States doing little to attract investment, says expert | The Guardian Nigeria News - Nigeria and World News

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 94%

Business News News

Business Business Latest News,Business Business Headlines

Chief Executive Officer, Economic Associates, Mr. Ayo Teriba has said governors are doing little to drive-in investment into their states.

Speaking at the January 2021 Centre for International Advanced and Professional Studies Roundtable themed, ‘Fiscal Transparency Accountability and Sustainability of Nigerian States’, Teriba stated that too little is being done by states to generate investments, noting that no Nigerian state has a portal dedicated to attracting and guiding investors.According to him, every state in Nigeria has the potential to be viable, but must have the right leadership that can identify how to generate wealth.

While Teriba was the lead discussant at the roundtable, other discussants at the event included Executive Director, Businessnewscorp, Phillip Isakpaa and Editor-In-Chief, The Point Newspaper, Yemi Kolapo. CIAPS Director, Anthony Kila, chaired the event. He called for more engagement with state governments to ensure they leverage on such patronage and cooperation.

Kolapo said performance conditioned grant is good. Kila charged the media and other observers to start providing information on states doing well or otherwise, in terms of economic management and fiscal responsibility.Recall that the Federal Government, in early January, disbursed N123.34b performance-based grant to eligible states under theThe Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, had announced that Sokoto State received the highest amount of N6.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Not Kaduna and Lagos. They are doing great

Actually don't care Sha but I want to be the first to comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nigeria to compete in $20.6b methanol market | The Guardian Nigeria News - Nigeria and World NewsYears after wasting huge amount on the importation of methanol, the Federal Government has disclosed its intention to compete in the global methanol market with a new investment.
Source: GuardianNigeria - 🏆 1. / 94 Read more »