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National Tribune

Flagging The Conscience Of Truth

Edo State Governor Highlights Federal Government’s Impact on Nigeria’s Economy

ByWeb Manager

Aug 18, 2023

Governor Godwin Obaseki of Edo state has drawn attention to a pressing crisis within Nigeria’s economy, attributing it to actions taken by the federal government. Speaking at a workshop in Benin focused on the implementation of the state’s new Land Use Charge Law, Obaseki urged residents to proactively contribute to the state’s development in light of the prevailing economic challenges.

During the event, Obaseki emphasized that Nigeria’s economy is grappling with a significant crisis. He expressed the view that the nation cannot afford to remain passive while awaiting assistance that may not be forthcoming. In response, he advocated for a self-help approach, urging citizens to actively participate in their state’s progress.

Governor Obaseki’s remarks come against a backdrop of transformative reforms initiated by President Bola Tinubu. These reforms, including the removal of petroleum subsidies and the liberalization of forex exchange, have triggered notable price hikes in goods and services across Nigeria. The resultant high inflation rate and economic strain have fueled widespread concerns throughout the country.

The Edo State Governor, Mr. Obaseki said the state government has resorted to “taking care of those who can’t feed themselves” in the state.

“From our revenue, we have decided to take money from our Internally Generated Revenue to look after those that can’t feed – the poorest of the poor. We are doing our best as an administration to make things easy in Edo State for our citizens who have trust in this government,” the governor said.

“If we are a truly thriving country, states will survive on their own, without relying on Abuja. Whether they give us or not, we would survive as a state. We have been surviving before now. Our administration is transparent and accountable, that is why the World Bank trusts us.”

Workers’ unions have kicked against the Nigerian government’s reforms, while Mr. Tinubu has continued to appeal for understanding and calm, arguing that his actions are for the good of the country.

The federal government on Thursday announced N5 billion palliative to each of the 36 states to cushion the effect of the removal of petrol subsidy.

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