Global News

AfDB President, Adesina reveals how Nigeria can be restructured

AfDB President, Adesina reveals how Nigeria can be restructured (Updated: Wednesday, 24th February 2021, 09:48 AM)


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.

Add a coment

Recent Posts

Ozzybee
Ozzybee
Naira Marley
Naira Marley
Mohbad
Mohbad
Timaya
Timaya
Oxlade
Oxlade
Naeto C
Naeto C
Yomi Blaze
Yomi Blaze
CDQ
CDQ
Zuchu
Zuchu
Viktoh
Viktoh
Dre San
Dre San
Sola Allyson
Sola Allyson
Papisnoop
Papisnoop
OmoAkin
OmoAkin
A-Q
A-Q
Ceeza Milli
Ceeza Milli
DJ Thunerdex
DJ Thunerdex
Danny S
Danny S
OlaDips
OlaDips
JeriQ
JeriQ
Oritse Femi
Oritse Femi
JamoPyper
JamoPyper
Dammy Krane
Dammy Krane
Sarkodie
Sarkodie
Zoro
Zoro
Otega
Otega
Philkeyz
Philkeyz
King Perry
King Perry
Brymo
Brymo
2Baba
2Baba
Duncan Mighty
Duncan Mighty
Ice Prince
Ice Prince
Deshinor
Deshinor
Small Doctor
Small Doctor
Olalakeside
Olalakeside
Aramide
Aramide
Tekno
Tekno
Dapo Tuburna
Dapo Tuburna
Victor AD
Victor AD
Danny Young
Danny Young
NAIJAKIT.COM