Former Minister of Agriculture and President of the African Growth Financial institution, Dr. Akinwumi Adesina has mentioned that Nigeria’s restructuring ought to be pushed by financial and monetary viability.
Talking throughout a Commonwealth occasion in Akure, Akinwumi said that financial and monetary viability are obligatory for the expansion of any nation.
He additionally urged the federal government to map out a greater plan on methods to assist states in financing infrastructures.
Akinwumi additionally careworn the necessity to diversify the supply of financing for states throughout Nigeria.
He additionally famous that Nigerians in Diaspora remitted $24 billion in 2019, which was used for half of crude oil exports.
The AFDB President, nevertheless, urged that sources in every state ought to be managed by the States which is able to in flip pay federal taxes to the Federal Authorities.
“Additionally, I believe state governments ought to deal with turning their very own pure sources into wealth primarily based on their areas of modified benefit,” he mentioned.
AfDB President, Adesina reveals how Nigeria might be restructured