Adesina: AfDB President highlights processes to economic viability for Nigeria

Adesina: AfDB President highlights processes to economic viability for Nigeria

The President of the African Development Bank Group (AfDB), Dr. Akinwumi Adesina, has stated that the restructuring of Nigeria should be driven by economic and financial viability.

According to the AfDB President, these parameters are necessary for political viability.

Adesina stated this while delivering a public lecture in Akure, the Ondo State capital on Tuesday, February 23.

The public lecture titled ‘Toward a New Nigeria From Federal Fatherism to a Commonwealth’ was delivered virtually from the base of the African Development Bank in Abidjan, Ivory Coast.

Adesina stressed the need to diversify the source of financing for states across Nigeria, noting that Nigerians in Diaspora remitted $24 billion in 2019, which accounted for half of the crude oil exports.

The AfDB President also called for a better way of supporting states in financing critical infrastructure.

He charged states to focus on turning their resources into wealth, based on their areas of comparative advantage.

Adesina suggested that resources in each state should be managed by the States; while they pay federal taxes and royalties to the Federal Government.

Meanwhile, former Education Minister, Oby Ezekwesili, has berated suggestions by a renowned Islamic scholar, Sheikh Abubakar Gumi; as well as some northern leaders that the federal government should give a blanket amnesty to bandits and other criminal elements.

1st News had reported that in the past week, Sheikh Gumi, Bauchi State Governor, Bala Mohammed; and his Zamfara counterpart, Babagana Zulum, advocated for amnesty for criminal herdsmen who have been kidnapping Nigerians and students from their schools.

Also, during a guest appearance in a Channels Television programme, ‘Politics Today’, on Monday, February 22, Gumi said the bandits are misunderstood as they are only engaging in an ethnic battle.

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“One can, in fact, address them as militants. Their mission is not to kill. They want money having lost their sources of livelihood to cow rustlers. Where there are killings, they are mostly ethnic revenge; because one or some of their kinsmen had been killed by people of other ethnic groups.”

However, Ezekwesili described these suggestions as insensitive via a series of tweets on Tuesday, February 23.

“Something is noxiously off around here.

“What is with all this ratcheting up of choruses asking traumatized citizens to “show love and sing Kumbaya” for rebranded terrorists now called ‘bandits’ by their sympathizers?

“Please stop insulting our sensibilities. Please stop it!” Ezekwesili tweeted.

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