by Israel Olasinde
(Johannesburg, SA)
Home / Features / Policy & Politics / ‘Why FG must convey Economic Summit now’
‘Why FG must convey Economic Summit now’
By Seye Olumide on June 25, 2015
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Olatunbosun Oyintiloye
Olatunbosun Oyintiloye
A lawmaker in the Osun State House of Assembly, who represents Obokun Constituency, Mr. Olatunbosun Oyintiloye has emphasized the need to convene a national stakeholders’ economic summit that would permanently address the inability of several states of the federation to pay salaries and other economic issues.
The lawmaker also called on the Federal Government to, as a matter of urgency bail out the states that are battling with unpaid salaries as part of intervention “to stabilise the economy.”
While expressing concern over the sorry state of the country’s economy, which he said needs urgent attention, Oyintiloye said, “To address the situation, the Federal Government should converge high level stakeholders’ conference to include all tiers of governments, labour unions, financial institutions, multi national organisations, among others, to address the situation and proffer long term solutions to the lingering economic problem.”
He said parts of the issues to be discussed at the summit must include action plan on diversification of the economy from mono-economy, which is dependent on oil, by taking full advantage of the agriculture and solid mineral potentials.
He stressed further that the challenges facing the country at present and those affecting the states are beyond salaries but that the fundamentals of the nation’s economic would have to be addressed.
Said he, “There is the need for bail out and after that, we must go back to the drawing board and find ways to re-arrange programmes, projects and implementation of policies.
As we all know, the Nigerian economy takes its breath
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