Aba News

[Aba News][bsummary]

South East

[South East Region][horlab]

Inside Aba

[Inside Aba][horlab]

Event

[Event][horlab]

Has Abia State Govt Really Done Anything Substantial to Elevate The State Economy?


Abia State Today
The 3rd edition of  'Abia Today' is finally here and it calls for interaction, between the author and the audience, as the article is full of education in our dear State - Abia.

The previous edition (2nd edition) generated a lot of buzz, you can read it here!

The host remains; Mr. Onyema Courage

Today's edition of 'Abia Today' is titled: Has Abia State Govt Really Done Anything Substantial to Elevate The State Economy?

Read below are drop your comments.
===========================================

Abia Today 3rd edition: by Onyema Courage

Title: Has Abia State Government Really Done Anything Substantial to Elevate The State Economy?


I woke up this morning with the thought of my dear country and a question remains unanswered; can Nigeria really survive without crude oil?

The country seems to be economically handicapped by the fall in global market oil price. Abia state, amongst other states, plays a major role in boosting Nigerias economy outside oil. The internally generated revenue, which excludes the monthly allocations from the government looks promising.

Aba is a major commercial hub of the state and is popularly referred to as the China of Africa due to her prowess in trade and commerce. The governor of Abia state; Dr Okezie Ikpeazu on his speech as reported by Vanguard news paper on January 12, 2017, stated that the state currently generates over 1 billion naira from its internal revenue and would increase it by 1.5 billion naira by december 2017 making it a total of 2.5 billion naira.


These figures seem dubious and could have been intended for media propaganda. Now, the question is; can Abia state really generate2.5 billion naira on a monthly basis from internal revenue?

If yes, what are the plans being put in place to make it a reality?
Just last week, Dr Okezie Ikpeazu visited China to secure a 1.5 billion dollar deal with a shoe manufacturing company as reported by his chief press secretary and e-media team.

Previous governors made promises of boosting the states economy through partnership with foreign countries and investors, these promises never materialized. The incumbent governor has made a lot of promises as regards economy boosting, though we all know that talk is cheap, but that shouldn't make us discard his promises as empty.

If the China deal was really secured, it would provide roughly 10000 jobs and will be a major step to economic breakthrough . Attracting foreign investors is good, but I believe that already existing businesses can play a major role in the 2.5 billion Naira monthly internally generated revenue if provided with proper infrastructure and government policies.

Should the government spend valuable time and resources in wooing foreign investors or should they encourage already existing ones by providing basic amenities and bringing about infrastructural development?

Please drop your comments.


No comments:

Entertainment

[entertainment][horlab]

Business

[Business][horlab]

Tech & Startup

[Technology][horlab]

Opinion

[Opinion][horlab]

Church Blog

[Church Blog][horlab]

World News

[world news][horlab]