Deputy Senate President, Ovie Omo-Agege has instructed the South-South governors that the one resolution to the financial downturn within the area is to embark on huge investments in infrastructure and regional integration.
He additionally instructed them to construct superhighways and railways which might improve connectivity of the BRACED States, that’s, Bayelsa, Rivers, Akwa Ibom, Cross River,Edo and Delta for financial progress.
Represented by his Particular Adviser on Particular Duties, Godwin Anaughe, the Deputy Speaker made the decision in his goodwill message on the second annual basic assembly of the Discussion board of South-South Chamber of Commerce, Trade, Mines and Agriculture (FOSSCCIMA) held on Thursday, in Uyo, Akwa Ibom State.
He additionally requested the governors to spend money on the facility sector and gasoline, including that such infrastructure and services will increase financial actions, progress and enterprise within the area.
In accordance with him ”It’s towards this backdrop that I discover the theme for this yr’s Lecture “Financial Integration of the South-South Area – A panacea for Financial Development” apt and well timed.
”One necessary lesson of the COVID-19 debacle is that it could actually now not be enterprise as regular. The COVID-19 pandemic and the next world financial downturn have additionally accentuated the significance of financial integration as engines of progress and improvement, in lots of economies of the world.
”For the South-South area, the necessity for financial progress requires financial integration that will assist set your complete area on a extra affluent progress path. I want to make it very clear, nonetheless, that the financial integration of the South-South just isn’t a brief time period reply to the present socio-economic issues of the area.
”Slightly, it’s the long-term reply to the query of South-South financial progress, diversification, competitiveness, enterprise and jobs.”
Omo-Agege, who hailed the approaching collectively of the six States of the area to kind BRACED some years again, nonetheless, stated the thought behind its formation had not been achieved attributable to lack of dedication.
The highpoint of the event was the investiture of Dr. Okon Emah as the brand new president of FOSSCCIMA).
The brand new FOSSCCIMA president in his acceptance speech known as for the diversification of the area’s economic system as crude oil income may now not maintain the area.