Economic experts have blamed the leaders of both federal and state governments for 133 million Nigerians living in poverty. A Financial Inclusion/Wealth
Economic experts have blamed the leaders of both federal and state governments for 133 million Nigerians living in poverty.
Idakolo stated that leaders of most state governments in Nigeria are suffering from a disease called ‘Laziness of the Mind’. He said: “This is not far from the truth because you need infrastructural developments and deliberate government policies to stem poverty—this needs to be improved in most states; 85% of the states in Nigeria rely solely on revenue sharing for sustainability. Most states in Nigeria lack the drive to create an enabling environment for industrialization, which will give rise to increased revenues for the states.
States, he advised, should not only invite foreign investors but also look at areas where they have a comparative advantage over other states “so that their indigenes can benefit from the employment opportunities that come with such investments.” The university don, however, blamed the Niger Delta Development Commission, NDDC, for the poverty data of Bayelsa State. He said the Commission’s funds should be properly used to lift Niger Deltans from poverty.
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