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The restructuring should not be driven by political expediency, but by economic and financial viability: ADB president, Adesina

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Dayo Johnson – Akure

The restructuring of the country that is talked about so much should not be driven by political dependence but by economic and financial viability.

This was the presentation by the President of the African Development Bank Group, Dr. Akinwunmi Adesina, at the Ondo State Governor Rotimi Akeredolu’s second term inaugural conference in Akure, the state capital.

Adesina “As a way out of the economic quagmire, much has been said about the need for a restructuring.

“Restructuring should not be driven by political expediency, but by economic and financial viability for political viability.

“The surgeries are difficult. They are better done right, the first time. The resource that is in each state or state groupings must belong to the. The member entities must pay federal taxes or royalties for those resources.

“The achievement of economically viable entities and the viability of the national entity requires constitutional changes to delegate more economic and fiscal powers to the states or regions.

“The stronger the states or regions, the stronger the federated units will be. In the process, our union would be renewed. Our union would be stronger.

“Our union would be equitable. Our union would be fully participatory. We must be bold.

Instead of a Nigerian federal government, we could think of the United States of Nigeria or the Commonwealth of Nigeria. The old will pass through the new.

“We would change the relational mindset between the states and Abuja: the fulcrum would be the states, while the center would support them, not the Lord over it.

“With good governance and better accountability, and zero tolerance for corruption, economically stronger constituent states would emerge.

“We would unleash massive wealth in every state. It would be a Commonwealth. Wealth for all, not wealth for a fee. A new Nigeria would emerge. We will need all of them, not some of us.

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