Strengthening Federal-State Collaboration for Growth

The finance commissioner of Ekiti State asserts that Nigeria requires stronger collaboration between federal and state governments to foster economic growth. He commends President Tinubu for implementing necessary reforms that have improved the fiscal position of the federation, benefiting both the Federal Government and the states.

The commissioner notes that over 60 percent of government capital expenditure is now driven by sub-national governments, indicating their vital role in national development. He acknowledges the current economic challenges faced by Nigerians but argues that the situation would have been worse without the reforms.

The macroeconomic environment has stabilized, with moderated inflation and improved access to foreign exchange for businesses. To enhance living conditions, he stresses the need for sustained double-digit economic growth, particularly in agriculture and other sectors impacting ordinary Nigerians.

He also calls for improved public spending collaboration and the privatization of certain sectors, such as electricity transmission, to attract private investment and boost revenue.