Economic Downturn, Wake-Up Call To Nigerians- Ekiti Head Of Service

The Head of Service of Ekiti State, Dr. Olugbenga Faseluka has said that the current economic challenges facing the country is a wake-up call for all tiers of government and the people of Nigeria to develop and explore other sectors of the economy.

This, he said, will expand the revenue base of States and reduce their over-dependence on the federal allocation which has over the years made the people indolent.

The Head of Service made the assertion   in Ikogosi while declaring open a workshop for the review of the Medium Term Expenditure Framework (MTEF 2014-2016) for Local Councils in the State.

Dr Faseluka who noted that the slide in the global price of crude oil has adversely affected the economy of Nigeria said Ekiti State as well as other States of the federation are not exempted from the brunt of the economic downturn which has led to huge shortfalls in resources accruing to the three tiers of Government .

He   added that the economic challenges need radical and creative thinking and problem solving skills .

“The economic problem that stares us in the face needs radical creative thinking and problem solving skills. No matter what happens, a bad situation can still be salvaged; it depends on the attitude of the managers. We need to change our orientation from pedestrian or traditional approaches to creative and breaking barriers’ approaches”, Faseluka said.

The Head of Service stressed that there is a compelling need to tap the latent resources of the State even as he recalled that the defunct Western Region depended on agricultural resources to survive adding that many legacies of the era are still in existence.

He stated that agriculture still remains a veritable avenue for revenue generation and an antidote to unemployment.

While speaking on the importance of the Medium Term Expenditure Framework (MTEF), Faseluka said that there is need for proper planning and appropriation of public funds; adding that budgets are prepared in relation to the policy thrust of government as entrenched in the MTEF document.

He charged the local government managers on the need to overhaul their revenue generation approaches at the third tier of government with a view to reinvigorating the rates sections.

Earlier, the Permanent Secretary in the Ministry of Local Government, Mr. Yemi Owoseni said the workshop would serve as orientation for both the political and career officers at the local government level as the review of the document will align with the 6 cardinal programmes of the Fayose-led administration and the budgetary pursuit of the local governments.

Owoseni said there is need to reduce existing uncertainties between policies and their financing to deployment of local government resources to enable it contribute to the improvement of the quality of lives of the people