Archie Hesse is confident that interoperability will compliment mobile money in driving lots of cash into the banking system so that the state will have enough
money for infrastructural development.
The governor disclosed this through his deputy, Mr. Philip Shaibu to newsmen in Benin, the state capital and assured that the government would support the judiciary, especially as the 2017 appropriation bill
provides for infrastructural development.
«The Minister of Budget and National Planning, Udoma Udo Udoma, had stated that one of the ways to fund the economy was through the sale of some national assets and the proceeds reinvested in the
economy for infrastructural development.
«That the Government now has to borrow
not for infrastructural development, but to pay salaries is not only mismanagement and lack of optimal debt management and fiscal mismanagement but to delay salaries in this critical month is insensitive».
The President of the Republic, Nana Addo Dankwa Akufo - Addo, has reiterated the commitment of his government to establishing the Infrastructure for Poverty Eradication Programme (IPEP)-- the vehicle which will ensure that each of the 275 constituencies receives the equivalent of $ 1 million per
year for infrastructural development.
To turn around the fortunes of the sub-region, Vice President Bawumia
called for infrastructural development in key areas such as energy, transportation, improvement in ports facilities and a predictable business environment.
Despite increase in our debt profile, it is still believed that Nigeria can borrow from the International financial institutions and use it to reflate the economy by quickly taking the advantage of the credibility of President Muhamadu Buhari which is a good leverage because some international financial institutions are ready to lend us
money for infrastructural development.
The governor, represented by his deputy, Mr. Philip Shaibu, assured that the government would support the judiciary, especially as the 2017 appropriation bill
provides for infrastructural development.
The minority also claimed government will have no money
for its infrastructural development.
The money collected by this direct tax route is used by the Government
for infrastructural developments and to pay employees associated with central and state government bodies.