Ogun Govt Unfolds Plan To Be Nigeria's Most Economically-Viable State - EDU-BIZNEWS


Monday, January 22, 2024

Ogun Govt Unfolds Plan To Be Nigeria's Most Economically-Viable State

Ogun State Government has unfolded its plan to be most economically viable state in Nigeria, expressing readiness to open up its various Economic Development Clusters to stimulate economic activities in the state

Chief Economic Adviser and Commissioner for Finance, Mr. Dapo Okubadejo made this known on Monday while giving an overview of the state’s fiscal policy during the year 2024 Budget Breakdown Media parley at the Olusegun Osoba Press Centre in Oke-Mosan in Abeokuta, the State capital 

"Our target as a government is to be the most economically viable state. We are set to open up our Economic Development Clusters with significant economic activities; we needed to have a master plan, be careful with debt and continue to be very strategic in our collective effort to develop the state to an enviable height among its peers", he revealed

Okubadejo  added  that the present administration had been deliberate in dealing with serious economic challenges, such as high inflation, insecurity, dearth of infrastructure, among others.

The Chief Economic Adviser pointed out that the administration was leveraging on the state's Comparative Advantage, adding that the present administration was aware of reducing bottlenecks associated with cost of production through the creation of efficient Logistics, creation of Knowledge and Innovation Hubs, while optimising the advantage of being the state with the highest public and private institutions.

Also speaking, the State Commissioner for Budget and Planning, Mr. Olaolu Olabimtan restated its commitment to the infrastructural development across the three Senatorial Districts, just as it promises prudent funding in the execution of projects.

He disclosed that the yearly budget performance of the state recorded tremendous improvement due to the visionary, exemplary leadership and support of Governor Dapo Abiodun.

Olabimtan said the state economic team was strategic about management of debts for survival and development purposes, adding that the present administration would continue to strive towards achieving the sectoral global benchmarks.

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