The Deputy Speaker of the Rivers State House of Assembly and member representing Khana Constituency 11, Hon.Leyii Kwanee has called for fiscal federalism as a panacea to addressing the problem of lack of economic diversification and enhancement of revenue generation plaguing the nation.
Hon. Kwanee was speaking while responding to questions from newsmen on arrival in Port Harcourt from the Advocacy workshop on Economic Diversification and Enhanced Revenue Generation organized by the Revenue Mobilization Allocation and Fiscal Commission in Delta State. The Deputy Speaker said fiscal federalism would encourage states and local governments in the country to harness resources in their locality pointing out that this was the secret of the spate of development enjoyed in the 60’s.
The Deputy Speaker who represented the Speaker at the occasion, further said that the need for fiscal federalism which will lead to diversification was imperative considering the demand of the increasing population on Nigeria’s oil and gas resources.
He condemned a situation where the three tiers of government depend solely on allocation from the federation account for government business adding that such is an aberration.
He said that the state Assembly will continue to give support to the state governor, Rt. Hon. Chibuike Rotimi Amaechi through the instrumentality of legislation in order to create an enabling environment for business to grow in the state.
He added that it will also employ the oversight function in order to improve the quality of life of the people of the state.
Source: OgoniNews
JOIN OGONI ONLINE FORUM TODAY!!!
Join other Ogonis to discuss pressing environmental issues, Bori state creation, UNEP REPORT, Ogoni land grab and a whole lot of other interesting topics. You can even include your own topic for discussions. All are welcome to join the forum. Make friends with other Ogonis and join interesting groups including all the Ogoni 6 kingdoms, Bori residents, Port Harcourt residents, RIVPOLY, UNIPORT AND RSUST student groups. To join the forum, please click on the ”register” button at the top right of the homepage. Join Ogoni Online Forum today(http://forum.huraclub.org/)……………….HURAC
