The
Governor of Delta State, Senator Dr. Ifeanyi Okowa has disclosed that the
diversification of the economy would avail the nation with more resources for
growth and development.
Speaking
during a courtesy visit by the Post Mortem Sub-Committee of the Federal Account
Allocation Committee (FAAC) in Asaba yesterday (14-7-15), Senator Okowa
represented by his deputy, Barrister Kingsley Otuaro said that the over
reliance on the oil and gas sector could no longer sustain the economy.
Senator
Okowa explained that the State started the Delta Beyond Oil initiative to
diversify our economy because it believed that other sectors of the economy can
be developed to yield more resources for the growth and development of the
state and nation.
"As
a state, we believe that the oil and gas sector can no longer sustain our
economy that is why the State under the previous administration started the
Delta Beyond Oil initiative", Dr. Okowa said.
He
continued "We will take maximum advantage of your visit and not relent in
our bid to diversify the economy of the state. You are advocating for states to
look into the solid mineral sector and explore it since it has great potentials
of generating more revenue for the country, we will do just that."
Earlier,
the leader of the FAAC Post Mortem Sub-Committee, Mr. Afolabi Popoola opined
that they were on a working visit to different states of the federation with
solid mineral resources to educate them on the potentials of the sector.
He
disclosed that the revenue coming to the states are dwindling because of a fall
in the price of oil and gas and the committee was advocating that states should
look into the solid mineral sector as a means of diversifying their economy and
generation more revenue.
"if
we look at the solid mineral sector critically there is the need of making more
money like in the oil and gas sector, government need to venture into this
area, a lot of private sector is investing in the solid mineral sector and so
there is nothing wrong if government go into it", He said.
Comments
Post a Comment