DESPITE all the negative predictions about the coming general elections by naysayers, the transition process is very much on course. While those who lost
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IN recent times, it is a known fact that there is a sharp decline in revenues accruing from oil sales, globally. Nigeria is no exception, and has been affected by this global endemic, as a member of the Organisation of Petroleum Exporting Countries (OPEC). Consequently, the negative trend has telling effects on monthly allocation accruing from the Federation Account to its two other tiers of government. As a way to remain afloat, both the federal and state governments have devised other means of generating revenues for the day-to-day running of government. The government, at all levels, individuals and corporate organisations, have divested into agricultural business as a tested, viable and reliable sector to bridge the yawning gap in respect to the hitherto over-reliance on the oil proceeds for survival. On account of its dominant role, agriculture is a key player in poverty reduction and job creation.
Sunday Ilori
In recent time, it is a known fact that there is a sharp decline in revenues accruing from oil sales, globally. Nigeria is no exception, and has been affected, as a member of the Organisation of Petroleum Exporting Countries (OPEC). The negative trend has affected the monthly allocation from the Federation Account to all tiers of government.
As a way of remaining afloat, the federal and state governments have devised other means of generating revenues for the day-to-day running of the government. The governments, at all levels, individuals and corporate organisations, have divested into agricultural business as a tested, viable and reliable sector to bridge the yawning gap in relation to the hitherto over-reliance on oil proceeds for survival. On account of its dominant role, agriculture is a key player in poverty reduction and job creation.