify the sources of revenue in their domains.

According to her, states with over-dependence on the monthly Federation Account Allocation Committee (FAAC) would be badly hit.

We need to start preparing now for a time when our oil and gas will no longer serve us as the main diversify the sources of revenue in their domains.

According to her, states with over-dependence on the monthly Federation Account Allocation Committee (FAAC) would be badly hit.

We need to start preparing now for a time when our oil and gas will no longer serve us as the main sources of revenue. States with a heavy dependence on FAAC allocation will be particularly hit,” Okonjo-Iweala stated.

It is important that you governors start now to diversify your revenue sources. We ought to be seeking to double our growth rate and sustain that higher growth until we attain upper middle-income status.”

The WTO boss also urged the governors-elect to rebuild trust through their policies and programmes to regain the support of Nigerians.

She explained that a lot of trust has been broken following after the 2023 general elections.

“Honourable governors, let us be candid: trust in Nigeria has always been fragile but following the elections, a lot of trust has been broken.

Through your words, deeds, and policies, you need to demonstrate to Nigerians that they are equally loved. That they can settle and do business in any part of the country without fear. I love Nigeria deeply and I want to feel welcome in any part of this country,” she added.

Click Here To Comment




Continue Reading
Click to comment

Be first to comment


Leave a Reply

Your email address will not be published. Required fields are marked *

Naija News

Keke Rider Dies in Clash with Revenue Taskforce Member

Piroll

Published

on

NAIJA NEWS: Keke Rider Dies in Clash with Revenue Taskforce Member [New Naija News] » Naijacrawl
Photo: Naijacrawl
In a distressing turn of events on Wednesday, a heated altercation between a member of the revenue taskforce team and a tricycle operator over an unpaid daily levy of N400 took a tragic turn in Sapele, Delta State.The incident unfolded when the ticket boy, known as Tunde but commonly referred to as Osama, allegedly attempted to seize the key of the tricycle (Keke) operated by Augustine Williams. Eyewitnesses reported that the situation quickly escalated into a physi...
Continue Reading

Naija News

Soludo condemns violence by govt agents enforcing payment of revenue

Victorious

Published

on

NAIJA NEWS: Soludo condemns violence by govt agents enforcing payment of revenue [New Naija News] » Naijacrawl
Photo: Naijacrawl
Chukwuma Soludo, the governor of Anambra State, has denounced the behavior of some revenue agents who attacked motorists in the state with violence.A video that is going viral on social media shows revenue agents beating up a driver under the pretense that he owed the state N37,000 in revenue before dispossessing him of his car and speeding off with it.Through his press secretary, Christian Aburime, who also signed a statement to that effect, Soludo denounced the re...
Continue Reading

Naija News

FG mulls review of N6trn annual tax waivers to increase revenue

Victorious

Published

on

NAIJA NEWS: FG mulls review of N6trn annual tax waivers to increase revenue [New Naija News] » Naijacrawl
Photo: Naijacrawl
The federal government would review its tax waivers, which totaled N6 trillion, according to Taiwo Oyedele, the Chairman of the Presidential Tax Reform Committee.When Wale Edun, the Minister of Finance and Coordinating Minister for the Economy, unveiled the eight-point agenda of the Bola Ahmed Tinubu-led government's rekindled hopes on Friday in Abuja, Oyedele revealed this.According to him, the move aligns with the committee’s mandate to revamp Nigeria’s tax sector...
Continue Reading

Latest


Download Naijacrawl App today

Fastest way to read on the go

Download the Naijacrawl App.