Akeredolu advises less reliance on oil proceeds

Akeredolu advises less reliance on oil proceeds

The Ondo State Governor, Rotimi Akeredolu, on Wednesday, October 21, stated that there is a need to ensure diversification; in order to reduce the reliance on oil proceeds; while enhancing the Internally Generated Revenue of the country.

Akeredolu noted that this is important following the current decline of revenues from the oil sector of the economy.

He stated this in his keynotes address at the ninth Chartered Institute of Taxation of Nigeria Zonal Conference; held in Akure, the state capital on Wednesday, October 20.

According to the governor, the way out of the present economic challenges is to look inward; and generate revenue aside from the one coming from the oil sector.

Akeredolu said, “Every attempt for sources of revenue by the country is a step in the right direction.

“This will break the syndrome of over-dependence on petro-naira that has subjected our fortune; as a country to the vagaries of oil prices in the oil markets.

“We must therefore find ways to reduce our over-dependence on revenue from the oil sector. It is a well-known fact that Nigeria is favoured and bountifully blessed with good people who are willing to perform their obligation if necessary machinery is put in place.”

The governor also noted that his administration had done a lot to reposition; and strengthen the relevant agencies of government responsible for IGR; especially the state internal revenue service for better performance.

Meanwhile, the Indigenous People of Biafra (IPOB) has accused Imo State Governor, Hope Uzodinma of forcefully taking hectares of land from the residents for the cattle settlement known as Ruga.

This was contained in a statement issued on Wednesday, October 20; by the IPOB Media and Publicity Secretary, Emma Powerful.

Powerful alleged that some traditional rulers including the Eze Fredick Ogechi Nwachukwu of Umuneke Ngor Okpala Local Government Area in the state are working with the governor and the Nigerian government to turn people’s ancestral lands to Ruga.

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IPOB alleged that Uzodinma is plotting to acquire 2000 hectares of land under the pretext of erecting a meat-processing factory on it.

According to IPOB, the lands the governor is trying to seize are in Izombe, Agwa, and Akabor in the Oguta local government area of Imo State.



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