Federal allocation from Abuja cannot grow Adamawa economy - Senator warns

Federal allocation from Abuja cannot grow Adamawa economy - Senator warns

- Senator Abdulaziz Nyako has warned that state government must stop depending on federal allocation

- The senator said such dependency of federal allocations does not grow any state's economy

- According to Nyako, Adamawa state needs micro and macro economic approach to boost its market

A lawmaker of the eight Senate, Abdulaziz Nyako, has called for diversification of economy in Adamawa state.

Senator Nyako who is vying for the seat of the governor under the platform of African Democratic Congress (ADC) in the state said federal revenue from Abuja cannot grow Adamawa state economy unless there are clear cut programmes adopted by the state government.

The senator said the state needs micro and macro economic approach to boost market.

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Explaining that over dependence on the revenue allocation from Abuja cannot transform the state economy into a larger one, Nyako said unless micro decisions are made on goods and services offered to boost consumers satisfaction the state will remain in its poor state.

He said government need to come up with micro economic programme that will rebound the economy through short flow of cash circulation in other to stabilise the market.

He said thereafter the state government can adopt a macro approach through the Adamawa state investment company for a larger market.

According to him, with a good policy direction on the economy it would stimulate an economical growth that would pave way for additional revenue generation to cater for other amenities such as health schools and grassroots development.

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Nyako said that with a stable economy, the Adamawa state government would have a policy direction that would enhance regular payment of salaries to teachers and civil servants.

He also said such would ensure that attention is paid workers training and welfare needs, while also catering for other needs such as providing quality education and equipment to hospitals and supporting agriculture and empowerment scheme to grassroots.

"This can be achievable because huge tax would be generated to support the state," Nyako said.

"All would be achievable through a bottom to top approach which my government would apply in other to streamline a policy direction that would transform the people and the state to a robust economic where job creation and business opportunities would be available," the senator said.

Meanwhile, Legit.ng previously reported that Kassim Gaidam, the Resident Electoral Commissioner (REC) in Adamawa, on Tuesday, February 19, allayed the fears of the people over insecurity, stressing that the forthcoming elections in the state would be peaceful.

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He described as false, the notion in some quarters that the elections could be hampered by insecurity.

Gaidam, who made this known in an interview in Yola, said that Adamawa had been calm and peaceful in recent times.

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Source: Legit.ng

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