Recession: Kwara traditional ruler urges FG to plug leakages

Date: 2017-04-28

As part of the measures towards ensuring economic revival for the country, Oba Dr David Oyerinola, the Elerin of Adanla Kingdom, Kwara state, has enjoined the Federal Government to plug all leakages associated with the agriculture value chain and monitor the implementation of funds disbursement in that sector in order to realise its full potentials.

Oba Oyerinola, who is also a lecturer in the Department of Economics, University of Ilorin, stated this in an interview with journalists.

The monarch said that recession was a global phenomenon, pointing out that a mono product based economy like that of Nigeria would always be susceptible to economic recession due to the fluctuation in global oil market prices.

Dr. Oyerinola pointed out in order to get out of its current recession, Nigeria must embrace diversification through the development of its agricultural potentials as well as its mineral resources.

"We are endowed with arable land that can grow 90 per cent of the food stuff that we are importing into this country; if the government is well committed and those in government monitor the disbursement of funds to agriculture, there is no reason, with the Basins that we have- the FADAMA etc, there is no reason this country should be importing rice.

"What the government needs to do is to be more committed. Commitment is what is needed, not lip service. It is not that they are not budgeting for agriculture, but this money allocated is going into wrong hands", he said.

The don noted that "the ongoing anti-corruption campaign is good but it needs to be monitored to the grassroots because we are talking about implementation. It is not the issue of budgeting but implementation; the people that are taking agric loan, are they really investing it? If they are, what happens to the harvest? Is it being retained in the country or some people are smuggling it out? All of these we need to monitor and you have to look at Nigerian borders- very porous.

They are smuggling rice that is grown with taxpayers money out of this country to neighbouring West African countries; you know the resultant effect of that- the government has released money, the investment has been carried out but there is nothing to show for it."

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Igbaja     Hameed Oladipupo Ali     Rasheed Jimoh     Omotosho     Usman Rifun     Kayode Issa     Mashood Dauda     Isiaka Gold     Florence Saraki     Emir Of Lafiagi     COVID     Oladimeji Thompson     Oyeyemi Olasumbo Florence     Peter Obi     ITP     Sheriff Olanrewaju     Ejidongari     Offa Grammer School     Mutawali Of Ilorin     Clara Nwachukwu     S.O. Opowoye     Yoruba     Rebecca Olanrewaju     Dan Masanin     Oba Abdulkadir La\'aro     Abdulrazaq Sanni     Abdulkadir Orire     Taofik Abdulkareem Babaita     Muhammed Abdullahi     Ganmo Electricity Sub-Station     Ilesha-Gwanara     Abdulkadri Ahmad Alaiye     Suraj Tunji Oyewale     Unilorin FM     Stephen Fasakin     Hajj     Sunday Otokiti     Mohammed Abdulahi     Bayo Ojo     Offa Metropolitan Club     KWASSIP     Awwal Jawondo     Federal Road Maintenance Agency     Ilorin West     Labour Party     Akom Construction And Engineering Synergy Ltd     Adebayo Salami     Adeleke Ogungbe     Ishola Abdullahi     Ilorin Muslim Community     Babatunde Ajeigbe     Ifelodun     Forgo Battery Company Limited     Minimum Wage     Yusuf Lanre Badmas     Sulu Babaita Isiaka     Abdulwaheed Musa     Abdulraheem Olesin     CCB     Special Adviser On Digital Innovation     Yemi Sanni     Abdulkarim Adisa     Onikijipa     CACOVID     Rebecca Bake     Saheed Popoola     Yakubu Gobir     Owu Fall     Abubakar Olusola Saraki     Raliat Islamic Foundation     Nigerian Army     Manzuma     Kwara Teaching Service Commission     Osi     Saka Aleshinloye     Tsaragi-Share     Agor    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

John Dara     Ayotunde Emmanuel Alao     Abdullahi Saadudeen Alikinla     Durbar Festival     3MTT     Al-Hikmah Radio     Issa Memunat Moyosore     Adisa Logun     Seni Saraki     Tope Daramola     Zainab Abass     Abdulmumini Jawondo     Imodoye Writer’s Enclave     Bolaji Nagode     Mopelola Abdulmaliq-Bashir     Ilorin Durbar     Henry Olaosebikan     Khairat Gwadabe     Afolabi-Oshatimehin Adenike Harriet     Valsolar     Toyosi Thomas     Quarry Royal Valley     Shola Odetundun     Patigi Regatta     Ramat Oganija     Rafiu Ajakaye     Bamikole Omishore     Modupe Oluwole     Alaro     Dar-Al-Handasah Consultants Ltd     Trader Moni     Kwarareports     Umar Danladi Shero     Hassan Abdulazeez Elewu     Centre For Community Empowerment And Poverty Eradication     AbdulHamid Adi     Jimoh Olusola Imam     Senate     KWASSIP     Aliyu Sabi     Olayinka Are     SAPZ Project     Agor     Royal FM     AbdulRahman Saad     Mazars Consulting     Ramadan     Waheed Ibrahim     Trade Lenda SME Fair     CLAY POT     Shururat Olatinwo     Idowu Aremu     Garba Idris Ajia     Kayode Ishola     Saadu Yusuf     Mutawalle     Simeon Sule Ajibola     Joseph Yemi Ajayi     Kwara South     Abubakar Bature Sulu-Gambari     GGDSS Pakata     07039448763     Adewuyi Funmilayo     Jimoh Saadudeen Muhammed     Isiaka Saka Opobiyi     Aliyu Umar     Balogin Alanamu     United Nigeria Congress Party     Taibat Ayinke Ahmed     James Kolo     Baba Issa Awoye     Razak Atunwa     Victor Gbenga Yusuf     Saraki     Kayode Oyin-Zubair     Saidu Yaro Musa     Obuh