By Ben Kati
A renown economist, Aliyu Yusha’u has said FCT Administration needs to adopt new ways that will help in revamping internal revenue generation and reduce costs of governance.
In an interview on Thursday, Yusha’u advised the newly created Economic Planning, Revenue Generation and Public Private Partnership Secretariat to be courageous on how to initiate revenue generation plans.
He admitted that the Secretariat has a herculean task of galvanising all stakeholders to identify areas where sustainable investment could be made to scale up revenue generation.
The expert noted that the dwindling government revenue requires a high wired solution that can help in the sustenance of revenue generation for the administration to carry-out her responsibilities of providing services to the residents of FCT amidst increase in cost of governance.
He stated that the cost of governance is often spiked by the geometric increase in the influx of people from other parts of the country into the FCT thereby making it one of the fastest growing cities in the world.
According to him, the Secretariat need to prioritize the transportation system in FCT by working hard to attract investors that can standardised it and make it efficient and profitable.
He also explained that several opportunities for agricultural value chains that can be exploited, exist for the Secretariat to take advantage of.
While he opined that if the administration wants to reduce cost of governance, there was need for it to provide world class infrastructural development, which both working and non working classes of residents can leverage to build economic capacity.
“In my own opinion, unless we coordinate economic activities, there is no way we can profer solutions to our budgetary deficiencies, so therefore the creation of that Secretariat is a welcome development.
“First of all, there is need to identify areas of where the Public will capacity and interests, these two things must be put into cognizance”
