Aregbesola has called on the residents of Osun state to return to Agriculture as a means of livelihood as the state is currently experiencing hard times.
Osun State Governor, Mr. Rauf Aregbesola, says Osun State received only N55m from the Federation Account for the month of September, 2015, according to the Daily Independent.
He said the money could not even settle the electricity bill of the government secretariat. The governor said the development was evidence that Nigeria was experiencing an economic meltdown.
He, therefore, called on residents of the state to return to agriculture as oil could no longer sustain the nation’s economy. The governor said this during the inauguration of the new Ife/Orile-Owu 33KV feeder line at Orile-Owu in Ayedaade Local Government Area of the state, according to a statement on Sunday.
The governor said that apart from the price issue, crude oil was no longer selling as fast as it used to, adding that Nigeria must seek other sources of revenue.
He said, “We must at this point tell ourselves the truth; there is no money coming from the Federation Account, 34 million barrels of Nigeria’s crude oil are on the sea without buyers.
He, therefore, called on residents of the state to return to agriculture as oil could no longer sustain the nation’s economy. The governor said this during the inauguration of the new Ife/Orile-Owu 33KV feeder line at Orile-Owu in Ayedaade Local Government Area of the state, according to a statement on Sunday.
The governor said that apart from the price issue, crude oil was no longer selling as fast as it used to, adding that Nigeria must seek other sources of revenue.
He said, “We must at this point tell ourselves the truth; there is no money coming from the Federation Account, 34 million barrels of Nigeria’s crude oil are on the sea without buyers.
“Money coming from the Federation Account has reduced seriously and our hope of survival is in our hands, what our forefathers lived on was agriculture.
“We must now go back to the farms and work. We also need to pay our taxes so that the government can meet its responsibilities. For September, our state got N55.8 million. The money we received cannot pay for the power supply by IBEDC that we use at the state secretariat monthly.
“I want to use this opportunity to admonish us to return to the farms, what we used to rely on as a country and state is no longer there. Oil prices have now dropped seriously, even at about $41 per barrel from a price of over $100; Nigeria still cannot sell her oil in the international market.”
“We must now go back to the farms and work. We also need to pay our taxes so that the government can meet its responsibilities. For September, our state got N55.8 million. The money we received cannot pay for the power supply by IBEDC that we use at the state secretariat monthly.
“I want to use this opportunity to admonish us to return to the farms, what we used to rely on as a country and state is no longer there. Oil prices have now dropped seriously, even at about $41 per barrel from a price of over $100; Nigeria still cannot sell her oil in the international market.”
