Mr. Rotimi Akeredolu – Nigeria must reduce excessive dependence on oil

Ondo Governor Mr. Rotimi Akeredolu said on Wednesday that there is a need to develop strategies to boost domestic revenues in the wake of the current decline in oil revenues according to the governor, the way out of the current economic problems is to look inward and receive income in addition to income from the oil sector.

Mr. Rotimi Akeredolu announced this in his keynote speech at the Ninth Zone Conference of the Nigeria Tax Institute, held in Akura, the state capital, In the person of his deputy, Mr. Lucky Ayedativ, the governor said: “Any attempt by the country to find sources of income is a step in the right direction.

Mr. Rotimi said: “This will break the oil overdependence syndrome that makes our fortune as a country dependent on the vagaries of oil prices in the oil markets.

“Therefore, we must find ways to reduce our over-dependence on oil revenues. It is a well-known fact that Nigeria is favored and generously endowed with good people who are willing to fulfill their obligations if the right technology is put in place. ”

The governor also noted that his administration has done a lot to change the situation and strengthen the relevant government departments responsible for the IGR, especially the State Internal Revenue Service, to increase productivity.

In his remarks, CITN Area Chairman Alhaji Adeola Aghbogunleri said that the theme of the conference was carefully chosen by the organizers to stimulate discussion and draw attention to the changing situation in the country.