Fidelity bank banner Camano banner
Era of unearned revenues over —Aregbesola •Urges Nigerians to be ready for more sacrifices

By News Express on 02/01/2016

Views: 1,984

The Governor of Osun, Ogbeni Rauf Aregbesola, on Friday said the era of unearned revenues has come to an end as he urged Nigerians to be ready to sacrifice for a country that must survive the present economic challenges.

‎The Governor, in a New Year broadcast relayed on state television and radio,‎ prayed that the year will be peaceful and usher in fresh opportunities, goodness, prosperity and abundance to all and sundry.


‎Aregbesola,‎ on the current slump in world oil prices, said 2015 witnessed dwindling national economic fortunes, adding that the pillaging of the national treasury that began with the ousted regime was compounded by continued drop in oil prices.

He stated that the effect of the sharp reduction is that the distributable pool of the Federation Accounts that hit a zenith of N1.2 trillion in 2012 dropped to a new low of N369 billion in November allocations shared in December 2015.

Aregbesola pointed out that the implication for the Nigerian governments at the federal, states and local levels is that revenue derivable from the Federation Accounts, as the basis for running government, has been reduced to little or nothing.

He said: “The era of unearned revenue has come to an end. We are now entering into a new and special period where it is imperative for us to work for our own money before we can spend it. This period demands innovation, creativity, productivity, industry and wealth creation.

“I am therefore asking of you all, that whatever your vocation may be, you must work harder, be innovative and double your productivity from now on. Whatever your estate, you need to do more than before.”

‎Aregbesola, who said no one must be idle again, advocated serious engagements in farming and skill acquisition, instead of relying on general academic qualifications in order to take advantage of the special period the country is in. ‎

‎He said that in that past year, his administration in spite of dire financial challenges, had fulfilled its obligations to the people by providing security, healthcare, education and enhanced environment for economic activities.

According to him, “You will recall that many of our legacy schools were completed and commissioned in 2015. Our administration’s flagship high school, Wole Soyinka Government High School, in Ejigbo, was also commissioned.

‎”We signed many MOU with reputable institutions, including the International Institute of Tropical Agriculture (IITA) in Ibadan, the French government and a Chinese consortium for huge developmental programmes and job creation to bring giant developmental strides for our state and people.”

‎The Governor noted that every challenge brings its own opportunities and fresh opportunities are waiting to be tapped in the present economic challenges.

He noted that what is only required is that people reach into their natural God-given ingenuity and endowments in order to survive the period.

‎He added that Osun is already working in the areas of agriculture, solid mineral development, tourism and manufacturing.

‎Aregbesola held that the history of development has shown that humans are the primal agent of development, adding that development begins with thinking and coming up with ideas.

“Federal Government has spoken with some assurances on the challenges facing the nation. I am assuring you that solutions are being sought to the nation’s financial problems and effort is being made to cushion the effect, one of which was loans provided for states last year to offset the backlog of salary arrears.

“We must support them in our own way by working hard, create wealth and adding value to the commonwealth more than we take from it. It has also become necessary that you maximally support the government by paying your taxes, rates, levies and fines to the government.

“Every government is established on the sound foundation that it will be upheld and sustained with the taxes of the people. People place legitimate demands on their government only because they have a sense of ownership that comes from supporting that government with tax payment.”

•Photo shows Governor Aregbesola.

Source News Express

Posted 02/01/2016 05:43:24 AM





You may also like...
Fumbling Eagles (defending champions) crash out of 2015...

Saraki, others after me because of Electoral Act...

Are we all involved in this circle of...

2019: I will ensure justice, rule of law...

Nigeria party politics too analogue for 21st Century...

FCT Minister sued over land dispute

Shoprite extends tentacles to 15 countries, emerges South...

Yudala extends TECH WEEK promotion to meet huge...

People living with disabilities seek legislation on equality...

Generous Corper rescues students with school clinic

Weatherman forecasts another day of clouds, thunderstorms and...

Omotola's daughter graduates


Latest News BREAKING: Court sacks Osun Governor, declares ‘Dancing Senator’ Ademola Adeleke winner US scores Nigeria’s 2019 elections low Wamakko loses brother 48 hours to Sokoto governorship rerun Suspected herdsmen kill lecturer after Enugu peace meeting Rivers Poll: Why we stopped collation of results — INEC Imo Deputy Governor's aide escapes assassination Family, students in distress as abductors hold on to Buhari’s prayer warrior Niger Government to buy 64 new buses for state transport firm, approves expansion of Baro Port Rerun Election: Police restrict movement in Kano Plateau Guber Rerun: I need only 2,000 votes to beat Useni, says Lalong Talcum powder causes cancer? Stanbic IBTC manager, accomplice docked for N24m fraud


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (460,985 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (410,455 views) Shameless Genevieve Nnaji exposes breasts in public (346,427 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (297,281 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (261,593 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (236,505 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (222,619 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (204,321 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (192,673 views) 10 cars more expensive than Jets (177,468 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (176,919 views) Lagos plane crash: Journalist releases victims’ names (175,779 views)


NLNG call for entries

CBN banner


Categories Advertorials (3) African Press Organisation (81) Art & Literature (81) Business & Economy (4,095) Business Verdict (60) Columnists (1,007) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (598) Features (725) Global Business Monitor (327) ICT Monitor (27) International (3,204) Interview (174) Live Commentary (28) Love Matters (153) Maggie's Blog (194) News (44,109) Opinion (1,205) Pidgin (17) Politics (10,299) Religion (961) Sports (1,926) Stock Watch (39) AMA & Al Jazeera Global Update





APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera