04 October, 2013

S’West ALGON berates Okonjo-Iweala over economy

Finance Minister, Okonjo-Iweala
The Chairman, Forum of South West Local Government Chairmen in Nigeria, Chief Kunle Ayantoye, has berated the Minister of Finance, Dr. Ngozi Okonjo-Iweala, for her “lack of understanding of the dynamics of the nation’s economy.”
Ayantoye said at a press briefing in Osogbo on Thursday that  the minister was intellectually sound, but she did not know how to run the economy of a nation like Nigeria.
He stated that states and local government councils had yet to receive the federal allocation for the month of July in October.

This, according to him, has crippled activities at health centres across  the nation  because, health centres are being run by the third tier of government.
He advocated fiscal federalism saying this would bring an end to the deliberate starving of other tiers of government who were at the mercy of the Federal Government.
He said,  “That is why we are advocating fiscal federalism. We hope that Mr. President will be excited one day to do this as he had  on Tuesday when he initiated the process for a national dialogue.
“We condemn the concentration of fiscal powers at Abuja. The concentration of fiscal power at the centre  makes states and local government councils  go cap in hand for their statutory allocations every month.
“The case is made worse when the coordinating Minister for the Economy and Finance Minister, Dr. Ngozi Okonjo-Iweala decides to run the country with books she read in the World Bank.”
The ALGON boss said all the policies of the World Bank which the ministers had been implementing were anti-people.
Ayantoye, who is ALGON chairman in Osun State, said the administration of Governor Rauf Aregbesola had re-invented Osun State and given pride and dignity to the people.
According to him, the states in the South West are blessed with good leaders who are carrying out far-reaching transformation in every sector.

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